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The Most Overpaid CEOs In America (OXY)
Source: http://www.businessinsider.com/obermatt-overpaid-underpaid-ceos-america-2012-2
Executive compensation is one of the most ironic hotly-debated topics out there. It’s hotly debated because people often complain that CEOs are overpaid. It’s ironic because most of the people who complain about excessive pay have the capacity to do something, yet they do nothing.
You see, every year shareholders of a company are mailed a Form DEF 14A, also known as the proxy statement. In the proxy are the details of the company’s executive compensation plans, and they are typically written plain English. If shareholders don’t like the plan, they vote it down.
But many shareholders will receive the proxy in the mail and throw it right into the trash. And by default, they vote in favor of whatever plan is recommended by the Board.
Anyways, research firm Obermatt (via The Economist) computed the excess pay of CEOs of the S&P 100 companies. Excess pay is calculated as deserved pay less actual pay. Deserved pay is measured considering earnings growth and shareholder return and the compensation practices of peer group companies.
On the top of the “Most Overpaid” list is Occidental Petroleum’s Ray Irani. Irani is widely considered the poster child of excessive pay.
On the bottom are fan favorites Steve Jobs and Warren Buffett.
Here’s a chart of Obermatt’s rankings courtesy of The Economist:
SEE ALSO: These CEOs Were Paid $100+ Million To Quit >
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Sony’s Ultra High Definition TV will come with world’s first 4K delivery system
Source: http://www.engadget.com/2012/11/19/sony-4k-ultra-hd-first-content-delivery-system/
If there’s $25,000 or so burning a hole in your pocket and room in your living room for Sony’s 84-inch XBR-84X900 Ultra HDTV, but you’re worried about a lack of 4K res content to play on it, allow us to put your mind at ease. Sony’s Ray Hartjen has picked up the blogging pen and revealed each of the supersized sets will ship with “the world’s first 4K Ultra HD delivery solution, complete with pre-loaded, native 4K entertainment.” There’s no specifics on what the pack-in content will be (or what form the “delivery system” will take), but he says it will include full length feature Hollywood productions exclusive to purchasers, probably courtesy of Sony Pictures. We’re told to expect more details after Turkey day, so stay tuned.
Filed under: Displays, Home Entertainment, HD, Sony
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Source: The Sony Blog
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