When most people make money, they have to pay the IRS its share. Not so for executives at many of America's largest companies. Thanks to a clever little perk called the tax gross-up, they get paid extra cash to cover the taxes on the rest of their oversized compensation packages.
Vote for the Stinkiest Disclosure of 2009
8:45 AM 12/30/2009
What corporations really don't want the public to know, they hide in the footnotes. But footnoted.org has combed through the SEC filings, and found 2009's most appalling examples of executive greed buried deep in the fine print. Read on, and then vote for the worst of the worst.
SEC Requires More Details on Executive Compensation
4:27 PM 12/18/2009
The Securities and Exchange Commission is changing how companies must disclose executive compensation. Corporations may now be forced to reveal more embarrassing details about how they reward the top dogs.
Surging mergers and acquisitions trigger a boom in investigations
4:00 PM 11/13/2009
Economy, Investing, Hewlett-Packard, Pfizer, Berkshire Hathaway
It's hard to ignore the fact that mergers-and-acquisitions activity has jumped dramatically recently. Although we're not even halfway through November, 214 deals have already been announced for a total deal value of $67.1 billion according to Thomson Reuters.
By far the biggest one was Berkshire...
Costco's corporate documents are models of simplicity
5:00 PM 10/31/2009
I've always been a big fan of the phrase "keep it simple, stupid," which apparently was created by a person who designed spy planes for a living. But keeping it simple is a lot easier to say than do when it comes to Securities & Exchange Commission filings. I know, because I've had to read...
New SEC website puts government agency into financial advice business
12:00 PM 10/23/2009
On the door of Mary Schapiro's office at the U.S. Securities & Exchange Commission in Washington, D.C. is a sign that asks, "How does it help investors?" It's meant to remind everyone who enters the office of the chairwoman (pictured) that whatever issue they've come to discuss better be...
Imagine seeing this headline one morning over breakfast: Treasury Secretary Tim Geithner to get a $2 million "signing bonus" and $1.6 million in additional annual salary. How many seconds would it take before your needed to pop your favorite brand of anti-anxiety medication?
The truth is that as...
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 some people are still doing well. Very well indeed. So who's in this group of outliers? Top executives at public companies. Later this week, The...
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