Tag Archives: Executive Compensation

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AFR Pushes For Tougher “Claw Back” Rules

AFR submitted a comment on rules implementing the “claw back” provisions that permit the FDIC to recoup pay and bonuses from executives of a failed bank that is being resolved under the FDIC’s orderly liquidation authority. AFR favors tougher and more comprehensive claw back rules.

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AFR Urges Members of Congress to Oppose H.R. 1062

Read our letter to members of congress urging their opposition to H.R. 1062, that will repeal Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 953(b) requires public companies to disclose the pay disparity ratio between the company CEO and the median employee of the company.

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AFR Supports 953(b) – Calls for Disclosure of Executive Compensation

AFR wrote a comment letter supporting the requirement in Section 953(b) of the Dodd-Frank Act that companies disclose to investors the ratio of CEO pay to the compensation of the typical employee at the company. Existing requirements mandate disclosure of top executive compensation only, encouraging companies to focus unduly on peer to peer comparisons when setting CEO pay. Disclosure of CEO-to-worker pay ratios will encourage Boards of Directors to also consider pay equity within firms, top-to-bottom and not just at the CEO level. This information will also be useful to investors who prioritize pay equity as part of their investment decision. Rep. Nan Hayworth (NY) has introduced a bill to repeal this section of Dodd-Frank.

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In Focus: Hearing Highlights Bonus Bonanza

FOR IMMEDIATE RELEASE DATE: January 22, 2010 In Focus: Hearing Highlights Bonus Bonanza Frank Zeros In On Out-of-Control Bonuses Washington, DC – Americans for Financial Reform released the following statement about the House Financial Services Committee’s hearing on executive compensation today. Maureen Thompson, Executive Director,