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Previously, they were based on total shareholder return versus its peers and earnings growth.
Others didn't, thus Nasser can depart BHP while pointing to a superior record on total shareholder returns.
Glenn Booraem, principal and fund controller at Vanguard, said the fund company recognized that assessing pay based solely on total shareholder return was inadequate.
The trouble with relying on total shareholder returns is that these figures can rise even after a company has shown an economic loss — a negative return on capital — over an extended period.
Its goal is to give shareholders a better picture of that relationship: clearer and more thorough disclosure in the annual proxy statement of what the chief executive earns, including pension and stock awards; and more data on total shareholder return, including figures over time and in comparison with other similar corporations.
Similar(52)
Leap was also based on the metric of total shareholder return, made up of share price appreciation and dividends.
The board defended both annual payouts on the basis that Hayward had boosted "operational performance", despite the company performing worse than its competitors in terms of total shareholder return in 2008, and reporting a 45percentt profit fall in 2009.
Look for Return on Net Worth (earnings as a proportion of total shareholders' funds) and Return of Capital Employed (earnings as a proportion of total capital including debt).
Murdoch was approved by 71.55% of total shareholders when Fox's voting power was included.
"From a stockholder perspective, our goals are focused on delivering total shareholder returns over the business cycle in the top 25% of the S&P 500..
The value of Redstone's performance share units will depend on the total shareholder return of CBS stock compared with the total shareholder return of companies in the Standard & Poor's 500 Composite index, the company said.
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