'Paris Maligned 3' reviews #oil & #gas🛢️companies & finds they’re not aligned with Paris climate goals, based on 6 key metrics:
-#Methane (new),
-Investment Options,
-Recent Project Sanctions,
-Production Plans,
-#Emissions Targets,
-#ExecPay,
https://buff.ly/tI1ukBF

📢 Asset owners, asset managers, & proxy advisors should engage with O&G companies in their portfolios to demand more clarity on #ExecPay & have their “say on pay” during the 2025 #AGM season https://carbontracker.org/reports/crude-intentions-3/

⏳The vesting periods of most #ExecPay equity awards continued to span just 3 years, despite assets taking up to 10 years to develop & producing 🛢️ for decades - a near universal mismatch https://carbontracker.org/reports/crude-intentions-3/

Our new report on #ExecPay: 'Crude Intentions III' by Said Ashrafkhanov finds - from a universe of 30 of the world’s largest #oil & #gas🛢️producers:

❌ all 10 national oil companies (NOCs) failed to sufficiently disclose their #ExecutivePay 💵 plans https://buff.ly/v1EkDMB

"Interesting to note that the Mozilla CEO earned nearly as much ($5.6 M) as Mozilla received in donations ($7 M)."

#BryanLunduke, 2023

https://lunduke.locals.com/post/4387539/firefox-money-investigating-the-bizarre-finances-of-mozilla

Since I'm referencing Lunduke, the obligatory disclaimer;

I don't know Bryan, except by his writing on Open Source. I have strong disagreements with him about politics, dating from his concern trolling about RiseUp.net getting funding for Free Code software projects.

But even a stopped clock is right twice a day.

#Mozilla #ExecPay

After the video of the 'pity city' CEO went viral, here's a clue about why bosses can be so out of touch: the growing CEO-to-worker pay ratio.

https://www.marketwatch.com/story/why-can-bosses-seem-so-out-of-touch-the-growing-ceo-to-worker-pay-gap-may-offer-a-clue-532978ba

#badbosses #execpay #executivecompensation #work #workplace #culture

ISS has recommended shareholders support this year’s Say-on-Pay proposal at Apple $AAPL after last year’s recommended vote against. Tim Cook requested his target total comp be reduced 40% from ‘22 target.
#CorpGov #ExecPay #CEOpay
https://www.reuters.com/technology/iss-urges-apple-shareholders-vote-ceo-tim-cook-other-execs-pay-packages-2023-02-18/

With almost 62% support, the shareholder proposal requiring prior shareholder approval of termination payments > 2.99x salary at Becton, Dickinson’s AGM passes $BDX #CorpGov #ExecPay #CEOpay

https://www.sec.gov/Archives/edgar/data/10795/0000010795-23-000015-index.html

“On January 24, 2023, [AIG] terminated Mark D. Lyons from his position as Interim [CFO], Global Chief Actuary and Head of Portfolio Management of the Company, after [AIG] became aware that he violated his confidentiality/non-disclosure obligations...”
“In recognition of [his] contributions… the Company has agreed to pay Mr. Lyons an aggregate cash amount of $7.5 million”
#CorpGov #ExecPay
https://www.sec.gov/ix?doc=/Archives/edgar/data/5272/000095010323001387/dp187861_8k.htm

Apple released their 2023 proxy today: “Mr. Cook’s 2023 target total compensation is $49 million, a reduction of over 40% from his 2022 target total compensation” in response to last year’s ~64% Say-on-Pay vote
#CorpGov #ExecPay #CEOpay $AAPL https://www.sec.gov/Archives/edgar/data/320193/000130817923000019/laap2023_def14a.htm

Shareholders reject $UNFI's restated equity incentive plan #CorpGov #ExecPay #CEOpay

https://www.sec.gov/Archives/edgar/data/1020859/0001020859-23-000002-index.html

Annual salary of $1.3m. Former USFD CEO had only just eclipsed the $1m mark last FY. Flitman was making $1.05 at BLDR #ExecPay #CEOpay

Sysco $SYY shareholder meeting results:
- 36% opposition to Say-on-Pay
- #plastic packaging shareholder proposal = 92% support (although, to be expected as board made no rec and noted they would substantially implement the proposal)
#CorpGov #ExecPay #CEOpay #ESG

4 (former) top #Twitter executives to receive ~$141 Million golden parachutes #CorpGov #ExecPay #CEOpay $TWTR https://www.forbes.com/sites/brianbushard/2022/10/28/twitters-golden-parachutes-fired-twitter-execs-may-receive-141-million-reports-say/

Christopher Viehbacher named CEO of Biogen, starting Monday. Founded the Cambridge-based life sciences PE firm Gurnet Point Capital in 2015. Base salary of $1.6m, $16.8m in PSUs (grant date target value) $BIIB #CorpGov #ExecPay #CEOpay