National / International News

The complicated formula — and incentives — behind CEO pay

Marketplace - American Public Media - Fri, 2015-04-24 12:45

Long ago, CEO pay came in the form of a CEO paycheck — and perhaps a bonus. 

Today, Aaron Boyd, director of governance research at executive compensation firm Equilar, says those cash payments are dwarfed by the roughly 65 percent of compensation for S&P 500 CEOs that comes in the form of stock.

Time-based Stock: Stocks that are awarded once you have worked at a company for a specific amount of time, such as 5 years. 

Performance Stock: Stocks that are awarded if the company meets certain metrics, like revenue goals or earnings per share.

Raghu Manavalan/Marketplace

The shift to stock was motivated in part by regulators' and shareholders' desire to make CEOs more accountable.

"The obvious thing to do for the CEO would be to just, you know, relax, definitely slack off on our dime," says Lalitha Naveen, associate professor of finance at the Fox School of Business at Temple University.

"If you want to prevent that then you want the CEO to think like a shareholder," Naveen says. 

Most of that stock compensation itself is now tied to some further performance metrics. But Kevin Murphy, professor of finance and business economics at the USC Marshall School of Business, thinks while the idea sounds good on paper, it's only created more ways to game the compensation system.

LGBT Activists Push States To Expand Anti-Discrimination Laws

NPR News - Fri, 2015-04-24 12:40

The Supreme Court hears arguments over same-sex marriage on Tuesday. But laws still exist in many states that allow discrimination against LGBT people in employment, housing and public accommodations.

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In Charlotte, Police Use Simulators To Engage Community Amid Distrust

NPR News - Fri, 2015-04-24 12:22

In the wake of several police shootings of unarmed black men, many police departments are holding community forums to talk to residents about policing.

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At The Heart Of A Watch, Tested By Time

NPR News - Fri, 2015-04-24 12:22

Watchmakers have long thrived by selling timepieces that will be cherished as family heirlooms. But, if pragmatism rendered the pocket watch obsolete, what happens when watches become computers?

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Young Trafficking Victim's Story On NPR Leads To Senator's Amendment

NPR News - Fri, 2015-04-24 12:16

Hearing the NPR story of a young woman's struggle to wipe away her conviction on prostitution charges inspired New Hampshire Sen. Jeanne Shaheen to introduce legislation to help other victims.

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Labour candidate gets 'death threat'

BBC - Fri, 2015-04-24 12:15
A senior Scottish Labour politician has had a death threat left on his answering machine, the party says.

VIDEO: Plasticine art on show at Sotheby's

BBC - Fri, 2015-04-24 12:10
Henry Hudson has impressed the art establishment with his unique use of Plasticine, and now Sotherby's is exhibiting his new work.

Scientists Discover Massive New Magma Chamber Under Yellowstone

NPR News - Fri, 2015-04-24 12:05

The newly discovered chamber is 4.5 times larger than the shallow reservoir already known and it contains enough partially molten rock to fill the Grand Canyon 11 times.

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IS posts 'health service' video

BBC - Fri, 2015-04-24 12:05
Islamic State appears to have released a promotional video for its own health service featuring NHS-style branding and an Australian doctor.

Sabeen Mahmud, Pakistani Social Activist, Shot Dead In Karachi

NPR News - Fri, 2015-04-24 11:38

Mahmud ran the city's Second Floor café, which she designed as a community space for open dialogue. It had just hosted an event on the political situation in Pakistan's Balochistan province.

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World Cup trophy is brought to NI

BBC - Fri, 2015-04-24 11:28
The World Cup trophy is brought to Northern Ireland for the first time for the premiere of the film Shooting for Socrates.

At A Georgia University, Tension Between Free Speech, Patriotism Sparks Protest

NPR News - Fri, 2015-04-24 11:25

Hundreds of people showed up at the campus of Valdosta University to fly American flags, after other protesters desecrated a flag last week.

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Incident investigated in Pontypridd

BBC - Fri, 2015-04-24 11:23
At least four police vans and 10 officers are attending a serious incident in Pontypridd town centre.

CinemaCon: Where Hollywood entices theater owners

Marketplace - American Public Media - Fri, 2015-04-24 11:15

The place for Hollywood insiders to be this week was not on the lot or a fancy restaurant in Beverly Hills. They weren't in California at all. Instead, all eyes were on Las Vegas.

The biggest stars, directors and studios crowded into a high-tech theater at Cesar's Palace, where they showed new trailers, behind-the-scenes footage and even some full-length films. Plus, the latest and greatest in sound and theater technology.

It's a confab you might not be familiar with, called CinemaCon. Unlike, say, Comic-Con, movie fans are not invited. Instead, theater owners from around the world come to see everything from the latest projectors, new food items to sell alongside the popcorn, and of course, the movies themselves. 

"In this day and age, a theater owner could watch a trailer back home. But this is a way to sort of make them feel special and give them attention," said Pamela McClintock, senior film writer for the Hollywood Reporter, who was in Las Vegas covering the event. 

That attention included big stars announcing big new projects. Vin Diesel paid homage to Paul Walker and announced that yes, there will be an eighth movie in the "Fast & Furious" franchise. Tom Cruise presented footage for the next "Mission: Impossible film." But that wasn't all. 

He "talked about doing the stunt where he's hanging off the side of the airplane, which you see in the trailer," McClintock said. "They showed unedited footage and you could see the rope where we was hanging... It really was him."

 

 

Your Wallet: Ceilings

Marketplace - American Public Media - Fri, 2015-04-24 11:05

Next week's show is about ceilings.

And we want to know: what are the ceilings you've bumped up against in your career?

Tell us what happened.

You can write to us here

Or on Marketplace's Facebook page.

Or on twitter ... We're at @MarketplaceWKND

Giggs will be next boss - Van Gaal

BBC - Fri, 2015-04-24 10:53
Louis van Gaal believes Ryan Giggs will succeed him as Manchester United manager when he eventually leaves the post.

Swiss town ends St Bernard snaps

BBC - Fri, 2015-04-24 10:36
Officials in the Swiss mountain resort Zermatt say they are ending the practice of allowing tourists to pose for photos with the iconic St Bernard dogs.

How Rosberg can overtake Hamilton

BBC - Fri, 2015-04-24 10:28
BBC F1 analyst Allan McNish compares the form of Mercedes' Lewis Hamilton and Nico Rosberg - and how the German can beat him.

Peanut manslaughter accused in court

BBC - Fri, 2015-04-24 10:26
A restaurant owner appears in court charged with the manslaughter of a customer with a peanut allergy, who died from anaphylactic shock.

CDC Warns Of More HIV, Hepatitis C Outbreaks In Drug Users

NPR News - Fri, 2015-04-24 10:21

The U.S. epidemic of injected opioid use could lead to severe outbreaks of HIV and hepatitis C like those now occurring in Indiana, the Centers for Disease Control And Prevention said Friday.

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