Sunday, December 12, 2010
Quest turnover spree on Wall Street.
<P>: Http://finance. Hearing, in the sub-prime crisis, the Wall Street executives have frequently seen the message class in the newspaper. .Many people are wondering, when, who will become the next victim. .At the same time, executives may take the "separation Package" has once again become the focus of attention. .</ P> <P> restricted shares decided to superannuation component </ P> <P> analysis by proxy together with a lot of figures, analysts were able to roughly calculate that the CEO of major financial institutions have .If left to take away property and how much. .Corporate governance research firm Corporate Library researcher Paul Hodgson, senior (Paul Hodgson) Click to financial institutions on the 10 CEO made such a calculation. .</ P> <P> in American banks (Bank of America) or the U.S. national financial services company (Countrywide Financial) and other companies, CEO's severance package is most closely associated with their pension. .In Lehman Brothers, Morgan Stanley or a company like Goldman Sachs, CEO of wealth available to the time of separation is based largely on the form of restricted shares. .When the CEO's personal wealth is so closely associated with the company's share price, its performance in office will determine the fate of their leave. .</ P> <P> subprime crisis, for example, the first class of Merrill Lynch's Stanley O'Neal, CEO --- (Stanley ONeal), his severance payment of up to 161 million, in the above list of 10 CEO's in the rankings .5. .He can take away the value of approximately $ 131,400,000, including stocks and shares, and approximately $ 25,000,000 in pension benefits. .</ P> <P> When Merrill Lynch reported its third-quarter earnings loss of subprime crisis, when 22.4 million U.S. dollars, O'Neal can take such a huge amount of severance pay to many people by surprise. .But compensation experts point out that O'Neill is just to get a "clear entitlement", and did not get any bonus. ."O'Neal's severance package and did not look as rich." Severance payment services company (Compensation Design Group) president Frank Glassner (Frank Glassner) said. .Pay experts say, Merrill Lynch, this approach may be a reference to the other Board precedent, when the company faced a similar situation to be more careful to pay. .</ P> <P> contrast, Citigroup CEO Charles Prince lucky than O'Neal. .Despite his achievements in office can be "bleak" to describe, but he still received a bonus of up to $ 12,600,000, which makes his severance package totaled $ 40,000,000, the bonus amount in the above 10 companies .CEO in the fourth. .</ P> <P> the highest severance payments up to $ 300,000,000 </ P> <P> and leave "gifts" to the number of the most lucrative CEO Richard Fuld of Lehman Brothers (Richard S. Fuld ..) .Lehman Brothers in the subprime mortgage crisis this year to avoid large areas of muddy water, so no one think that Fuld class in the near future. .But this does not prevent people from leaving gold to his curiosity. .</ P> <P> Hodgson calculations show that Fuld severance package worth up to $ 299,000,000, including approximately 276 million in restricted shares. .10 people in the above list, severance payments Yiqijuechen Fuld, Lehman Brothers, in large part to their long working hours related. .He entered the 1969 Lehman Brothers, and control of power since 1993, he had a huge part of restricted shares received in that period. .</ P> <P> However, this figure is still a lot of people surprised. ."Even if Lehman Brothers, the 299 million U.S. dollars is a lot of money." Hodgson said. .</ P> <P> In fact, compared with last year, Lehman's share price also come down now. .If the share price back to last year's level, Fuld will easily beat last year's departure of former ExxonMobil CEO Lileimengde (Lee Raymond), the latter was a record 351 million U.S. severance pay of company executives .record..
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