1. CEO Pay

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    3. Citigroup, Bank of America Cut CEO Pay

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      Citigroup, Bank of America Cut CEO Pay
      Citigroup Inc. and Bank of America Corp. said Friday they had slashed their CEOs 2020 pay. At Citigroup, the bank cut Chief Executive Michael Corbats pay 21% to $19.04 million, citing a consent order that regulators slapped on the bank in October. The bank reduced other executives pay for the same reason, saying they shared responsibility for the problems...
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      Mentions: Citigroup Goldman Sachs Nasdaq

    4. Marathon Oil Shrinks CEO Pay 25% While Aiming for Emissions Cuts

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      Marathon Oil Shrinks CEO Pay 25% While Aiming for Emissions Cuts
      (Bloomberg) -- Marathon Oil Corp. took a rare step among independent shale explorers by cutting executive compensation and boosting anti-pollution targets. Such measures have become increasingly common among the top tier of major oil companies as management teams seek to allay investors concerned about environmental impacts, social issues and corporate governance...
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      Mentions: Management Bloomberg stock options
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  4. Quotes about CEO Pay

    1. Our research found that median CEO pay has continued to rise post-SOP. While this continued increase was disappointing to the advocates of SOP, this was not surprising to corporate directors, executives and most institutional investors.
      In Say On Pay Votes Have Not Reduced CEO Pay
    2. This is a critical finding that suggests that the labor market for CEO pay remains robust, but the post-SOP governance environment may have constrained pay at the top of the distribution.
      In Say On Pay Votes Have Not Reduced CEO Pay
    3. We consistently find evidence that supports the argument that compensation consultants are hired to justify higher CEO pay to the board, shareholders, and other stakeholders.
      In How Compensation Consultants Use Data to Ratchet up Pay of CEOs