Word: chairmens
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...upwards of 50% -- is paid in stock incentives, usually in the form of options that carry no risk if the stock price declines. Critics complain that corporate boards lack clearly delineated formulas for setting pay and that they are not independent enough because chief executive officers often serve as chairmen of boards. The conflict of interest can be eliminated, they argue, by preventing the CEO from wearing both hats. Consultant Graef | Crystal charges that compensation committees are often loaded with other high- paid CEOs. "It's a cozy you-scratch-my-back-I'll-scratch-yours arrangement," he says...
...charges, the fallen junk-bond king has now agreed to pay $500 million more in a deal that requires the approval of U.S. Judge Milton Pollack in Manhattan. Plaintiffs include the Federal Deposit Insurance Corporation, which alleges Milken helped undermine the savings and loan industry by persuading S&L chairmen to load up on junk bonds that collapsed when the market for the risky IOUs turned sour...
...intensely political job," he says. "When you are in for a year, you are a lame duck. It's harder to get people to serve as chairmen of departments because they say to you 'you'll never have an opportunity to be grateful...
...Democratic chairmen of both committees asked the State Department to release Glaspie's cable describing her meeting with Saddam. If the State Department refuses, the issue will remain one of Saddam's word against Glaspie's. "I hope my credibility is at least as great as Saddam Hussein's," she said. Judging from her testimony, it is the Administration that must worry about credibility, not April Glaspie...
Such sentiments were buttressed by the testimony of a chorus of blue-ribbon experts, including seven former Defense Secretaries and two former Chairmen of the Joint Chiefs of Staff, who all counseled temperance. No witness was more compelling than the government's own William Webster, director of the CIA, who, to the amazement of many, departed from the Administration's line when he projected that the embargoes would begin to bog down Saddam's military in three to nine months...