Board members, CEOs differ on executive compensation issues.A Coopers & Lybrand survey of 500 directors of large corporations and 500 chief executive officers found the two groups in disagreement on a number of executive compensation issues.
Of the directors polled, 56% believe shareholders should have a greater influence on executive compensation. However, 59% of the CEOs are opposed to such a move.
A slight majority (53%) of the directors were opposed to a cap on executive compensation levels. By contrast, 69% of the CEOs were opposed to such a cap. However, 75% of both groups agreed that executive pay should be tied to company performance.
According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Janet Janet: see Clouet, Jean.
JANET - Joint Academic NETwork Fuersich, national director of compensation consulting at Coopers, "These differences will be a stumbling block stum·bling block
An obstacle or impediment.
any obstacle that prevents something from taking place or progressing
Noun 1. to developing a compensation program that satisfies executives, directors, employees, shareholders and regulators."
First-quarter call report data for the nation's 465 retail credit unions with assets exceeding $100 million were released on June June: see month. 16, 1992. An analysis by Veribanc, Inc., the bank rating company, shows the recovery that began last year in large credit unions is continuing.
Net income for the group rose to $405 million in the first quarter of 1992. On an annualized annualized
Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis, this would translate into a 40.1% increase over yearend 1991 levels. Problem loans were off 8.7% from the end of 1991, down to $790 milHon. Equity and loan loss reserves stood at $9.65 billion, up 2.9% from yearend 1991.
As with banks, however, the credit unions appear to have difficulty working off their real estate portfolios, which include foreclosed mortgages. Total real estate owned Real Estate Owned
Property owned by a lender - usually a bank - after an unsuccessful sale at a foreclosure auction. This is common because most of the properties up for sale at these auctions are worth less than the total amount owed to the bank: the minimum bid in most by the group rose to $125 million in the first quarter of 1992, a 12% increase from the end of 1991.