Golden parachute

Tax Firm Ivins, Phillips & Barker Adds Attorney Thomas Cryan To Benefits & Compensation Practice

Retrieved on: 
Wednesday, March 23, 2022

WASHINGTON, March 23, 2022 /PRNewswire/ --Ivins, Phillips & Barker (IPB) is pleased to announce the addition of partner Thomas M. Cryan, Jr. to the firm's Benefits & Compensation practice.

Key Points: 
  • WASHINGTON, March 23, 2022 /PRNewswire/ --Ivins, Phillips & Barker (IPB) is pleased to announce the addition of partner Thomas M. Cryan, Jr. to the firm's Benefits & Compensation practice.
  • Cryan joins from a D.C. law firm, where he focused on executive compensation, fringe benefits, and employment tax matters.
  • "Tom will be a great complement to our esteemed Benefits & Compensation team," said Kevin O'Brien, chair of the practice.
  • Ivins, Phillips & Barker is a boutique law firm devoted exclusively to tax, employee benefits, and estate planning, with headquarters in Washington, DC.

Teamsters Lead Historic Defeat of CEO Pay at Marathon Petroleum

Retrieved on: 
Thursday, May 6, 2021

b'Following last Wednesday\'s shareholders\' meeting, Marathon Petroleum Corp. (NYSE: MPC) has announced that its "Say-On-Pay" was defeated by the largest margin so far this year at an S&P 500 company.

Key Points: 
  • b'Following last Wednesday\'s shareholders\' meeting, Marathon Petroleum Corp. (NYSE: MPC) has announced that its "Say-On-Pay" was defeated by the largest margin so far this year at an S&P 500 company.
  • "Marathoninvestors are not impressed with the golden parachutes the company provides its executives, the 379:1 CEO to median employee pay ratio, and the risks the company has created by jeopardizing safety at its St. Paul Park refinery by locking out its workers.
  • Placing workers, the community, and the environment at undue risk is a clear ESG failure reflected in the vote.
  • Follow us on Twitter @Teamsters and "like" us on Facebook at www.facebook.com/teamsters .\n'

Verizon Retirees: Don’t Prioritize Executive Compensation Over Shareowner Interests

Retrieved on: 
Friday, March 27, 2020

COLD SPRING HARBOR, N.Y., March 27, 2020 (GLOBE NEWSWIRE) -- Retiree shareholders at Verizon (NYSE: VZ ) will present two proposals at this years annual meeting in an effort to rein in runaway executive compensation.

Key Points: 
  • COLD SPRING HARBOR, N.Y., March 27, 2020 (GLOBE NEWSWIRE) -- Retiree shareholders at Verizon (NYSE: VZ ) will present two proposals at this years annual meeting in an effort to rein in runaway executive compensation.
  • One proposal would require shareholder approval of any Verizon Golden Parachute plan (Item #8) that pays out severance or termination payouts that are equal to or greater than 300% of an executive officers base salary plus target short-term bonus.
  • A second executive compensation reform proposed by BellTel Retirees seeks to limit guarantees of Above-Market Returns on Nonqualified Executive Savings Plans (Item #4).
  • Whats good for a few executives, personally, may not be in the corporations best interest or the interest of shareholders.