Activist shareholders are trying new tactics to rein in executive pay at U.S. companies, with proposals they hope will appeal to a broader group of investors. The new strategies include simpler, less prescriptive holder resolutions that don’t dictate executives’ pay packages. Instead, the new proposals seek to more closely align executive pay with corporate performance,
When should an executive retire? The question is gaining urgency in Europe where, for years, companies and governments have pushed people to retire earlier than their American counterparts. The mindset in Europe was that this cleared room for younger executives and brought in fresh ideas. Now, in a shift, some European companies are pushing to
It is a hot business idea of the moment, a growth formula embraced by General Electric Co., American Express Co., Progressive Corp. and many others. But a growing chorus of skeptics question the value of the “net promoter” concept advocated by consulting firm Bain & Co., market researcher Satmetrix Systems Inc. and author Fred Reichheld.
Managers like to say employees leave companies because of bad bosses or lack of career growth. A new report suggests a more straightforward reason: money. In a survey of about 1,100 U.S. employees, 71% of top performers listed pay among the top three reasons they would consider leaving their employer. Yet in a sister survey
Psychology professor Richard Griffith is on a mission to stop “fakers.” To Dr. Griffith, of the Florida Institute of Technology, fakers are people who misrepresent themselves on personality tests increasingly used to screen applicants for entry-level jobs at call centers, retail stores and other customer-service positions. The tests typically ask candidates to agree or disagree
Two years ago, Rod Bond, an executive at a U.S. unit of French food-services company Sodexho Alliance SA, accompanied female colleagues to a meeting of the Women’s Food Service Forum, where he was a rare man among roughly 1,500 women. “That’s a profound experience,” says Mr. Bond, 57 years old. It prompted him to wonder
Go out and mingle with top headhunters — those gregarious talent scouts who are constantly scouring the world in search of managers to fill the top executive jobs — and these days you’ll find some most happy people.
Give back that bonus! That angry cry has been heard for years from governance consultants and shareholders seething at the way some chief executives grow rich as investors suffer. Usually, such shouting is futile. Bosses defend their pay or simply ignore criticism. Either way, they keep the cash, perhaps agreeing to take leaner pay packages
In 2000, Les Kollegian resigned from his chief creative officer post at an advertising agency to start his own shop in San Diego with a goal of increasing his earnings. The 36-year-old says the experience was challenging and stressful, but his take-home pay is now approximately $300,000 before taxes — triple his previous annual income.
What’s in a name? Plenty. Just ask people who have to compete against their own names. These entrepreneurs can face uncertain, confused customers, as well as harsh competition from businesses they no longer own that still bear their monikers. Consider what happened to executive recruiter Russell S. Reynolds Jr. at a recent cocktail party in
Question: I worked for a semi-famous woman, who is known for having a huge temper and being reactionary. I use her as a work reference and, during my job search, she was called by people who just wanted to talk to her — even in cases where I had not interviewed with them. At one
The messages law enforcement personnel sent one another — more than 5,000 — were crude, referring to people as animals, using profane terms as labels — and, worst, containing some horrifying jokes implying violence. They were fired. That was in Camden County, N.J., where 11 white prison guards lost their jobs for racially insulting texts
Q: Two of my employees seem to have absolutely no interest in doing a good job. They arrive late, ignore deadlines, and drag out every task to avoid additional work. If I bring this up, they threaten to call in sick and stay out for several days. Because we work for a large retail chain,
This is mainly a guy thing, but it affects women too. They retire, perhaps earlier than expected, and haven’t a clue about how to go about living the rest of their lives. Mickie Schroeder and Jeff Jans took early retirements in April 2008, got married in May 2008 and by September 2008 were sitting
KANSAS CITY, Mo. — Many American workers don’t really leave work. Emails, phone texts, pager alerts and phone calls pepper what once was personal time. And that’s not including on-call shifts or beeper time, which require workers to be ready and able to work at a moment’s notice. When is it time to call
Q: A few months ago, my colleagues and I got a new manager who makes our lives a living hell. “Kristen” has no management experience and nitpicks everything we do. She gets angry about small stuff and talks to us like we’re in third grade. She has also allowed the office to get disgustingly
Workers’ constitutionally protected right to free speech is generally checked at the doors of private enterprises. However, when it comes to social media discussions about inflexible schedules, ice-cold break rooms or obscenity-laden rants about mandatory overtime, employees have the right to post, share and like to their hearts content. “According to the National Labor Relations
Q. I am 64 and work full time. I plan to claim Social Security benefits at 70. My ex-husband is 66 and we were married for 19 years. I remarried at 61. Am I entitled to some of my ex-husband’s benefits? Am I eligible for my current husband’s? Can I claim spousal benefits on my
Social psychologist Heidi Grant Halvorson wants you to find someone at work who has known you for a long time and ask them to complete the following sentence: “If I didn’t know you better, I’d think that you were … .” Most of us would hope to hear things like “a movie star” or “an
WASHINGTON — Employers shrugged off worries about the U.S. economy downshifting, adding a whopping 271,000 non-farm jobs in October and raising worker pay in the process. The unemployment rate in October dipped slightly to 5 percent, and measures of stress in the job market continued improving, the Labor Department reported Friday in a solid monthly
