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Apr 29, 2015

Coke executive pay approved, but by lower-than-average margin

NEW YORK/BOSTON (Reuters) – Coca-Cola Co (KO.N: Quote, Profile, Research, Stock Buzz) shareholders on Wednesday approved the beverage maker’s pay for top executives by a lower-than-average margin in the face of concerns by large proxy advisers.

Coke said preliminary results from its annual shareholders meeting in Atlanta showed 80.4 percent of votes cast were in favor of its executive compensation, about 10 percentage points below the average for a company in the Standard & Poor’s 500 index .SPX.

Apr 29, 2015

Coke shareholders approve executive pay, but by low margin

NEW YORK/BOSTON, April 29 (Reuters) – Coca-Cola Co’s
shareholders on Wednesday approved the beverage maker’s pay for
top executives, but by a lower-than-average margin in the face
of concerns by large proxy advisers.

Atlanta-based Coke said preliminary results from its annual
shareholding meeting show that 80.4 percent of votes cast were
in favor of its executive compensation, about 10 percentage
points below the average for a company in the Standard & Poor’s
500 index. While the vote is only advisory, it indicates
shareholder sentiment, and the company faced an investor revolt
over its executive pay last year.

Apr 28, 2015

Coca-Cola faces renewed pressure over executive pay

NEW YORK/BOSTON, April 28 (Reuters) – Coca-Cola Co
faces renewed pressure over its executive pay from large proxy
advisory firms ahead of a shareholder meeting on Wednesday and
at least two major pension funds disclosed they voted against
the company’s compensation.

Institutional Shareholder Services, which advises pension
funds, mutual funds and other money managers, has recommended
investors cast advisory votes against the pay of the Atlanta
beverage company’s top leaders, including chairman and chief
executive Muhtar Kent, who earned $25.2 million in 2014.

Apr 9, 2015

Dollar bulls back off amid concern Fed will delay hike

BOSTON (Reuters) – Some of the biggest dollar bulls in the global bond fund sector have reversed course in recent weeks, cutting exposure to the greenback amid concern the U.S. Federal Reserve will delay a widely-anticipated interest rate hike.

The shift comes as the dollar’s rally to 12-year highs shows signs of flagging, hurt by soft U.S. economic data and efforts by European central banks to stimulate their own economies, fund managers and analysts said.

Apr 9, 2015

Insight – Dollar bulls back off amid concern Fed will delay hike

BOSTON (Reuters) – Some of the biggest dollar bulls in the global bond fund sector have reversed course in recent weeks, cutting exposure to the greenback amid concern the U.S. Federal Reserve will delay a widely-anticipated interest rate hike.

The shift comes as the dollar’s rally to 12-year highs shows signs of flagging, hurt by soft U.S. economic data and efforts by European central banks to stimulate their own economies, fund managers and analysts said.

Mar 27, 2015

Dodd-Frank co-author disappointed on pay votes, cites fund managers

BOSTON, March 27 (Reuters) – An architect of the shareholder
votes companies hold on executive compensation said he is
“disappointed” they have not led to more changes, noting that
wealthy mutual fund company leaders make weak overseers of CEO
pay.

“The decision-makers at the heads of these institutions also
get paid a lot of money. They’re not inclined to cut anyone
else’s salary,” said Barney Frank, the retired Massachusetts
congressman, in a recent telephone interview.

Mar 26, 2015

Bank of America skips vote sought by funds on CEO’s roles

BOSTON (Reuters) – Bank of America Corp will not hold a shareholder vote on its decision to reunite the roles of chairman and chief executive officer, according to the bank’s proxy statement filed on Thursday.

The Charlotte, North Carolina-based bank had been asked by pension funds including the California State Teachers’ Retirement System to let shareholders vote on its move to give CEO Brian Moynihan the additional title of chairman last fall.

Mar 25, 2015

Insight – Top U.S. CEOs reaped billions from stock gains in recent years, Reuters analysis shows

BOSTON (Reuters) – CEOs at large U.S. companies collectively realized at least $6 billion (4 billion pounds) more in compensation than initially estimated in annual disclosures in the five years after the financial crisis first hit, according to a Reuters analysis. The reason for the windfall: the soaring value of their stock awards.

About 300 CEOs who served throughout the 2009-2013 period at S&P 500 companies together realized about $22 billion in compensation in the form of pay, bonuses and share and option grants, or an average of $73 million each, figures provided by executive compensation data firm Equilar show.

Mar 25, 2015

Top U.S. CEOs reaped billions from stock gains in recent years, Reuters analysis shows

BOSTON (Reuters) – CEOs at large U.S. companies collectively realized at least $6 billion more in compensation than initially estimated in annual disclosures in the five years after the financial crisis first hit, according to a Reuters analysis. The reason for the windfall: the soaring value of their stock awards.

About 300 CEOs who served throughout the 2009-2013 period at S&P 500 companies together realized about $22 billion in compensation in the form of pay, bonuses and share and option grants, or an average of $73 million each, figures provided by executive compensation data firm Equilar show.

Mar 13, 2015

Coke CEO’s declined bonus not enough for pay critic Winters

BOSTON (Reuters) – A decision by Coca-Cola Co’s chief executive to decline his 2014 bonus did not go far enough, a well-known pay critic said Friday, indicating the company could face more scrutiny of its compensation ahead of its shareholder meeting this spring.

While Coke Chairman and Chief Executive Muhtar Kent declined a $2.5 million bonus, that amount was offset by increases in the value of his stock-based awards, said David Winters, whose Wintergreen Advisers owns about 2.5 million Coke shares.

    • About Ross

      "I cover mutual funds and the companies that offer them including Fidelity Investments and Legg Mason Inc, plus related topics like retirement savings issues and socially responsible investing. I'm based in Boston and joined Reuters in 2009."
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