In its annual 100 Most Overpaid CEOs list — topped by Oracle, Align Technology and The Walt Disney Co. — As You Sow makes the case that oversight of CEO pay is lacking. Corporate governance professionals involved in creating the report say that there is plenty of blame to be shared among financial managers, who the group says have largely failed to hold companies accountable for overpaying executives, and compensation committees, who As You Sow says have not effectively tied CEO pay to company performance.
“There’s an increasing awareness that these CEO pay votes really do matter,” says Rosanna Landis Weaver, program manager, executive compensation, at As You Sow. “Very smart people at a variety of funds are really digging deeply into this issue and revamping their proxy voting guidelines.” ‘Pursuit of Profit’ While 98 CEOs were considered to be more “overpaid,” Boeing Co.’s ousted CEO Dennis Muilenburg is one example of pay going unchecked, according to As You Sow. Read Full Article - Agenda Week, March 4, 2020