Category: Peer Benchmarking

Will Record $3B Fine Derail CEO Raise?

Speak of lousy timing. After receiving a knighthood from the queen at the end of 2011, GSK CEO Andrew Witty was on a roll. The chair of GlaxoSmithKline’s compensation committee had pointed out that compared to his peers, Witty was being…

Lawyers Have “$1,000-an-Hour Club”

More lawyers joined “the $1,000-an-hour club” last year, as “partners in the top 25% of hourly billers boosted their average price to $873 an hour.” This is a 5x ratio compared to the lowest 25% who averaged $204 in 2011.…

CEO’s Just Keeping Up With the Joneses

Oct. 4, 2011 – Owners of California-based biotech firm Amgen had a difficult year in 2010, losing 3% of shareholder value. Over the past five years, shareholders lost 7% and Amgen reduced their workforce by nearly 3,000 people as they…