The Securities and Exchange Commission is considering new rules and regulations for compensation claw back policies. If the proposal is adopted, it will implement specific requirements from the Dodd-Frank Wall Street Reform and Consumer Protection Act, where companies listed with national securities exchanges and associations will have to develop and ...
Tag: executive compensation
July 2, 2015Philip Gordon
The salaries of top executives at Fannie Mae and Freddie Mac are under attack with the introduction of a new Congressional bill. Rep. Ed Royce, R-Calif., is sponsoring legislation that would potentially cap executive salaries within these two companies, making them comparable to the salaries of officials within the government’s ...
May 8, 2015Philip Gordon
New legislation has been proposed that would increase the minimum salary basis level that employers need to pay as part of the requirements to avoid the overtime rules. Workers classified as executive, administrative or professional employees would have their weekly minimum pay more than doubled, and the floor for highly-compensated ...
June 23, 2014Philip Gordon
1) Companies are shifting towards long term, multi-year goals, and executive compensation is following suit, often setting compensation based upon long term success metrics. 2) Executive Compensation is varied. It often consists of a combination of salary, bonuses, equity, benefits, and other perks, and it typically based on company performance, length ...
April 27, 2014Philip Gordon
Know your value — Start by gathering data. What are other executives paid, in your own industry and your own company? How has your company performed, compared to your industry peers as well as you own benchmarks? How have you performed? Are their particular compensation trends impacting your position? If ...
February 20, 2014Philip Gordon
ISS (International Shareholder Services Inc.) has released its 2014 U.S. Policy updates, with a modification to the executive compensation section, changing the methodology of how they calculate the Relative Degree of Alignment (RDA). The RDA evaluates executive pay and performance relative to peers. Under the revised methodology, ISS will calculate ...
February 8, 2014Philip Gordon
The First Circuit has ruled that corporate officers may be held personally liable for a corporation’s failure to pay to pay its employees proper wages under the Fair Labor Standards Act (“FLSA”). While the district courts in the First Circuit have been willing to impose personal liability on corporate ...
July 7, 2007Philip Gordon
Managing Partner Philip Gordon was a guest on WBIX-AM’s “Money Matters” Show with host Barry Armstrong, on September 8, 2006. The segment discussed Massachusetts Wage and Labor Law and a bill designed to protect workers employers who withhold wages, salaries and benefits, and protect law-abiding business from the resulting unfair ...
September 8, 2006Philip Gordon