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CUTTING THE TIES FLEET, OTHER FIRMS LIKELY TO OVERHAUL THEIR BOARDS AMID GROWING CRIES FOR DIRECTOR INDEPENDENCE
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In May 2001, FleetBoston Financial Corp. chief executive Terrence
Murray resigned from the compensation committee of CVS Corp.'s board
of directors. A few weeks later, CVS chief executive Thomas Ryan,
already a Fleet director, joined that board's compensation committee.
Chad Gifford, meanwhile, who replaced Murray in January, sits on
the board of directors at NStar, whose chief executive, Thomas May,
also is a Fleet director and a compensation committee member.
And Gary Countrym...
Related newspaper, magazine, and journal articles from HighBeam Research
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Ex-Tyco CFO Says He Relied on Chief Executive; Directors Ratified Compensation, He Says
The Washington Post
; Tyco International Ltd.'s former finance director testified that he relied on assurances from chief executive L. Dennis Kozlowski that the company's board had approved huge bonus payouts. Mark H. Swartz took the witness stand in his own defense for the second day, following the decision earlier
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A brand-new balance sheet.(new-found success of Chief Executive magazine)
Folio: the Magazine for Magazine Management
; ... community, you should look at them, Evans says. They don't read us for news; they read us for ideas, says Donlon. We're never going to compete -- nor should we try to compete -- with a news publication. An 18-year veteran of Chief Executive, Donlon adds ...
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Business leaders share lessons Ann M. Drake, chief executive, DSC Logistics Inc.
Chicago Sun-Times
; John C. McCarthy president Continental Air Transport Bus service to Chicago airports from downtown and other locations. "Listen to the front-line employee, who's actually talking to the customer. Things can look real good on paper and not be real good." Anthony Spier chairman and chief executive
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Barnett Banks Doubles Chief Executive Officer's Pay.(Originated from St. Petersburg Times, Fla.)
Knight Ridder/Tribune Business News
; ... 1.7 million less than Rice's compensation. -- Information from Bloomberg News was used in this story. ----- ON THE INTERNET: Visit sptimes.com, the World ... St. Petersburg (Fla.) Times. Distributed by Knight-Ridder/Tribune Business News. BBI,
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Social, political, and economic determinants of chief executive compensation.
Journal of Managerial Issues
; For more than a decade, as pressures for managerial accountability have increased, researchers in a variety of disciplines have studied questions associated with the compensation of top level corporate executives. The battle between corporate reformers who would curb chief executive compensation
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Citigroup's cost for new chief executive tops $200 million
International Herald Tribune
; Citigroup's cost for new chief executive tops $200 million Byline: Eric Dash The New York Times Media Group Edition: 3 Section: FINANCE/BUSINESS Call him Citigroup's $200 million man. Vikram Pandit was paid more than that for taking over as chief executive of the embattled bank. He received about
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Corus picks replacement chief executive
The Sunday Telegraph London
; CORUS, the Anglo-Dutch steel company, has appointed a Frenchman, Philippe Varin, 50, as chief executive. He replaces Tony Pedder, who was ousted last month after the Dutch vetoed the sale of the aluminium division to Pechiney, where Mr Varin was senior executive vice-president before joining Corus.
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Stephen Green fills chief executive role at HSBC Movers and Shakers
The Sunday Telegraph London
; STEPHEN Green, 54, director in charge of corporate and investment banking and markets at HSBC, succeeds chief executive Sir Keith Whitson, 59, who is retiring after 42 years' service on May 30. Alan Jebson, information technology director, steps up to become chief operating officer. THE Bank of
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Rethinking the compensation committee
Chief Executive
; If there is one area where boards are going to be criticized in the next year-and with considerable justification-it will be in the way they handle executive compensation. In some cases, executive compensation has gotten completely out of hand. Payments to the CEO sometimes run into tensand even
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 "Charlotte Observer (Charlotte, NC )")
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Wachovia's Chief Executive Received $5.25 Million Bonus in 2003.
Charlotte Observer (Charlotte, NC )
; ... comply with federal and state laws. To see more of The Charlotte Observer, or to subscribe to the newspaper, go to http://www.charlotte.com. (c) 2004, The Charlotte Observer, N.C. Distributed by Knight Ridder/Tribune Business News. TICKER SYMBOL(S): WB
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