1. And some large companies acknowledge that their compensation committees follow the lead of management. 2. At other companies, like Cummins Engine, the process is more clearly driven by directors on the compensation committee. 3. At most large firms, a compensation committee composed of high-ranking partners decides how to divvy up the spoils, observers said. 4. --A strong independent leader for the compensation committee. 5. Compensation committees also tell investors the pay for chief executives reflects the prevailing standard in the securities industry. 6. Compensation committees also tell investors the pay for their chief executives reflects the prevailing standard in the securities industry. 7. Despite this unequivocal recommendation, however, many compensation committees have members who at least have the potential to engage in mutual back-scratching with the chief executive. 8. Few compensation committees have accepted that part of the equation. 9. Harriton was not only kept on at the firm, but paid very well and named to its powerful compensation committee. 10. In addition to new committee chairs Strauss and Mulroney, the company named Growmark Inc. President Glenn Webb to succeed Archer as head of the compensation committee. |
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