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CEO Aircraft Perquisites and Severance Agreements: The July 2007 issue of Executive Compensation Trends examines two areas of executive pay where transparency in disclosure has improved considerably under the SEC's new disclosure rules. First, we cover three-year trends in aircraft perquisites for Fortune 100 chief executives and then move on to an analysis of key elements of CEO severance agreements.
Newsletter Subscription Notice: Beginning with this issue, access to premium content in Equilar's Executive Compensation Trends newsletter will only be available to Equilar database subscribers through a password protected website. If you are not an Equilar database subscriber and wish to learn more about Equilar's subscription plans, please send an email to info@equilar.com or call (877) 441-6090.
Research Questions: Please feel free to contact our Research Team at (877) 441-6090 or info@equilar.com, if you have any questions or comments, or if you would like to learn about our Custom Research Services. |
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 CEO Aircraft Perquisites |
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Trends in Fortune 100 CEO Aircraft Usage |
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To learn more about the nature of "other compensation" for executives, we recently completed a study of the perquisites received by CEOs of public companies listed in the Fortune 250. For this month’s issue, we focus specifically on aircraft-related perks for CEOs of companies in the Fortune 100.
[Read Full Article +]
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| CEO Severance Agreements |
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Trends in Fortune 100 CEO Severance Contracts |
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Last month, we explored the potential value of CEO severance and change-in-control payments as reported in the SEC’s new post-employment compensation disclosure section. Today, we examine trends and important features relating to CEO severance contracts, the driving force behind many of these payments.
[Read Full Article +]
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Equilar's research appeared in several articles in July. To learn more, click on the selected links below, or for a complete list of articles featuring Equilar research, please visit the News & Publications section of our website.
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New Comp Rules Spur Severance Debate
July 23, 2007
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"A study by executive compensation research firm Equilar finds that the median CEO severance payment at 137 Fortune 200 companies was about $21 million last year, while the median for change-in-control packages was about $28.6 million."
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Goldman, Occidental Finance Officers Lead in Pay
July 18, 2007
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"I took a look at total pay in 2006 versus 2005 for 545 CFOs working at U.S. companies with $4 billion or more of market value. Here's what I found: The median total pay in 2006 for a CFO was $2.5 million, an increase of 17 percent from 2005, and the average total pay was $3.3 million, or 9 percent more. [...] Data for this study were obtained from Equilar Inc."
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Boards Take More Control of Succession
July 16, 2007
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"Scrutiny on pay-for-performance has also helped drive the push to develop internal talent. In fact, a recent a study by executive comp research firm Equilar found that CEOs hired in 2005 from internal ranks earned $3.1 million less than CEOs recruited from outside."
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Directors' compensation, workload rise
July 15, 2007
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"Compensation experts at Equilar Inc. report the median pay for non-employee directors at Fortune 500 companies rose 10 percent last year, to $165,000. That's on top of double-digit pay increases at major U.S. companies each year since the law took effect, according to studies by Institutional Shareholder Services."
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Capital One Chief Cashes In on Stock
July 12, 2007
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"In 2006, 35 percent of S&P 500 companies had at least one executive officer with an active stock trading plan, known as 10b5-1 plan, according to Equilar, an executive compensation research firm located in San Mateo, Calif."
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Corporate Aircraft Usage By Executives Soars
July 10, 2007
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"For these executives, the median value of the aircraft benefit also increased 12.1 percent from $108,579 in 2005 to $121,676 in 2006. Alexander Cwirko-Godycki, research manager at Equilar, notes that some of the increase is likely a result of new Securities and Exchange regulations, which lower the disclosure threshold for executive perks."
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A Maverick of Industry in Canada
July 10, 2007
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"His wealth is sometimes an issue in a country where fortunes are not always admired. He is among the highest paid businessmen in Canada, receiving $27.7 million in total compensation during 2006 from Magna, according to Equilar, a compensation research firm, far more than the $9.5 million that General Motors paid Rick Wagoner, its chief executive."
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Healthy perk puts CEOs to the test
July 9, 2007
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"In 2006, 38 percent of Fortune 250 companies disclosed that their CEOs received annual physicals, according to Equilar, a compensation research firm in San Mateo, Calif. The median cost of the exam, when disclosed, was $2,695."
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Drowning in Data
July 1, 2007
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"Then there are those who expect only minor changes to fix the highly unusual problems that cropped up, such as the ability of Marshall & Ilsley Corp. to report that its former CFO, John Presley, made negative $315,734 in 2006. Indeed, compensation firm Equilar Inc. found that 2 percent of the 900 proxies it reviewed had executives reporting negative compensation."
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| Members of the press who are interested in obtaining Equilar research for their stories should feel free to contact Equilar at press@equilar.com. |
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To cite Equilar research in your story, blog, presentation, or newsletter:
- Please refer to Equilar as "Equilar, Inc., an executive compensation research firm" with a hyperlink to our homepage at http://www.equilar.com/.
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Equilar Has Moved!
Equilar, Inc. is pleased to announce that we have moved to a new location effective July 21, 2007. Please take a moment to update your records accordingly.
NEW ADDRESS:
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Fax: (650) 802-8591
TEAM CONTACTS:
Direct phone numbers to reach Equilar team members will not be changing. For a directory of phone numbers for our current employees, please feel free to call our main line at (650) 286-4512.
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Equilar Forms Strategic Alliance with HR Policy Association
HR Policy Association and Equilar recently announced the formation of a strategic alliance to provide HR Policy Association members with the benefit of information, analyses and benchmarking studies on executive and director compensation. To learn more, please read the press release below.
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MaterialInsight: Equilar's Online 8-K Database
MaterialInsight, the newest addition to the Equilar's award-winning suite of executive and board compensation solutions, provides access to compensation and corporate governance data drawn directly from 8-K filings. To learn more, please click on the following link:
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Careers at Equilar
Equilar is looking for strong
candidates to fill key positions across all departments. To learn more about opportunities at Equilar, please visit our
careers page by clicking on the link below:
Equilar Careers Page |
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CONTACT EQUILAR
Tell us what you think! The Equilar newsletter team would love to hear your suggestions and ideas about research that you would like to see in our newsletter. For article suggestions, questions, or general comments, please e-mail Alexander Cwirko-Godycki at acg@equilar.com. For inquiries about our on-line database products or custom research services, please call (877) 441-6090 or e-mail info@equilar.com. Please also visit our Web site at http://www.equilar.com/ for more information. We look forward to assisting you with your compensation analysis needs.
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DISCLAIMER
The information and analysis in this e-mail and attachments are intended to be for informational purposes only. The analysis is based on information taken from publicly filed documents and we do not represent to its accuracy. Equilar, Inc. assumes no liability for the use or interpretation of information contained herein. This publication is provided "as is" without warranty of any kind, either expressed or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or non-infringement of third party rights.
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