In anyone has need of more information, Mr. Carl Icahn has posted his own blog and website regarding Corporate Governance and CEO compensation.
For those who do not know him, he is a very successful businessman, and investor.
He is quite passionate about the subject, and his information is always current and interesting.
22 July 2008
To all my fellow classmates
This is beyond being very late. I just re-visited my blog for the first time since school was over. I have not been here in months.
Congratulations to all!!!!!!!! It was a long road at the time, but now feels like it was a short journey.The reason for that is probably that we worked so well together. The collaboration and assistance shared would be hard to match anywhere.
Everyone should be proud for completing this task, and on our timeline, not theirs!
Bill
Congratulations to all!!!!!!!! It was a long road at the time, but now feels like it was a short journey.The reason for that is probably that we worked so well together. The collaboration and assistance shared would be hard to match anywhere.
Everyone should be proud for completing this task, and on our timeline, not theirs!
Bill
07 March 2008
More CEO's under Government Scrutiny
As reported in today's Wall Street Journal, The House Committee on Oversight and Government reform are questioning the pay packages of three corporation's executives. The companies involved are Countrywide Financial Corporation, Merrill Lynch & Co. and Citigroup Inc.
This hearing on executive compensation has come about due to the mortgage market shakeout and the foreclosures happening nationwide.
The report depicts as excessive the compensation received by the executives of all three firms, but it's major concentration today was on Mr. Angelo Mozillo, the founder of Countrywide.
In 2006, Mr. Mozillo collected compensation of about $42 million dollars. Stock options exercised between November of 2006 and the end of 2007 netted him another $1.5 billion dollars.
This hearing on executive compensation has come about due to the mortgage market shakeout and the foreclosures happening nationwide.
The report depicts as excessive the compensation received by the executives of all three firms, but it's major concentration today was on Mr. Angelo Mozillo, the founder of Countrywide.
In 2006, Mr. Mozillo collected compensation of about $42 million dollars. Stock options exercised between November of 2006 and the end of 2007 netted him another $1.5 billion dollars.
02 March 2008
CEO Compensation and Corporate Governance
I will be posting my Master's Thesis on CEO Compensation and Corporate Governance when final approval of the document arrives. It will be an important part of this blog site for anyone with interest in this topic.
28 February 2008
Frank + Ernest
| Artist: | Bob/Tom Thaves |
| Property: | Frank and Ernest |
| Caption: | CEO. I see you didn't get a "golden parachute". |
| Published On: | 2002-12-05 |
01 February 2008
International Implications and effects
The conversations, media, government and court attention are not confined to just our country. There are international implications as well.
Questions and comments welcome
After fairly extensive research, I would welcome, and will try to address queries for more and/ or specific data and information. the topic changes almost daily, but has become a hobby of mine at this point.
Trials,and jail time have begun to be issued in the last few weeks.
Feel free to click anywhere that shows comments at the bottom of the posts, and leave a comment or suggestion.
Trials,and jail time have begun to be issued in the last few weeks.
Feel free to click anywhere that shows comments at the bottom of the posts, and leave a comment or suggestion.
30 January 2008
Governance and Boards
There is a direct correlation between what has been occurring in the corporate world and how boards are or are not paying attention to management of the business they are responsible for.
24 January 2008
Litigation Issues in Corporate Governance
The Federal courts have been coming down hard on corporate cases of questionable nature as of late. Some prior executives are facing jail time, some have had to pay their companies back some income received and some are not even being allowed to be paid income earned.
23 January 2008
CEO Compensation
The subject of CEO compensation always surfaces when the topic of corporate governance comes up. How the board of directors, CEO and shareholders act and react to public pressure all differ.
Welcome to my site on corporate governance
This site is currently under construction. More information will be posted over the next few weeks. I am a graduate student at Cambridge College and wrote my thesis on corporate governance. My research brought me more information on the topic than I anticipated. Corporate governance has become a passion with me. There are arguments both for and against government intervention in the realm of executive pay packages.
President George W. Bush has said government should not interfere with executive pay packages. But he implosion of the likes of the Enron Corporation, World Com and Tyco in the early 2000's brought about the Sarbanes - Oxley Act of 2002, effectively bringing the government into the management, or at least the directing and legal issues regarding corporation management issues.
Some executives are being sentenced to jail as of Monday, January 28th, 2008. The CEO of Safenet was sentenced to 21 months in jail and fined $1 million dollars in a backdating scheme.
President George W. Bush has said government should not interfere with executive pay packages. But he implosion of the likes of the Enron Corporation, World Com and Tyco in the early 2000's brought about the Sarbanes - Oxley Act of 2002, effectively bringing the government into the management, or at least the directing and legal issues regarding corporation management issues.
Some executives are being sentenced to jail as of Monday, January 28th, 2008. The CEO of Safenet was sentenced to 21 months in jail and fined $1 million dollars in a backdating scheme.
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