 |
 |
 |
|
|
|
The March 2007 issue of Executive Compensation Trends features two articles which explore recent hot topics in our Research department. The first article is an analysis and comparison of the compensation packages for externally hired CEOs and CEOs promoted from within an organization. The second article highlights recent examples of companies eliminating perquisites—an increasingly apparent trend in Proxy Season 2007.
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. |
|
 CEO New Hire Compensation |
|
An analysis of CEO new hires at S&P 500 companies |
| |
To examine key differences in the compensation of new CEOs hired internally vs. externally, Equilar compared their pay to the compensation of CEOs in place for at least two years. Focusing on overall pay levels, restricted stock awards, and stock option grants, the following analysis shows that CEOs hired externally earn far more in total pay in their first year than CEOs who are promoted from within.
[Read Full Article +]
|
| Disappearing Perquisites |
| |
Early examples of companies eliminating perquisites |
| |
As the number of new proxy filings continues to swell, a movement away from the use of perquisites has emerged. While it is still too early to complete a comprehensive analysis on the state of benefits and perquisites for executive officers, the following examples indicate that many perquisites, once considered a standard part of the compensation package, are disappearing.
[Read Full Article + ]
|
|
|
|
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.
|
Client Alert: CD&A Overview
February 2007
|
|
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.
|
Client Alert: Updated SEC Rules
January 2007
|
|
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.
|
|
|
|
|
|
Equilar research appeared in several articles in late February and March. 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.
|
Expensing Rule Drives Stock Awards
March 27, 2007
Password Protected
|
|
"An analysis of aggregate equity awards at Fortune 1000 companies provided to Compliance Week by research firm Equilar Inc., shows that the median number of stock options granted per company plummeted 40 percent from fiscal 2003 to 2005, which was the year that Financial Accounting Standard 123(R) took effect. 'There's a clear movement away from options to full value shares, either restricted stock or restricted stock units," says Alexander Cwirko-Godycki, senior analyst at Equilar.'"
|
Making Managers Pay, Literally
March 25, 2007
Password Protected
|
|
"In November, Equilar, an executive compensation research firm in San Mateo, Calif., looked for pay recovery provisions at the 100 largest companies in the United States. It found that about 18 percent of them had disclosed such policies for the previous year. Not all of those 100 companies have filed their proxies yet for 2007. But among the 50 that have, Equilar found 44 percent with clawback provisions."
|
Avon CEO gets a raise as company struggles
March 23, 2007
|
|
"Avon awarded Ms. Jung $13.3 million in total compensation last year, the company said Friday. That's about $2 million more than she was paid in 2005, according to Equilar data. Avon says Ms. Jung was paid about $1.4 million in salary last year, granted $4.2 million worth of stock, and awarded $4 million worth of stock options."
|
New Proxy Disclosure Best Practices Emerge
March 6, 2007
Password Protected
|
|
"A look at the first batch of preliminary and final proxy statements that have trickled into the Securities and Exchange Commission shows that, while the disclosure details vary widely from company to company, this year's filings all have one thing in common: volume. 'At face value, this year's proxies are clearly bigger and better," says Alexander Cwirko-Godycki, senior analyst at compensation research firm Equilar.'"
|
| Members of the press who are interested in obtaining Equilar research for their stories should feel free to contact Equilar at press@equilar.com. |
|
|
|
|
|
|
|
| |
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/.
- To cite an entire article, please refer to individual articles for further instructions.
|
|
|
| |
| |
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 |
|
|
|
|
| |
SAVE THE DATE
Equilar Webcast
Please join Equilar for our 2007 Proxy Season Trends Webcast.
Wed., April 18 at 2:00pm ET
To learn more please e-mail: info@equilar.com
|
|
|
|
|
| |
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.
|
|
| |
|
|
|
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:
|
|
|
|
|
|
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 |
|
| |
|
|
|
Newsletter
Feedback
As part of Equilar's
ongoing effort to improve the quality of our products and
services, we would like to encourage our readers to provide
feedback on this newsletter. Please click on the link below to
participate in our survey. Thank you for your
suggestions!
Newsletter Feedback
|
|
| |
|
|
|
|
|
|
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.
To subscribe to this newsletter, please click here. To unsubscribe, please send an e-mail with the subject line, "ECT Unsubscribe" to unsubscribe@equilar.com. Please do not reply to this email.
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.
|
|
