Corporate Governance

The Compensation Project (Reprise)

By J. Robert Brown

Last spring, students on The Race to the Bottom examined the proxy statements of some of the largest companies in the United States and stripped out the information about director and CEO compensation.  The Director Compensation Project was made possible by amendments to Item 402 of Regulation S-K that now required compensation tables (and the "total compensation" column) for directors.  The posts demonstrated that some directors received compensation of somewhere around $700,000.  

The newest student members of The Race to the Bottom have gone back and found the compensation tables for some of the players involved in the current financial turmoil that were missed the first time around.  Over the next few days, we will post the director compensation for Wells Fargo, Freddie Mac, and Fannie Mae (all three written by Joseph Aguilar) and JP Morgan, Citigroup and AIG (all written by Gregg Emmel). 

Full post as published by The Race to the Bottom on October 23, 2008 (boomark / email).