COMPENSATION

Schering-Plough CEO's pay falls 34 percent in 2008

Schering-Plough Corp. Chief Executive Fred Hassan's compensation slipped 34 percent in 2008, mainly due to a decline in stock-based awards as the company's share price fell, according to an Associated Press analysis of data filed with regulators Monday.

TJX's CEO got compensation valued at $6.85M

Discount retailer TJX Cos. Chief Executive and President Carol Meyrowitz received compensation valued at $6.85 million last year, up 15 percent compared with the previous year, according to an Associated Press calculation of figures disclosed in a regulatory filing Monday.

Staples CEO's compensation falls in 2008

As office supply retailer Staples Inc.'s profit fell in 2008, CEO Ronald L. Sargent's compensation fell 58 percent to $12.6 million, less than half of what he received the year before, according to Associated Press calculations based on a regulatory filing on Monday.

Continental CEO's comp fell to about $5 million

The chief executive of Continental Airlines Inc. got compensation the company valued at nearly $5 million in 2008, down 17.1 percent from the year before, according to analysis of a regulatory filing Friday.

CarMax CEO gets comp of $2.96M in fiscal 2009

The chief executive of auto retailer CarMax Inc., Tom Folliard, received a compensation package valued at more than $2.96 million for fiscal 2009, according to an Associated Press analysis of figures in a regulatory filing.

Raytheon CEO's pay package rises 6 percent in 2008

The compensation package for Raytheon Co.'s chief executive rose 6 percent during 2008, according to an Associated Press calculation of figures in a Securities and Exchange Commission filing Friday.

King Pharma CEO's pay falls by nearly half in 2008

King Pharmaceuticals Inc. in 2008 paid its chief executive a little more than half his compensation from the previous year, largely because of a decline in stock and options awards, according to an Associated Press analysis of a regulatory filing.

Ingersoll-Rand CEO's bonus halved amid recession

Ingersoll-Rand Co. Chairman and Chief Executive Herbert L. Henkel received 2008 compensation valued at $11.4 million, up about 7 percent year-over-year, according to Associated Press calculations of data filed with regulators Wednesday.

Aetna CEO gets 2008 pay package worth $17.4M

The chief executive of health insurer Aetna Inc. received compensation valued at $17.4 million, according to an Associated Press calculation of figures disclosed in a proxy statement filed Wednesday with the Securities and Exchange Commission.

Chesapeake Energy CEO gets $112.5M pay in 2008

Aubrey McClendon, the CEO of Chesapeake Energy Corp. who was forced to sell almost all his equity holdings in the company in October to cover a margin loan call, was given a huge incentive award at the end of 2008 that boosted his total compensation for the year to $112.5 million, according to an Associated Press analysis of data filed with regulators. That's more than four times higher than his pay package a year earlier.

Caterpillar CEO's pay down slightly in 2008

Caterpillar Inc. Chairman and Chief Executive James W. Owens received 2008 compensation valued at $14.6 million, down about 1 percent from the previous year, according to an Associated Press calculation of figures filed with regulators Tuesday.

Wal-Mart's former CEO received $7.93M in 2008

Lee Scott, who retired as the president and CEO of Wal-Mart Stores Inc. effective Jan. 31, 2009, received compensation valued at $7.93 million in 2008, down 73 percent from the previous year, according to an Associated Press calculation of figures disclosed in a regulatory filing late Monday.

DirecTV CEO gets 2008 pay of $6.2M, down 77 pct.

The chief executive of DirecTV Group Inc., the nation's largest satellite TV provider, received a pay package worth $6.2 million last year, down 77 percent from his 2007 compensation, according an analysis of a regulatory filing by The Associated Press.

AP: Viacom CEO compensation $28M in 2008

Viacom Inc., the media conglomerate controlled by billionaire Sumner Redstone, awarded compensation in 2008 to Chief Executive Philippe Dauman valued by The Associated Press at $27.9 million, up 7 percent from a year ago, a securities filing showed Friday.

Amazon CEO Bezos' compensation unchanged in 2008

Amazon.com Inc.'s chief executive and founder, Jeff Bezos, received compensation of $1.3 million in 2008, the same as the previous year, according to an Associated Press analysis of a regulatory filing Friday.

XTO's ex-CEO Simpson earns 5 percent less in 2008

XTO Energy Inc.'s chief executive earned $53.5 million in 2008, down 5 percent from the year before, according to an Associated Press calculation of figures disclosed in a regulatory filing made Friday with the Securities and Exchange Commission.

McDonald's CEO gets $13.6M in 2008, up 70 pct

Chief Executive Jim Skinner of McDonald's Corp., one of only two Dow companies whose stock rose in 2008, got a 70 percent boost in his compensation in 2008, according to an Associated Press analysis of a Securities and Exchange Commission filing Friday.

All Minn. bridge victims accept state settlements

The state of Minnesota closed a chapter on the Interstate 35W bridge collapse on Thursday by reaching final settlements with all 179 eligible victims of the disaster in downtown Minneapolis two years ago.

Dean Foods CEO Engles receives $9.8M in 2008 pay

Food and dairy company Dean Foods Co. Chief Executive Gregg L. Engles received compensation valued at $9.8 million in 2008, 6 percent more than he earned in 2007, according to an Associated Press analysis of a regulatory filing on Wednesday.

Value of Big Lots CEO compensation rises in 2008

The head of closeout retailer Big Lots Inc. received compensation valued at $9.9 million in 2008, up 5.7 percent year-over-year, according to Associated Press calculations of data filed with regulators Tuesday.

Juniper CEO compensation package $36.1M in 2008

Juniper Networks Inc. Chief Executive Kevin Johnson received a compensation package for 2008 valued at $36.1 million, according to an Associated Press analysis of figures released in a filing last week. Much of Johnson's pay, however, came in the form of stock options that are of little value with Juniper's share price in a slump.

Massey Energy CEO's compensation drops 17 percent

The chairman and chief executive of coal miner Massey Energy Co. received compensation valued at $19.7 million in 2008, a 17 percent decrease from the previous year, according to an Associated Press analysis of data filed with regulators Tuesday.

Exxon Mobil CEO gets $23.9 million in 2008 pay

Exxon Mobil Corp., which set annual profit records in each of the last two years, rewarded its chief executive with a 10 percent raise that brought his total compensation to $23.9 million in 2008, according to an Associated Press analysis of a regulatory filing.

Leucadia CEO got pay package of $1.1M in 2008

Leucadia National Corp.'s chairman and chief executive received compensation valued at $1.1 million in 2008, down 5 percent from the previous year, according to an Associated Press analysis of figures disclosed in a regulatory filing.

Novellus CEO 2008 compensation falls 78 percent

The chairman and chief executive of Novellus Systems Inc. received compensation valued at $928,769 in 2008, a 78 percent decline for a year that the chip manufacturing equipment maker said offered "unprecedented challenges."

Tea Parties...This Is Just the Beginning
Source: The New Media Journal Headline News

The over reach of this administration and president continues in bold Technicolor.

Crisis Altering Wall Street as Big Banks Lose Top Talent
Source: The New York Times

As Washington cracks down on compensation and tightens regulation of banks, a brain drain is occurring at some of the biggest ones.

Obama Says the US Is Arrogant and Apologies Are Owed...
Source: The New Media Journal Headline News

Charles Krauthammer said it best and covered the bottom line on Fox News recently when he stated: "He steps all over America and gets nothing for it."

Rights court fines Poland over woman held in drunk tank
Source: expatica.com

The European Court of Human Rights in Strasbourg ruled Tuesday that a woman who was held in a Polish sobering up centre and humiliated after a row with a taxi driver had been the victim of degrading treatment.

Is Merit Pay a Distraction in the Fight for Meaningful Education Reform?
Source: prospect.org

Merit pay is the hot topic in education policy. But the history of American education reform suggests we should be skeptical of single-faceted solutions to multifaceted problems.

GM's Rick Wagoner Drives Away with $20M Retirement
Source: ABC News

Critic Calls Multi-Million Package "Perfect Example" of Frustration with Industry

HR1586 Sleight of Hand
Source: The New Media Journal Headline News

The bonuses of the big bad evil banking industry must not only be minimized, maligned and shamed but our Government must tax the workers 90% of what they receive after $250,000. They'll get what's coming to them I tell you! Recently Rep. Barney Frank and US Sen.

Bank of America May Raise Investment Banker Salaries
Source: Bloomberg.com

Bank of America Corp. plans to increase some investment bankers' salaries by as much as 70 percent following the takeover earlier this year of Merrill Lynch & Co., people familiar with the proposal said.

FFox's Carlson repeated executive pay claim that Gibbs told her was false the day before
Source: Media Matters for America

Summary: Fox & Friends' Gretchen Carlson falsely claimed that the Obama administration advocates regulating "executive pay at any financial institution." In fact, restrictions on employee compensation would be placed only on "financial institutions that are receiving government a …

What to do after a car accident

If you are unfortunate enough to suffer an injury in a car accident then we are here to help you get back on the road.

The Financial Crisis and a Flaw in Corporate Capitalism
Source:

For practical reasons, day-to-day control over publicly traded corporations is placed in the hands of company managers rather than the shareholders who own the company.

Nothing Can Be Done About It !

Yes indeed, if you have a former employer and they choose to inform anyone they like about your medical history and you will file a Workman's compensation claim against them if they hire you, there's nothing you can do about it.

Do night shifts cause breast cancer?
Source: Guardian Unlimited

Could "the graveyard shift" be more than a figure of speech? The Danish government certainly thinks so. It has just begun to award compensation to women who have developed breast cancer after years of working night shifts - such as flight attendants and nurses.

Abu Qatada and eight other terror detainees awarded compensation by European judges
Source: Telegraph

Yo, it ain't all about blowing up infidels. Sometimes it's about the quid. European judges yesterday awarded Abu Qatada and eight other terror detainees thousands of pounds in compensation despite accepting that they were held because of a public emergency.

Golden Coffins Make CEOs modern day Pharaohs
Source: Consumerist

Have these CEOs ever heard of Life Insurance. Severance packages for the dead King Tut must be rolling in his sarcophagus

Dozens of California Senate staffers get little-known pay sweetener
Source: The Sacramento Bee

Dozens of California Senate employees have their pay padded by a combined total of several hundred thousand dollars a year through a little-known method not disclosed publicly as salaries.

The Federation will be limiting your pay...

Wait, before the hand basket to hell leaves the station, consider this: Is limiting the pay of executives (lets start with those whose companies accept TARP and other government bail out strategies) ever a good thing? Probably not.

Commentary: Government shouldn't decide executive pay - CNN.com
Source: CNN

I don't think this is the answer, although it is an understandable reaction. It's arbitrary: Why not $400,000 or $600,000? It's incomplete. It only applies to institutions that will receive more government assistance going forward.

No More Than The President Of The United States
Source: The Dealbreaker

President Obama and Sen Clair McCaskill (D - MO) have decided that, not only is it unseemly for top-level CEOs of corporations to fly around in Corp Execujets, but they're getting paid WAY too much what with those bonuses of ten or twenty million.

U.S. Plans to Curb Executive Pay for Bailout Recipients
Source: The New York Times

The Obama administration is expected to impose a cap of $500,000 on the compensation of executives at companies that receive large new infusions of federal bailout money.

An Educational Leader who Doesn't Demand a Lot of Salary....
Source: The Denver Post

Denver Public Schools may have gotten lucky one last time when the board hired a wealthy, altruistic superintendent willing to work below market value.

Tax Plutocrats to restrain their pay
Source:

Those of us who have been around since the 1930s and '40s remember the Eisenhower years, when the top marginal rate of federal income taxation for married couples was 91 percent, and it kicked in at taxable income of $2.7 million in 2006 dollars.

Church seeks change to child abuse claim limits
Source: abc.net.au

The Queensland Government says it is not planning to relax time limits on compensation claims for victims of child sexual abuse.

Man forced to cover Arabic T-shirt gets $US240k
Source: abc.net.au

An airline passenger forced to cover his T-shirt because it displayed Arabic script has been awarded $US240,000 ($336,967) in compensation, campaigners said.

Digby: Carolyn Maloney for N.Y.'s Senate seat
Source: Salon.com

While Digby notes, humbly, that she's not a New Yorker and has no standing in this contest (of course, only Gov. David Paterson does), she makes a strong case for Maloney as the best candidate for the job.