Word: ceos
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Dates: during 1990-1999
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Annoyed, shareholders have moved to curb such abuses -- just as they have moved to remove a number of CEOs in recent months. Under pressure from big institutional investors, for example, ITT Corp. drastically altered the stock- option plan for its chairman, Rand Araskog. He had received an outright stock gift with no strings attached. The company replaced the grant with a ^ plan based on performance. AT&T also upped the ante for its CEO, Robert Allen. Allen was once awarded 45,000 shares just for staying on the job. Now, he will receive 250,000 shares, but only...
...Beresford, describes as "unprecedented." Of more than 350 letters on this issue so far received by FASB from companies, accounting firms and stock exchanges, only one or two support the rule change. Leading the charge against the proposal is the Business Roundtable, a New York City group representing 200 CEOs. In a letter to FASB, Citicorp CEO John Reed, who heads the Business Roundtable's accounting task force, said the plan would have "negative effects" on U.S. competitiveness. Small and midsize firms oppose the plan because it would force them to curtail or severely limit their only affordable means...
CHAIRMAN, CEO: Reginald K. Brack...
Scheduled speakers Mandy Grunwald, media advisor for the Clinton campaign, and former Yale President Benno Schmidt, president and CEO of the Edison Project, did not attend...
...lost $700 million in value. Pressures continued to mount throughout the week as share prices slumped, powerful institutional investors expressed their anger, and three dissenting board members resigned. On Friday Robinson bowed out, citing "the good of the company" and his desire not to impede Golub's autonomy as CEO...