June 3, 2011
Say-on-Pay: 27th – 31st Failed Votes
– Broc Romanek, CompensationStandards.com
Last week, five more companies filed Form 8-Ks reporting failed say-on-pay votes: Constellation Energy (38%); Kilroy ReaIty (49%); Superior Energy (39%); Talbots (47%); and Weatherford International (44%). I keep maintaining our list of Form 8-Ks for failed SOPs in our “Say-on-Pay” Practice Area.
Internal Pay Disparity: S&P 500 CFO Pay Up 26%
Recently, Equilar released this report on CFO pay strategies in the S&P 500 finding that:
– Median total compensation for S&P 500 CFOs grew by 26.1% from 2009 to 2010. In 2010, median total compensation for S&P 500 CFOs was approximately $3.0 million, up from approximately $2.4 million in 2009.
– Median total bonus payouts for S&P 500 CFOs increased to $710,864 in 2010, up 32.7% from the 2009 median of $535,625.
– Healthcare CFOs received the most compensation, having a median total pay of $3.5 million in 2010.
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