The folks on the Compensation and Benefits Committee at Ameriprise Financial (AMP) feel our pain. “We realize,” they say in the company’s proxy, filed Monday, “executive compensation can be a complicated subject,” so they’ve “tried to make this year’s Compensation Discussion and Analysis easier to read.”
And yes, the font used in the footnotes to the [...]

We couldn’t help but chuckle a bit after reading US Bancorp’s (USB) latest proxy. Not over the executive pay, which is reported here. Instead, it was the board’s response to a shareholder proposal to split the Chairman and CEO jobs currently held by Richard Davis. Like many other boards, USB isn’t all that keen on [...]

In the past, Michelle has noted how nice it is to be a Vice Chairman. Another pleasant position is Chairman Emeritus –”emeritus” being the Latin term for ‘coasting on one’s past performance.” So former Electronic Data Systems (EDS) Chairman and CEO Michael Jordan is a lucky fellow. Per this letter agreement filed Wednesday with the [...]

Military vehicle supplier and once highflier Force Protection (FRPT) just can’t learn from its mistakes. South Carolina-based Force Protection has suffered a series of mishaps during the past year, including a series of “scathing” reviews from the U.S. Defense Contract Audit Agency and significant market share loss in its lucrative line of mine-resistant ambush-protected [...]

Late Friday, around the time when some people were no doubt sitting down to a chicken dinner, Tyson Foods (TSN) filed a new 10-year contract for Chairman of the Board John Tyson. Under the agreement — the press release is here — Tyson will retain his title but morph into a non-executive officer as CEO [...]