Executive Compensation 
Say-on-Pay Shareholder Votes Gain Momentum(1)
The number of so-called “say-on-pay” votes has increased from only 6 in 2008, when Aflac Inc. became the first to adopt the practice, and 19 in 2009.
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Bank of America Settles With SEC as NY AG Brings New Charges
Bank of America agreed to pay $150 million to settle a civil complaint brought by the Securities and Exchange Commisison in connection with its acquisition of Merrill Lynch in the midst of the 2008 financial crisis. Even as the SEC settlement was being announced, New York State Attorney General Andrew Cuomo announced a separate lawsuit against Bank of America
VIDEO:Morgan Stanley Chair Says Regulation Is #1 Issue
John Mack, Chairman of investment bank Morgan Stanley, says that in the wake of the global financial crisis of 2008-09, the number one issue for the financial industry is regulation. “We need to find some link to bring regulators around the world together, and a more systematized way of communicating and understanding risk,” Mack says. “We need to figure out a way that we have a systemic risk manager and make sure they have the resources to understand, monitor and help regulate our industry.”
PODCAST: The Failure of Corporate Boards and the Price We All Pay
If you’re one of the many trying to determine where blame might lie for the financial and economic crises of the last two years, John Gillespie would suggest you look in the corporate boardroom. Gillespie is co-author of a new book – Money for Nothing: How the Failure of Corporate Boards Is Ruining American Business and Costing Us Trillions – which is rich with unfortunate detail about the performance of corporate boards. Download a Business Ethics podcast featuring an interview with John Gillespie.
More in this category
- BOOKS: The Failure of Corporate Boards and the Price We All Pay
- VIDEO: Jon Stewart on Executive Bonuses & Taxpayer Money
- Financial Crisis Commission: Watch Out for Phil Angelides
- Opinion:10 Questions on Risk Management for the New Decade
- Financial Crisis: Can the Fed Be “Smarter and Better” Next Time?
- Figuring Executive Compensation: Obama Finds It Isn’t Easy