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With proxy season heating up, the February 2007 issue of Executive Compensation Trends explores two areas of the compensation landscape that will likely attract increased attention under the new SEC regulations. The first feature article looks at the design and metrics of long-term incentive plan awards for CEOs, and the second examines choices offered to directors under Board compensation plans. In addition, as the proxy filing deadline draws a little closer for companies with December 31 fiscal year ends, Equilar continues to study DEF14As and PRE14As as they are released. To help companies preparing their final Compensation Discussion & Analysis drafts, this month's Client Alert shares examples of key CD&A elements that our Research Team has identified. To view the report, please see the publications section below.
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 a specialized analysis of the data presented in this newsletter. |
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 LTIP Design and Metrics |
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An analysis of CEO long-term incentive plan awards at Fortune 500 companies |
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To gain insight on pay-for-performance trends that may emerge over the next few months, the following analysis examines current long-term incentive plan (LTIP) design practices at Fortune 500 companies, including an overview of common performance metrics.
[Read Full Article +]
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| Director Fee Elections |
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An analysis of director choice in Board compensation plans at Fortune 100 companies |
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Companies often offer directors the option to defer a portion of their annual fees or elect to receive some of their fees in equity rather than cash. To take a closer look at the prevalence of director choice plans, the following analysis examines trends at Fortune 100 companies.
[Read Full Article + ]
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Equilar's Research Team recently launched an exciting new line-up of Reports and Client Alerts. To learn more about our complete set of publications, please review the Client Alerts below or visit our website at Equilar Publications.
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Client Alert: CD&A Overview
February 2007
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As we quickly approach the peak of the 2007 proxy season, many companies are in the final stages of writing and editing their first-ever Compensation Discussion & Analysis (CD&A) section. To assist clients in developing a better understanding of CD&A disclosure, this report provides an examples-based overview of key CD&A focus areas.
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Client Alert: Updated SEC Rules
January 2007
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To assist clients in developing a more complete understanding of the SEC’s updated compensation disclosure regulations, this report presents a summary of the key changes outlined in the SEC’s December 22, 2006 rule release.
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Equilar research appeared in several articles in late January and February. To learn more, click on the links below to view these stories. For a complete list of articles featuring Equilar research, please visit our online Knowledge Center.
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Top execs rake in the perks
February 26, 2007
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"At Fortune 100 companies, which include Microsoft but not Amazon, the median cost for personal and home security for CEOs in 2005 was $37,194, according to Equilar Inc., a California-based compensation-research firm."
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Being first in line has its perks for Starbucks boss
February 26, 2007
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"In 2005, when Starbucks provided Schultz with nearly $266,000 in free travel it was more than double the median value ($109,000) of aircraft perks provided to chief executives at Fortune 100 companies, according to Equilar Inc., a compensation research firm in San Mateo, Calif. Two-thirds of those executives received the perk."
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Early Adopters of CD&As Presenting Longer, Detailed Disclosure, Analysts Find
Password Protected
February 22, 2007
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"Early adopters of the Securities and Exchange Commission's disclosure rules are filing longer, more comprehensive statements, many exceeding 20 pages in length, according to the compensation research firm Equilar Inc. Equilar senior analyst Alexander Cwirko-Godycki told BNA on Feb. 22 that, as expected, 'the size and quality of disclosure is significantly bigger and better [than in the past]."
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A Better Look At The Boss's Pay
February 15, 2007
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"Even so, in a study of 2005 proxies filed by the 100 largest U.S. companies, compensation research firm Equilar Inc. found that the median value of personal travel on corporate jets rose 21.7%, to $109,000, while execs got roughly $37,000 to safeguard themselves, up 69%."
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How To Say What You Mean On Pay
Password Protected
February 6, 2007
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"Alexander Cwirko-Godycki, senior analyst at compensation research firm Equilar, says the most commonly used measures relate to total shareholder return, earnings per share, revenue, and net income—but they are only the tip of the iceberg. 'There are hundreds of metrics companies use,' he says. 'Different metrics guide people in different directions.'"
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Aramark CEO gets $1 billion reward from latest buyout
February 2, 2007
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"Mr. Neubauer's compensation has not notably outpaced other CEOs. From fiscal 1991 to fiscal 2005, he collected $27.8 million total in salary and bonuses, and exercised stock options valued at $37.87 million, according to Equilar Inc., a compensation research firm in San Mateo, Calif."
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Dell Chief Is Replaced by Founder
Password Protected
February 1, 2007
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"Mr. Rollins is not entitled to severance or a pension plan. Still, he will walk away with stock options worth about $30 million that he earned during his tenure, according to earlier company filings. According to Equilar, which analyzes executive pay, Mr. Rollins earned $42 million in total direct compensation as the chief executive."
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Rollins' Stock Options Down With Dell Stock's Decline
Password Protected
February 1, 2007
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"Based the company's latest proxy statement, filed in June, Rollins had 12.4 million in exercisable stock options worth close to $94 million. Based on Wednesday's closing price of $24 a share, Rollins' stock options may be worth closer to $31 million, according to number crunching from Equilar Inc., a compensation analysis firm in San Mateo, Calif."
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Aid for employees could include repriced options or bonus checks
January 29, 2007
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"In December, at least 10 Silicon Valley companies raced to reprice 4.2 million tainted options to spare 35 executives and directors from the new taxes, according to Equilar, a San Mateo firm that tracks executive compensation. They included five of the 50 biggest companies here: Nvidia, KLA-Tencor, Atmel, VeriSign and BEA Systems."
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Home Depot dives as Lowe's thrives
January 28, 2007
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"According to Home Depot's most recent proxy filing, Nardelli's 2005 pay totaled $31.7 million plus stock options that compensation firm Equilar valued at $10.6 million, using a standardized calculation. Niblock's package was worth $9.6 million plus stock options Equilar valued at $1.7 million."
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/
- Refer to individual articles for further instructions.
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Contact
Equilar
To contact Equilar by phone,
please call (877) 441-6090.
To contact
Equilar by e-mail, please write to:
General: info@equilar.com
Press: press@equilar.com |
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Feb. 2007 Client Alert:
CD&A Overview
To assist clients in developing a better understanding of CD&A disclosure, this report provides an examples-based overview of key CD&A focus areas.
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MaterialInsight
Equilar's New Online 8-K Database
Recently, Equilar released MaterialInsight, the newest addition to the company’s award-winning suite of executive and board compensation solutions.
MaterialInsight 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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