Today, shareholders will vote on a shareholder proposal at Cummins’ Annual General Meeting asking the Company to disclose a plan linking its CEO pay to the Company’s GHG emission reduction goals. Cummins, a global engine and power equipment manufacturer, is ranked among the highest emitters in the transportation sector. The proposal was filed by shareholder representative As You Sow.
Read MoreShareholder representative As You Sow today released its 2024 “Pay for Climate Performance: Linking CEO Compensation to Emissions Reduction” report, grading 100 of the largest U.S. companies on their CEO climate-related pay incentives and their ability to drive greenhouse gas emission reductions. The report finds that while pay incentives can be powerful motivators, they need to be quantifiable, significant, and linked to robust climate goals.
Read MoreShareholder representative As You Sow today released “Pay for Climate Performance: Linking CEO Compensation to Emissions Reduction” report finding that, while many companies say they link CEO pay to climate reduction goals, such incentives generally lack meaningful metrics or sufficient compensation to incentivize climate progress.
Read MoreAs You Sow today released its 8th annual “The 100 Most Overpaid CEOs: Are Fund Managers Asleep at the Wheel?” report, which focuses on how pension and financial fund managers hold companies accountable for excessive compensation.
Read MoreAs You Sow today released its seventh annual The 100 Most Overpaid CEOs: Are Fund Managers Asleep at the Wheel? report, focusing on how pension and financial fund managers hold companies accountable for excessive compensation.
Read MoreAs You Sow today released its sixth annual The 100 Most Overpaid CEOs: Are Fund Managers Asleep at the Wheel? report, focusing on the nexus between overpaid CEOs of the S&P 500, and the failure of many pension and financial fund managers to hold companies accountable for excessive compensation.
Read MoreAs You Sow released today its “The 100 Most Overpaid CEOs: Are Fund Managers Asleep at the Wheel?” report, focusing on the nexus between overpaid CEOs of the S&P 500, and the failure of many pension and mutual funds to hold companies accountable for excessive compensation.
Read MoreToday’s release of The 100 Most Overpaid CEOs: Are Fund Managers Asleep at the Wheel? from shareholder advocacy group As You Sow revealed that the largest fund managers displayed a strong reluctance to vote against exorbitant executive compensation packages. With a growing number of Americans concerned about wealth inequality, fund managers Blackrock and Vanguard have both been speaking out against high pay packages, but have not often used the power of their proxy cast votes against them.
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