March 23, 2012 | New York Law Journal
Say on Pay: Who Is Watching the Watchmen?In his Executive Compensation column, Joseph E. Bachelder III, a partner in the Law Offices of Joseph E. Bachelder, looks at four circumstances having special impact on the governance of executive pay today and then focuses on one of them, proxy advisers, with particular attention to the largest one.
By Joseph E. Bachelder III
16 minute read
May 23, 2005 | New York Law Journal
Executive CompensationJoseph E. Bachelder III, a partner in the Law Offices of Joseph E. Bachelder, writes that Harvard Law School Professor Lucian A. Bebchuk has taken aim again � this time at pensions for CEOs of major U.S. corporations. Last fall, Professor Bebchuk, together with Jesse M. Fried, a professor of law at the University of California, published a book that is critical of the lack of linkage between top management pay and performance.
By Joseph E. Bachelder III
13 minute read
March 24, 2005 | New York Law Journal
Executive CompensationJoseph E. Bachelder III, a partner in the Law Offices of Joseph E. Bachelder, analyzes the severance package of Carly Fiorina, who was terminated as the CEO of Hewlett-Packard in February.
By Joseph E. Bachelder III
14 minute read
October 20, 2005 | New York Law Journal
Executive CompensationJoseph E. Bachelder III, a partner in the Law Offices of Joseph E. Bachelder, comments on the benefits and limitations of "tally sheets"--which present each compensation and benefit item in senior executives' packages, allowing compensation committees to see the total value of each package and make comparisons to other companies--and considers other ways for improving the process by which such committees review executive compensation.
By Joseph E. Bachelder III
14 minute read
August 26, 2009 | New York Law Journal
Executive CompensationJoseph E. Bachelder III, a partner in the Law Offices of Joseph E. Bachelder, discusses the SEC's proposed changes in proxy statement disclosure rules affecting executive compensation as well as other matters and the Corporate and Financial Institution Compensation Fairness Act of 2009, which would adopt new rules for public companies requiring "Say on Pay" advisory votes by shareholders, prohibit compensation that encourages excessive risk-taking and adopt new rules relating to compensation committee independence (including retention of independent advisers).
By Joseph E. Bachelder III
13 minute read
April 14, 2009 | New York Law Journal
Executive CompensationJoseph E. Bachelder III, a partner in the Law Offices of Joseph E. Bachelder, writes that President Barack Obama's recovery legislation contains restrictions on executive compensation applicable to institutions receiving financial assistance under the Troubled Assets Relief Program. He analyzes the changes compared to a recovery bill enacted last October.
By Joseph E. Bachelder III
16 minute read
August 29, 2005 | New York Law Journal
Executive CompensationJoseph E. Bachelder III, a partner in the Law Offices of Joseph E. Bachelder says that while the latest decision in the Disney litigation represents a legal victory for the TWDC directors, it is not a "road map" to director immunity from future liability.
By Joseph E. Bachelder III
14 minute read
June 28, 2010 | New York Law Journal
The 'Restoring American Financial Stability Act' and Executive PayIn his Executive Compensation column, Joseph E. Bachelder III, a partner in the law offices of Joseph E. Bachelder, discusses Say on Pay, the independence of compensation committee advisers, disclosure requirements, clawbacks and other compensation-related facets of the Restoring American Financial Stability Act of 2010.
By Joseph E. Bachelder III
16 minute read
April 21, 2006 | New York Law Journal
Executive CompensationJoseph E. Bachelder III, a partner in the Law Offices of Joseph E. Bachelder, discusses the SEC's proposed rules requiring disclosure of anticipated payments and benefits to Named Executive Officers in connection with retirement and other terminations of employment and in connection with changes in control. If the proposals are carried through, the SEC may create a new "cottage industry" for mathematicians and the compensation consultants employing them.
By Joseph E. Bachelder III
15 minute read
March 15, 2011 | New York Law Journal
Proposed Rule on Incentive-Based Compensation at Financial InstitutionsIn his Executive Compensation column, Joseph E. Bachelder III, a partner in the law offices of Joseph E. Bachelder, reviews the proposed rule, which raises significant questions not just on the rule's interpretation by the seven agencies involved in its administration, but also its impact on say on pay voting, shareholder activists' criticism of executive pay, state rules and court interpretations of fiduciary duties of directors and officers.
By Joseph E. Bachelder III
16 minute read