I don't always see eye-to-eye with the folks at GMI Ratings* because they sometimes delve into social and other issues rather than focusing on shareholders' interests in corporate performance and share price. However, their blog today has some interesting nuggets – especially for those of us who devote countless hours sweating over whether a particular payment or benefit could be deemed "excessive" and trying to do the right thing. The blog calls out (with a dose of humor) three compensation policies that may not quite qualify as best practices:
- Saying Goodbye is Never Easy
- A "Just Because" Bonus or an "Are You Happy Now?" Bonus
- Golden Commute
Consider taking a look in order to lighten your weekend.
*GMI Ratings was formed through the merger of The Corporate Library, GovernanceMetrics International and Audit Integrity. It provides global research coverage of the environmental, social, governance and accounting-related risks affecting the performance of public companies.
November 2 is the birthday of two former U.S. Presidents: James K. Polk, the 11th President (1845–1849), born in 1795, in Mecklenburg County, North Carolina. Polk was the first president to retire after a single term without seeking re-election. He died of cholera three months after his term ended. Warren G. Harding, the 29th President (1921–1923), born in 1865, in Blooming Grove, Ohio. He and his running-mate, Calvin Coolidge, defeated Democrat and fellow Ohioan James M. Cox, in the largest presidential popular vote landslide in American history since the popular vote tally began to be recorded in 1824: 60.36% to 34.19%. Harding died in office from a heart attack or stroke in 1923.