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Executive Compensation Article Change-in-Control Excise Tax Gross-Ups Decline
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Executive Compensation Blog 2009 Executive Compensation Symposium
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Top Stories                                                                                           

Change-in-Control Excise Tax
Gross-Ups Decline

An analysis of tax gross-ups for Fortune 100 CEOs

As part of Equilar's extensive 2009 CEO Severance and Change-in-Control Report due out in late September, we have identified several key excise tax gross-up trends for Fortune 100 companies. During the past year, companies have revised their change-in-control agreements to include more shareholder-friendly provisions. In particular, companies have moved away from providing full excise tax gross-ups, with some eliminating the policy completely.  Read More (+).

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Top HR Compensation:
It Pays to Be Close to the CEO

Top HR Compensation Report
In-depth analysis from Equilar's 2009
Top 25 Survey

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Equilar in the News                                                                            

To help you monitor the latest executive compensation headlines, we've selected several recent articles featuring Equilar data and research. Visit the news and publications section of our website to read the complete listing of new media mentions.

Spending on Personal Security Perk for CEOs is Skyrocketing
September 8, 2009
USA Today
"The median spending on personal and home security for CEOs at the 100 largest publicly traded companies was $65,348 in 2008, up 123% from $29,291 in 2007, according to executive compensation research firm Equilar. Ten companies alone spent a total of $4.6 million on CEO security in 2008, 40% more than the 10 biggest spenders of 2007."
CEO Pay: Is It Still Out of Sync?
August 26, 2009
BusinessWeek
"Total compensation for the average CEO at an S&P 500 company declined last year by 7.5%, or $700,000, according to data tracker Equilar. And executives such as General Electric's Jeffrey R. Immelt have declined their bonuses, while the CEO of bailed-out Citigroup, Vikram Pandit, has sworn to take no more than $1 per year until the bank returns to profitability."
Valeant CEO's Pay Package Draws Praise as a Model
August 24, 2009
The Wall Street Journal
"The pay formula is no guarantee of success. Several concerns controlled by private equity failed recently, including Chrysler Group LLC. Former Merrill Lynch & Co. CEO John Thain bought more than $11 million of shares during his first year, according to pay researcher Equilar Inc. He was forced out in January after Bank of America Corp. acquired Merrill amid mounting losses."
CEOs Hold Off Exercising Options, but Not Ellison
August 21, 2009
The Wall Street Journal
"So far this year, 34 of the 143 CEOs of Silicon Valley's biggest public companies by revenue have exercised stock options, according to an analysis for The Wall Street Journal by compensation-research firm Equilar Inc."
So Much for the Pay Czar? Wall Street Paydays Keep Coming
August 11, 2009
ABC News
"Orcel and Montag's reported 2008 compensation actually dwarfed that of Bank of America CEO Ken Lewis, who received a total of just over $9 million, according to Equilar, Inc., an information services firm specializing in executive compensation. Lewis' pay was also several times smaller than that of his Citigroup peer, CEO Vikram Pandit, who received $38.2 million in 2008, according to Equilar."
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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.