I’m gonna keep harping on this issue until Say On Pay gets done for shareholders and apparently, so will Jason Zweig. If you’re not familiar with Zweig, he’s the Wall Street Journal‘s Intelligent Investor columnist and he’s doing phenomenal work in exposing the failure of corporate boards, directors and executives and said failure’s effects on…
Compensation
Goldman Sachs is the Yankees, Citigroup is the Mets
There’s a delicious irony about New York baseball and New York banks that I think is worth discussing in light of the imminent Yankees World Series victory. As baseball fans throughout the nation piss and moan about the fact that the Yankees have the wealth of NY to draw upon when pricing tickets, broadcast rates and payroll…
Trick or Treat CEOs
I’m guessing he won’t be ringing Ken Feinberg’s doorbell either.
Enter the Lexicon: "Salarized Stock"
The Pay Czar has spoken. Here are the new rules for TARP-scrounging firms, about a year too late… From MarketWatch: WASHINGTON (MarketWatch) — Kenneth Feinberg, the Treasury Department official in charge of setting compensation for bailed-out companies, said Thursday his primary goal was to get the banks to the taxpayer’s money. “Taxpayers are in deep…
Hot Links: Crazy Buildings & Golden Coffins
Stuff I’m Reading this Morning… Good stuff: M&A boom coming to S&P 500 as cash positions relative to share prices climbs to the highest in decades. (Bloomberg) Or how about big M&A deals coming to the asset management space? Long overdue. (Morningstar) Big report on how to fix compensation comes out today…shocker: they’re not fans…
