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robertogreco : pay-and-performance   1

Enriching Executives, at the Expense of Many - NYTimes.com
"Mr. Meyer’s favorite pay-and-performance comparison pits Statoil against ExxonMobil. Statoil, which is two-thirds owned by the Norwegian government, pays its top executives a small fraction of what ExxonMobil pays its leaders. But Statoil’s share price has outperformed Exxon’s since the Norwegian company went public in October 2001. Through March, its stock climbed 22.3 percent a year, on average, Mr. Meyer notes. During the same period, Exxon’s shares rose an average of 11.4 percent annually, while the Standard & Poor’s 500-stock index returned 1.67 percent, annualized."

"OTHER aspects of Statoil’s governance also appeal to Mr. Meyer. Its 10-member board includes three people who represent the company’s workers; management is not represented on the board. In addition, Statoil has an oversight group known as a corporate assembly, something that is required under Norwegian law for companies employing more than 200 workers…"
salaries  ceos  oil  stockholders  incentives  governance  boardmembers  executivepay  norway  exxonmobile  statoil  performance  pay-and-performance  2011  us  inequality  wealth  incomegap  income 
april 2011 by robertogreco

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