New research from Wharton shows that stock options lead to more risk taking by CEOs. The research is presented in a new paper, “CEO Compensation and Corporate Risk Taking: Evidence from a Natural Experiment,” by Gormley, David Matsa, a professor at Northwestern University’s Kellogg School of Management, and Todd Milbourn, a professor at Olin Business School […]

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Northern Rock’s former shareholders have lost their bid for a judicial review of the nationalisation compensation scheme but have vowed to press their claims in the the House of Lords and, potentially, the European Court of Human Rights.  The House of Lords appeal could be heard in summer 2010 but  an appeal to the European Court could take […]

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The Investors Working Group, a bi-partisan panel of experts created in February 2009 by the Council of Institutional  Investors and the CFA Institute Centre for Financial Market Integrity, has released its recommendations for reform and modernisation of the US financial markets. According to the report, strengthening existing regulatory agencies, closing gaps in the regulatory structure, […]

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“He who dies with the most toys still dies” was a quote on the No Fear brand of T-shirts a few years ago. Funnily enough that saying came to mind when news of Amalgamated Bank’s shareholder proposals against “Golden Coffins” came out this week. For the uninitiated, a Golden Coffin, in exec comp terms, is […]

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At the AGM of Meggitt plc, shareholders will be asked to amend the period following the cessation of employment during which options under Part B of the plan (the part not Inland Revenue approved) may be exercised. It is proposed to increase the period from the existing six months to two years. Manifest notes that […]

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