New Farient Trackers: Easy Access to Data for Directors
Dear Friend,
Access to accurate and up-to-date executive compensation information is vital for boards, management and investors. To this end, Farient has expanded its exclusive suite of interactive, data-driven pay trackers that are easy to navigate and display all relevant information in a single location.
Recently, Farient introduced the CEO Wealth Tracker™, which measures total CEO wealth based on stock ownership and the daily price of CEOs’ company stock holdings. To further expand our suite of trackers, we have also just added our latest interactive tool, the COVID Tracker™, which captures changes to executive and board of director compensation for the S&P 500 and S&P MidCap 400 over the course of the current pandemic.
These two additions join the Pay Ratio Tracker™, which aggregates the CEO Pay Ratio for S&P 1500 and Russell 3000 companies, and our Say on Pay Tracker™, a one-stop resource highlighting Say on Pay results across the Russell 3000. Collectively, our trackers provide real-time executive compensation insights, viewable by industry, segment and size. On behalf of our team at Farient, I hope you find these Trackers useful as a quick and insightful overview of the compensation landscape.
Additionally, please join us on November 10, 2020, from 1-2:15 pm EST, for our 2020 National Association of Corporate Directors (NACD) Summit “Compensation Hot Topics,” where we’ll be discussing the pressing issues that continue to keep compensation committees awake at night. This year’s conference is virtual, providing a unique opportunity to join us remotely. Please contact us at info@farient.com if you would like to participate.
Sincerely,
Robin Ferracone
Hot Off The Press From Farient
Shale Companies Had Lousy Returns, Their CEOs Got Paid Anyway.
The shale gas industry has been experiencing tough times, but that does not seem to apply to the sector’s chief executives. Though many shale companies have adjusted compensation formulas to make CEO pay more performance-based, compensation still bears little relation to shareholder value, according to this Wall Street Journal article that cites data from Farient’s Wealth Tracker™.
'Excessive Personal Payday' - Payouts Raise Hackles
The two largest proxy advisors – ISS and Glass Lewis – recently split over their guidance to shareholders approving a payout to the outgoing CEO of Noble Energy, which was acquired this year by Chevron. This article from Agenda cites data from Farient’s Say on Pay tracker to show the decline in SOP support among Noble’s shareholders. I’m also quoted saying that while an additional transition award on top of change-in-control compensation is unusual, it may not be too consequential due to the vote’s nonbinding nature.
While Millions Lost Jobs, Some Executives Made Millions in Company Stock
Despite millions of layoffs during the COVID-19 pandemic, many CEOs have seen their overall wealth increase immensely. This is because of CEO compensation being tied in large part to company shares, especially in tech and other fast-growing sectors. Farient’s Wealth Tracker™ provides a detailed, real-time analysis of the CEOs who are getting wealthier – and by how much – at any given time.
Farient Update: Ten Years of Dodd Frank…What’s Next?
As we reflect on 10 years of Dodd-Frank, we ask ourselves “What worked?,” “What didn’t?” and “What lies ahead?” In this paper, Farient explores the successes of the legislation and how companies can start thinking about those areas beyond Dodd-Frank that have become significant issues over the past few years. The road to aligning management, board and stakeholder interests continues to show signs of progress.
Leading Minds of Governance: Resilience & Reframing the Future – November 17, 2020
Join Farient and NACD for a complimentary director-driven virtual forum to exchange ideas and insights on governance. For more information on how to join this program of esteemed directors and governance professionals, please contact us at info@farient.com.
Robin is our Founder and Chief Executive Officer. She is the author of the book entitled, “Fair Pay Fair Play: Aligning Executive Performance and Pay” and is a frequent presenter for well-known organizations including Council of Institutional Investors, Society for Corporate Secretaries and Governance Professionals, the National Association of Corporate Directors (NACD), and The Conference Board, among others. Robin has written extensively on the topics of performance management, incentive plan design, goal setting, and corporate governance. She has been quoted by several business and industry publications including, The New York Times, The Wall Street Journal, and The Washington Post. Learn more about Robin.
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