corporate governance

Average Joe CEO Made $9.6 Million in 2011

Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by the AP using data from Equilar, an executive pay research firm.

Is This Company Prepared for the Worst? (Probably Not)

Every investor should be asking their portfolio companies what succession plans they have to replace their CEOs in the event of a tragedy like that which befell Micron Technology CEO Steve Appleton last week. Because unfortunately, many companies don't have any plan at all.

The Most Ethical Business in the World Is ...

Earlier this year, Ethisphere published its fifth annual list of the World's Most Ethical Companies. You'll be interested in which ones made the top of the list -- Best Buy, Starbucks, American Express, Target, General Electric -- but what's more important is how.

CalPERS, Apple Spar Over Governance Policy

U.S. pension fund giant CalPER has submitted a shareholder proposal -- calling on Apple investors to approve a policy, requiring the computer company's directors to win at least a majority of votes to retain their board seat.

New Year Hurdles: Top 10 Challenges for CEOs in 2011

With the recession over -- in a sense, anyway -- some CEOs are just happy to still be standing. After three years of turmoil, there's even cautious optimism about the year ahead. But for those whose job is to steer a company to profits and growth, there are plenty of worries ahead. Here's our list of top CEO challenges for 2011.

Fewer CEOs Headed for the Exit in October

The number of chief executive officers leaving their posts in October fell to its lowest level in 18 months, according to a new report released today. The drop seems to show that the volatile job market, at least among corporate chiefs, appears to be stabilizing.

Asia Leads the IPO Race as U.S. Drops Further Back

Over the last 11 years, Asia's IPO market has ascended while the U.S. market has imploded. Led by China, which has raised $76 billion through IPOs in 2010, Asia's share of global IPOs has increased from 12% in 1999 to 66%. Meanwhile, U.S. IPOs have declined from around 44% to 11% during the same time period, according to Bloomberg.

Why Are So Many Board Members Becoming CEOs?

The number of Fortune 1,000 board members who have been tapped to lead the companies whose boards they served on has more than tripled in the past 12 months. The reason is poor succession planning, and the results may be problematic both for those businesses and the corporate world at large.

Economist Joseph Stiglitz: Put Corporate Crooks in Jail

In an interview, the Nobel Prize winning economist decries the institutionalized system of skewed incentives that allowed Wall Street bankers and other corporate execs to gamble with the country's wealth, and then get away largely scot-free. What happened to "with justice for all," he asks.

Corporate Charlatans: Seven Signs Your CEO Could Be Lying

How can you tell if a CEO is lying? Stanford researchers have sifted through thousands of corporate conference-call transcripts to come up with some telltale signs that chief executives may be exaggerating their companies' prospects.

Walgreen CFO Charged with Drunk Driving ... Again

Walgreen Chief Financial Officer Wade Miquelon was arrested on drunk driving charges last month -- his second such arrest in a little more than a year. The drugstore chain calls it a personal matter, but when it comes to executives, when does personal irresponsibility become a corporate problem?

Occidental CEO's Bloated Pay Prompts Shareholder Fight

Two large institutional investors are none too happy about the $50 million Occidental Petroleum's CEO made last year, so Relational Investors and CalSTRS are launching a fight to take over four of 13 seats on the oil and gas company's board.

Does Your Socially Responsible ETF Include Haliburton?

Investors wanting their portfolio to support their values can now choose socially responsible ETFs. But buyer beware -- depending on the index they track, these funds may include companies like Transocean and Haliburton, of the Gulf oil spill fame.

Don't Expect Barnes & Noble's Pop to Last

Thanks to a surprise move by activist investor Ron Burkle, shares of Barnes & Noble had an unusually exciting day on Tuesday Feb. 2, running up to as high as $21 a share from the previous day's closing price of $18. But don't be fooled. The upswing isn't likely to last long.

CEOs continue to rake in the cash

If your dwindling paycheck has you feeling a bit gloomy these days as you struggle to make ends meet, you can always take comfort in knowing that...

AIG directors abandon ship

When the going gets tough, the tough get going. That's true in life and in troubled corporations, such as American International Group Inc. (AIG).

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