Author: CEOPD

Phony Auctions Reward Peabody Energy

Peabody Energy Company paid their CEO $10,217,593 total compensation* in 2011. He was worth every penny and more. Gregory H. Boyce has positioned his St. Louis, Mo. company to be the sole bidder at a so-called auction to mine 721…

$15 Million and Fired in Eight Months

A former Target marketing executive, hired last October to turn around old-line discount retailer JC Penney’s, was fired this week. Michael Francis had been a successful marketing executive at Target and came to Penney’s amid great expectations. As president he…

American CEOs Laughing at French CEOs

Recently inaugurated Socialist President Francois Hollande has been executive pay should not exceed 20 times the salary of the lowest-ranking employees for companies owned or partially owned by the government according to new rules. Now “France’s finance minister has declared…

Billionaire Bilker Sentenced to 110 Years

“Former jet-setting Texas tycoon R. Allen Stanford, whose financial empire once spanned the Americas, was sentenced Thursday to 110 years in prison for bilking investors out of more than $7 billion over 20 years in one of the largest Ponzi schemes…

Outrage Over $267 Million Bonus May Kill Merger

The planned merger of two of the world’s largest mining and commodity companies, Glencore International and Xstrata, is being threatened by the discovery Xstrata executives showered themselves with $267 million of company funds last month. The deal would create a…

Rebellion Over British CEO Greed

Investors in the U.K. are up in arms about the excesses they perceive public company executives are indulging in. Described as a “shareholder rebellion” by the Wall Street Journal, a succession of companies are seeing their pay plans voted down…

$65 Million After Cutting 7,000 Jobs

June ushered in a new CEO for AstraZeneca, the U.K.-based global biopharmaceutical company which ousted David Brennan for years of poor results. “Ironically, just a month ago, Brennan received an 11 percent pay raise” from the same board of directors.…