KIM: High time to sharpen executive pay clawbacks
There is little agreement on how to make management financially accountable for its actions and decisions.
executive pay
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There’s another side to exec pay debate
Many executive leaders do not pay themselves enough in relation to the market, other employees, and the very demanding job they are committed to 24 hours a day, seven days a week.
PROXY CORNER: Endocyte Inc.
Endocyte Inc., 3000 Kent Ave., Suite A1-100, West Lafayette 47906, is a biopharmaceutical company developing therapies for the treatment of cancer and inflammatory diseases.
Hospitals might limit executives’ pay hikes after run of big increases
Before local hospitals slashed staff and expenses last year, they had been boosting the pay packages of their top executives faster than hospitals around the country. Seven of every 10 senior executives at the major hospital systems in Indianapolis saw their total compensation rise more than 10 percent from 2010 to 2012.
Skarbeck: SEC turns up spotlight on pay for top brass
The Securities and Exchange Commission has proposed a rule that would require large public companies to disclose the total annual compensation of their CEO, the median annual compensation of all their employees (excluding the CEO), and the ratio between these two figures.
Citizens’ CEO grilled on pay in rate-increase hearing
State utility regulators kicked off a week-long hearing Monday on a proposed water rate increase for Indianapolis residents by putting the CEO of Citizens Energy Group on the hot seat.
Citizens Energy quizzed on exec pay levels
Citizens Energy Group has enjoyed a certain amount of public good will over the last 125 years as a not-for-profit, charitable trust. But rising incentive pay to the trust’s top brass recently has conjured up images of an investor-owned utility—and the scrutiny of regulators.
EDITORIAL: CEOs should buy their own perks
It’s no secret that CEOs of public companies make a lot of money.<br><br>And in general, they earn it: It takes talent, hard work and vision to oversee thousands of employees, answer to impatient shareholders, guard against competitive threats, and keep the trains running on time, particularly at behemoths like Eli Lilly and Co., WellPoint Inc., Cummins Inc. and Simon Property Group Inc.
Firms ladle trips, car allowances on top of rich pay packages
Senior executives at Indiana's public companies last year received, on average, more in perks than the typical Hoosier earned all year, IBJ found after reviewing Securities and Exchange Commission documents for more than 60 Indiana companies.
Lawsuit over Simon’s bonus may expose board’s mindset
The $120 million retention bonus that Simon Property Group Inc.’s board awarded David Simon two years ago has spawned a bitter legal battle in Delaware that promises to shed fascinating light on the inner workings of the board.
Emmis’ well-paid CEO signs on for 3 more years
CEO Jeff Smulyan's supporters praise him for repositioning Emmis during a harrowing stretch for the media industry. Detractors complain about his hefty compensation.
Citizens Energy CEO Lykins enjoys big pay boost
Citizens Energy Group—a not-for-profit, public charitable trust—doubled its size last year with its $1.9 billion purchase of the city’s water and sewer utilities last year. It also doubled the pay of CEO Carey Lykins.
SPECIAL REPORT: Stock-based pay builds wealth for Indiana execs
IBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted. If a company's stock price surges, executives can make out far better. (with searchable database)
Taxes from big incomes leaving Marion County
Despite the location of Simon Property Group’s tax-subsidized headquarters in Indianapolis, Marion County income tax coffers will see little impact from David Simon’s compensation.
Simon grossly overpaid
Having experienced a somewhat predictable rejection of the proposed compensation package for CEO David Simon, the board of Simon Property Group now will propose a lesser amount which, by comparison, will seem reasonable.
Typical CEO at public firm made $9.6M last year, study finds
Study that pegs Simon Property’s CEO as highest-paid finds executive compensation is soaring along with profit at public companies.
SKARBECK: Executive pay packages must reflect performance
When it comes to corporate governance, my firm has been roundly critical of the unending escalation in executive compensation.
Purdue University president to get 3.5-percent raise
Purdue University said Thursday the increase will boost President France Cordova’s salary by $15,750, bringing her annual base pay to $465,750.
Simon Property Group signs CEO to long-term contract
Indianapolis-based Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the largest U.S. mall owner for the next eight years—and give him a one-time award worth $120 million.
Total pay for executives surged in 2010
Total executive compensation at Indiana’s largest public companies continued to rise sharply coming out of the recession, even though many of them have yet to erase the red ink in their shareholders’ portfolios.