U.S. Representative Barney Frank recently proposed a bill that would give shareholders a nonbinding vote on executive compensation at public companies, but WorldatWork, an association of human resource professionals, says the legislation is unneeded.
U.S Representative Barney Frank has introduced legislation that would give shareholders a nonbinding vote on executive compensation at public companies.
In the fourth quarter, hourly compensation grew 8.2 percent, and when the decrease in consumer prices was taken into account, real hourly compensation grew even faster, 10.5 percent. Real hourly compensation had fallen in the second and third quarters of 2006, following an 11.0-percent gain in the first quarter.
The influx of immigrants from 1990 to 2004 increased the average real wages of native-born workers in California by 4 percent, according to a study by the Public Policy Institute of California (PPIC).
Chief executive officers at higher-performing companies saw big gains in the value of their unexercised stock options last year, according to an analysis by Watson Wyatt, a consulting firm.
Ryan A. Brant, the former chief executive officer of video game publisher Take-Two Interactive Software, has pleaded guilty to charges of falsifying records to backdate stock option grants at the company, Manhattan District Attorney Robert M. Morgenthau announced.
Productivity rose 2.1 percent in 2006, down slightly from the 2.3 percent gain in 2005, according to a report by the Department of Labor's Bureau of Labor Statistics.
Total compensation costs for civilian workers increased 0.8 percent during the fourth quarter of 2006, seasonally adjusted, moderating from the 1.0 percent gain from the previous quarter, according to a report by the Bureau of Labor Statistics of the U.S. Department of Labor.
