Publié le 03/08/2009 par Pierre F. de Ravel d'Esclapon
Paul Krugman,ever the populist,has now jumped into the Hall fray ( read Rewarding Bad Actors NYT Aug.2,2009 ).In his editorial,Professor Krugman fires a broadside against Goldman Sachs’high frequency derived profits and against Mr.Hall.Arguendo,one might find high frequency trading to be reprehensible because those with higher speed computers are said to have an unfair advantage over [...]
Archivé sous: Editorial, Executive compensation, Gouvernance d'entreprise, Opinions, Remuneration des dirigeants | Laisser un commentaire »
Publié le 03/08/2009 par Pierre F. de Ravel d'Esclapon
On July 27,2009,I posted a note ( below: Rémunération des cadres bancaires : les $100 millions d’Andrew Hall ) on the debate raging around Andrew Hall’s right to a $ 100 million bonus,the topic now of David Segal’s front page article in Sunday’s New York Times ( August 2,2009) .In my note I stated that [...]
Archivé sous: Corporate Governance, Droit Law, Editorial, Editorials, Executive compensation, Gouvernance d'entreprise, Histoire History, Law, Opinions, Remuneration des dirigeants | Laisser un commentaire »
Publié le 28/07/2009 par Pierre F. de Ravel d'Esclapon
Le débat continue de faire rage.Cette fois, il s’agit de la rémunération d’Andrew Hall, patron de la division Phibro de Citigroup.Celui-ci, contractuellement devrait toucher $100 millions au titre de l’exercice 2009.Cette perspective n’est pas au goût de Ken Feinberg, le tsar des traitements de cadres de sociétés aidées par le gouvernement. D’ou la relance du [...]
Archivé sous: Corporate Governance, Droit Law, Editorial, Editorials, Executive compensation, Gouvernance d'entreprise, Law, Remuneration des dirigeants | Tagué : Phibro, Citigroup, Andrew Hall, attainder, remuneration | Laisser un commentaire »
Publié le 18/03/2009 par Pierre F. de Ravel d'Esclapon
Amid all the otherwise legitimate furor over the A.I.G. bonuses,it is refreshing ,and useful,to see the contract law framework for a good legal analysis set out by well regarded law professors such as Charles Fried of Harvard :see When Bonus Contracts Can Be Broken Contracts Now Seen as Being Rewritable For an update on the [...]
Archivé sous: Corporate Governance, Droit Law, Economy and Finance, Editorials, Executive compensation, Finance et economie, Gouvernance d'entreprise, Law, Remuneration des dirigeants | Laisser un commentaire »
Publié le 27/02/2009 par Pierre F. de Ravel d'Esclapon
The renunciation by Jeff Immelt of his 2008 bonus, though laudable, is not unique. the Chairmen of Costco, James Sinegal, and Whole Foods, John Mackey, in 2007 decided not to take their bonuses even though, unlike the GE shares, the shares of their respective companies under their tutelage had done quite well. Noteworthy in this [...]
Archivé sous: Corporate Governance, Economy and Finance, Executive compensation | Laisser un commentaire »
