New York State Senator Michael Ranzenhofer (R - Amherst) and Assemblywoman Monica Wallace (D - Lancaster) have introduced state legislation to curb the use of
golden parachutes for all state public authorities.
The Bill also requires enhanced disclosure
of golden parachute agreements in proxy materials relating to merger or other business combination or sale and requires a separate shareholder vote on the agreement.
Katz, who demanded the library's Board of Trustees snip the lines of the secret
golden parachute in Galante's contract, also told him she did not want to engage in a «back and forth» about the issue at the hearing.
Assemblywoman Monica Wallace plans to introduce a bill that would ban
golden parachutes as generous as the one that the Erie County Water Authority recently packed into a contract for its executive director.
She advises public and private companies on all aspects of executive compensation arrangements, including equity incentive programs,
golden parachute arrangements, performance incentive arrangements, severance programs, and nonqualified deferred compensation plans.
We assist with Section 409A compliance,
Golden Parachute planning, Section 162 (m) performance compensation planning and insurance programs such as corporate - owned life insurance (COLI) and bank - owned life insurance (BOLI) programs.
Please explain to me why it is my responsibility to pay for CEO
Golden Parachutes at Goldman Sachs and AIG?
The list of financial and efficiency burdens on companies are numerous and common place, and include the 5 - day work week, health and safety codes, and executive
golden parachute packages.
Former financial executives are hired to regulate their former colleagues and, when they leave for government, they're
given golden parachutes.
it is usually Corporations that do business in many states and that are big enough to worry
about golden parachute laws, etc..
It might seem like piling on, but the Buffalo Niagara Coalition for Open Government said it had started working on its report about public authority websites long before the recent reports of a so -
called Golden Parachute for the executive director of the Erie County Water Authority.
A state legislator intends to introduce a bill which would
ban golden parachutes as generous as the one that the Erie County Water Authority recently packed into a contract for its executive director.
Now that the market for electricity has turned down, corporations are trying to use the
secret golden parachute Ralph Klein gave them to bail out of unprofitable deals.
Paying down debt,
funding golden parachutes for departing executives and trimming back already limited staff didn't set well, either.
CEOs who pocketed huge bonuses, or floated away on
golden parachutes amid mass layoffs and cutbacks, were provoking.
It started in 1984, when the tax code was amended to
limit golden parachutes to less than three times an executive's salary and bonus.
For the third year in a row, the AFL - CIO, which represents labor unions and invests on their behalf, has submitted a shareholder proposal on J.P. Morgan's proxy ballot calling for the bank to end what the group calls a «Government
Service Golden Parachute.»
SAN FRANCISCO — The proxy is in, and we've just found out the
big golden parachute winners from Yahoo's $ 4.8 billion deal to sell its core assets to Verizon.
SPRINGFIELD - State Senator Tom Cullerton is working with the Better Government Association to put a stop to
bloated golden parachutes for failed state employees.
Obama wants firms that accept «extraordinary assistance» from the government to cap annual pay at $ 500,000, disclose pay to shareholders for a non-binding vote, claw back bonuses of corporate officials who provide misleading information,
eliminate golden parachutes for those terminated and adopt board policies for luxuries such as entertainment and jets.
We are disappointed that the current Board seems to be more interested in entrenching itself by means of
implementing golden parachutes and a poison pill, actions that we believe are detrimental to the creation of value at Avigen.
Statements of all other employment benefits such as stock options, incentive, cash balance or
golden parachute plans.
To get a qualified person there's no need for this kind
of golden parachute, to lure someone into the job, «Wallace said.
The News reported that the head of the taxpayer - funded system earns $ 392,000 plus lavish perks including a sports car and a secret $ 2 million
golden parachute in his contract.
The board was accused of handing its executive director a lucrative severance package at the beginning of the year — a so -
called Golden Parachute should he be pushed out by the new Democratic - controlled leadership team.
We have grown increasingly dismayed that Avigen's Board and management team, who collectively own little stock, have wasted money
on golden parachutes, multiple investment bankers, consultants and lawyers.
I have never / will NEVER veat at chik - fil - a; I haven't worshipped in a «christian», and / or, intolerant.monotheist — christin setting since 1965, which translates into an estimated $ 25 - 50K that have avoided the bishop's bail / civil punitive damages - slush funds... Not to mention Wee.Timmy Cardinal Dolan's «
golden parachutes for clerical - child molesters, w / o law enforcement notification» crime (s)!
«You are all being royally screwed over,» Gekko said, «by these bureaucrats with steak lunches, their hunting trips and corporate jets and
golden parachutes!»
He had worked hard to boost TBS's value to $ 30 a share and wanted
a golden parachute.
Previously, the organization filed similar 2015 proposals at Citi and Morgan Stanley to address their «
golden parachutes» for entering government service, Corzo told me.
Unless you have
a golden parachute, you can't afford to just check boxes.
For Dauman, who has been blamed for many of Viacom's troubles, and Dooley, who has been waiting in the wings,
a golden parachute does not seem like a terrible way to fly away from Redstone's mess.
For those in Corporate America, when that spending is devoted to mergers and acquisitions, it can result in a much larger domain and all that comes with it, usually stock options, restricted stock, higher salary, bonuses, pension benefits, and, perhaps, even
a golden parachute.
She joined the Investor Responsibility Research Center (IRRC) in 1999 and served as an expert on labor shareholder activism, writing reports on labor fund activism, executive compensation shareholder proposals and
golden parachutes.