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CEO Exit Packages and Bonus Metric Disclosure: The June 2007 issue of Executive Compensation Trends explores, in detail, data from several new sections of the SEC's revamped compensation disclosure rules. These sections include discussions of potential post-employment payments for executives and disclosures on specific performance hurdles in the CD&A. In both articles, we provide a comprehensive overview of key compensation practices using information available for the first time this year.
Newsletter Subscription Notice: Beginning with the next 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 Exit Packages |
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Fortune 200 CEO severance & change-in-control packages |
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The SEC's recently revised executive compensation disclosure rules introduced several new important areas of disclosure, including sections on deferred compensation, pension benefits and potential post-employment payments. These new disclosure sections generated a wealth of fresh information during proxy season, and for the first-time, Equilar has performed a comprehensive analysis of potential severance and change-in-control payments for CEOs.
[Read Full Article +]
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| CEO Performance Metric Disclosure |
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Fortune 100 CEO metric disclosure trends |
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An integral part of the SEC's new CD&A section is the requirement for the disclosure of specific performance hurdles for executive incentive plans. This change should allow for more complete analyses of executive bonus payments from initial plan design to final payout. To examine the state of performance plan metric disclosure for chief executives, Equilar reviewed CD&A documents at Fortune 100 companies filing under the new SEC rules.
[Read Full Article +]
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Equilar will appear at the following conference in June. To learn more, click on the link below to view registration and event details. For a complete list of future Equilar events, please visit the Presentations section of our website.
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Executive Compensation: An Outside-In View
Hosted by HR Policy Association
July 17-18, 2007
Arlington, Virginia
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Equilar's research appeared in several articles in June. 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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FSB 100: Top 25 richest execs
June 25, 2007
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"These insiders all own $10 million or more in stock and options in America's fastest-growing small public companies. Equilar, an executive-compensation research firm in San Mateo, Calif., reviewed proxy statements for firms on our list."
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2006 another lucrative year for top NW execs
June 24, 2007
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"After expenses, Expeditors had a record operating profit of $375 million in 2006. And its top five executives? They collected bonuses totaling nearly $19.2 million, more than any other top five executives in the Northwest last year, an analysis by San Mateo, Calif., research firm Equilar shows."
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Despite heat, pay at the top kept going up
June 24, 2007
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"Kerry Killinger, CEO of Washington Mutual, topped this year's list of publicly traded companies with a pay package valued at $18.1 million. He was followed by Expedia's Dara Khosrowshahi at $16.4 million and Safeco's Paula Rosput Reynolds at $13.9 million, according to the analysis by Equilar, an executive-compensation research firm in San Mateo, Calif."
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Amid Missteps, Yahoo's Semel Resigns as CEO
June 19, 2007
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"Mr. Semel was awarded another $71 million in stock options in the 2006 fiscal year, Equilar says. Some of that grant has already vested, and Mr. Semel will be able to exercise those options over the next three years, but he may not be able to exercise the unvested options, says Equilar."
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Yahoo’s Chief Resigns, and a Founder Takes Over
June 19, 2007
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"During his tenure, Mr. Semel was richly rewarded. He has realized gains around $451 million from stock options and other pay, according to a report by the executive compensation firm Equilar, making him one of the highest paid executives in the nation."
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How Blackstone Will Divvy Up Its IPO Riches
June 12, 2007
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"In the ranking of executives holding stakes in their companies, Mr. Schwarzman's will rank behind Microsoft Corp.'s Steve Ballmer's $12.6 billion and close to Rupert Murdoch's $7.7 billion stake in News Corp., according to Equilar Inc."
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For Yahoo, an Ordeal of Dissent
June 12, 2007
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"Mr. Semel has realized gains of about $451 million from options and other pay since he joined Yahoo, according to a report by Equilar, an executive compensation firm.""
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Occidental chief Irani tops a list of CEOs for options exercised
June 9, 2007
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"It also comes on top of Irani's $52.8 million in total compensation for 2006 that placed him No. 3 on the AP's separate list of top-paid chief executives. 'He is consistently among the top-earning CEOs,' said senior analyst Alexander Cwirko-Godycki of compensation research firm Equilar."
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Firms dealing out fewer stock options
June 9, 2007
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"Three trends are unmistakable, according to data from Equilar, an executive compensation research firm in San Mateo: Companies are dealing out fewer options; They're substituting restricted stock instead; and Companies are starting to tie performance criteria to option and restricted stock packages."
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Healthy paychecks
June 3, 2007
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"However, handsome pay packages extended far beyond health care, according to an analysis conducted for The Star by compensation-research firm Equilar, of San Mateo, Calif. In 2006, 27 of 45 Indiana companies paid their CEOs at least $1 million in total compensation."
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CEOs set for now -- and for retirement
June 3, 2007
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"According to Equilar, in 2006 the median value of accumulated pension benefits for CEOs of S&P 500 companies was $6.7 million and the median deferred-compensation balance was $3.7 million. Most big-company CEOs have both perks: 81 percent of S&P 500 CEOs had a pension and 85 percent had deferred compensation plans, Equilar said."
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CEO perks: cars, physicals and the best seats
June 3, 2007
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"Rene Champagne, who retired as chief executive of ITT Educational Services in April, received extra compensation worth $18,230 related to use of a company car last year, according to research firm Equilar."
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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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Contact
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Press: press@equilar.com |
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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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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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