From the category archives:

Earth to Board

Excessive CEO Pay Shows Bankruptcy in Ford Boardroom

April 5, 2007

Few examples stand as living testimony to the bankruptcy of the current model of CEO and top management compensation more than what was announced by Ford Motor Company today. For the privilege of presiding over a record $12 billion loss in 2006, the top seven in Ford’s executive suite received a whopping $62 million. Bill [...]

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Barry Diller’s Crime Stories

March 29, 2007

He’s back at it again. After calling corporate governance advocates “birdbrains” a few months ago, as we noted at the time here, billionaire television and internet mogul Barry Diller is accusing the press of conduct that is almost illicit in its reporting on CEO pay. “I think it’s close to criminal,” he said of recent [...]

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Goldman Sachs’s Big Payday: Cartoon Characters and Executive Compensation

February 22, 2007

Thank goodness Goldman Sachs paid its co-presidents $106 million between them for their first year on the job. It works out to $53 million each. If only everything in life could be as fair as the directors who made this even-handed award. I say thank goodness because it is close to a sub-atomic physical certainty [...]

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More on Dr. Diller’s Remarkable Prescription

November 29, 2006

Barry Diller’s diatribe against corporate governance advocates, whom he claims are “hurting” American business, prompts another observation. Mr. Diller evidently observed no harm in the abuses typified by the dot.com bubble or the excesses in market valuations across the board which ultimately saw seven trillion dollars in shareholder wealth wiped out. He had nothing to [...]

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Roll Out the Boardroom Ambulance

November 28, 2006

My problem with governance is that it’s really hurting American business. –Barry Diller, CEO and chairman, IAC. Mr. Diller, who calls corporate governance activists “birdbrains” is no doubt feeling the hurt. Why, if it were not for the crazy idea that there should actually be accountability in the boardroom and some sanity connected with CEO [...]

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Just Say No to Dual-Class Shares

November 21, 2006

Report will please controlling owner-managers but does it serve the interests of investors who are treated like second-class shareholders? Not to be confused with The Centre for Corporate & Public Governance, a group called the Institute for the Governance of Private and Public Organizations (interesting choice of names, don’t you think?), created in 2005, has [...]

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