May 2, 2012
Re "Tuition costs prompt hunger strikes," April 29 California State University spokesman Mike Uhlenkamp says the students planning hunger strikes to protest excessive executive compensation don't understand the issues. It is the university that seems not to understand the issues. I am a Cal State faculty member, and as such it is important to me that people understand that the university leadership does not represent the thousands of faculty and staff of Cal State. We stand with the students against excessive executive compensation.
June 30, 1999 |
Three top SunAmerica Inc. executives received $120 million in compensation last year and ranked among the six highest-paid insurance executives nationally, according to a survey by the Insurance Forum, an industry newsletter. Los Angeles-based SunAmerica was merged into American International Group Inc. on Jan. 1. AIG Chairman Maurice R. Greenberg was the seventh-highest-paid executive last year, with a total compensation of $21.5 million, the newsletter said. Editor Joseph M.
CALIFORNIA | LOCAL
January 23, 2014 |
SAN FRANCISCO - The UC regents on Thursday hired an executive of a Canadian investment fund to be the chief manager of the university system's $82 billion in endowment and pension investments and will pay him more than $1 million a year if he achieves good returns. Although that pay package triggered little public discussion, the salary for another new executive hire attracted more opposition at the regents meeting here. Some regents opposed the $450,000-a-year salary for Claude Steele, who is becoming UC Berkeley's provost and second-in-command.
November 10, 2004 |
Walt Disney Co. directors rejected Michael Ovitz's request for a $50-million signing bonus as part of his 1995 agreement to join the company as its second in command, an executive compensation expert testified Tuesday. Graef "Bud" Crystal, who advised Disney's board about executives' pay packages starting in 1984, told Delaware Chancery Court Judge William B.
December 24, 2003 |
Delta Air Lines Inc. is canceling executive bonuses for this year and reconsidering its compensation program for high-ranking officials as it works to allay lingering employee resentment over lavish pay and perks for top executives. The moves come as the airline seeks salary cuts from its pilots. Incoming Chief Executive Gerald Grinstein said in a memo to Delta employees that he realized executive compensation was a controversial issue at the company.
January 12, 2002 |
Polaroid Corp. has withdrawn a controversial executive compensation plan from the agenda of a bankruptcy court hearing Tuesday and said it's reworking the plan after criticism from retirees and workers. Polaroid had indicated it would revise the plan after a bankruptcy judge postponed consideration of all but $1.55 million in payments during a December hearing. The original package could have provided more than $5 million to top executives.
August 12, 2005 |
Securities and Exchange Commission Chairman Christopher Cox said investors should have better access to data on executive pay packages so they could make comparisons among companies.
June 14, 2012
Re "School posts may be tough to fill," June 11 Regarding the search to replace three chancellors of public colleges and universities, The Times quotes Scott Himelstein, president of the community colleges Board of Governors, as saying, "I think the governor and Legislature are very clear in not wanting to consider any raises in executive compensation. " It's a great sentiment but I have zero confidence that it will happen. There will be extensive national searches, and when the final candidates are selected, the public statements will say that the salaries offered were justified and necessary to attract the best person for each of these exceedingly difficult and complex positions.
March 1, 2004 |
A year ago, SBC Communications Inc. successfully blocked shareholder resolutions that sought to link executive pay to performance, arguing that the measures would scare away talent and hurt the telecom giant's competitiveness. SBC has since changed its mind and is implementing a new executive compensation system. One reason for the change: independent board director James Henderson. Henderson, the new head of the board's executive compensation committee, decided that shareholders had a point.
November 28, 2004
Regarding "CalPERS to Urge Curbs in Execs' Pay," Nov. 16: It is heartening to have the board of the California Public Employees' Retirement System take an aggressive step to control excessive executive compensation. Its decision to invest in companies that have superior pay-for-performance practices provides a good model that one hopes will be emulated by other boards of directors. This is a proactive way to address the widening pay gap in our nation's corporations, which in many cases has reached scandalous proportions.