We are excited to announce that SEC Chair Mary Schapiro will open the second day of our annual package of executive pay conferences to be held on November 1st-2nd in San Francisco and by video webcast: “Tackling Your 2012 Compensation Disclosures: 6th Annual Proxy Disclosure Conference” and “The Say-on-Pay Workshop Conference: 8th Annual Executive Compensation Conference.” Save by registering by June 24th at our early-bird discount rates. Note this early-bird discount will not be extended.
For those attending, take a moment to RSVP on this LinkedIn Event – in the upper right corner – so your friends can know you are going…
Say-on-Pay: 27th – 31st Failed Votes
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 CompensationStandards.com’s “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.
Our June Eminders is Posted!
– Broc Romanek