From exclusive “executive physicals” and club memberships to tax planning, home security systems, and car services, few limits exist when it comes to executive perks. While company aircraft use and Supplemental Executive Retirement Plans top the charts as the two most popular benefits among 250 large companies analyzed by Compliance Week, other favorites offered by […]
Jaclyn Jaeger
Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal, enforcement, technology, and more. Prior to joining CW, she spent four years as a legal reporter for Lawyer’s Weekly. Jaclyn attended undergraduate school at St. Joseph’s College of Maine and graduate school at Emerson College, earning degrees in journalism.
Posted inFrom the Archive
Despite Investor Dislike, SERPs Keep On Coming
If shareholders hope that the Securities and Exchange Commission’s new rules for disclosing executive compensation will bait companies into curbing Supplemental Executive Retirement Plans as an additional perk for executives, corporate boards are not biting. Yet. According to a Compliance Week analysis of perks offered by 250 large companies, SERPs are one of the most […]
Posted inFrom the Archive
Who’s Coming And Going In Governance
Compliance Week regularly tracks various personnel moves, board appointments, product releases, customer wins, and industry gossip in the corporate governance realm. Submit announcements to Compliance Week’s Jaclyn Jaeger. Chief Accounting Officers, Controllers Ianotti Jacksonville, Fla.-based Rayonier has promoted Joseph Iannotti to corporate controller. Iannotti has served as assistant controller of financial reporting since joining Rayonier […]
Posted inData Privacy
Corporate Aircraft Usage By Executives Soars
Two words best describe aircraft usage by corporate C-suite executives: sky high. According to a Compliance Week analysis of the perks offered by 250 large companies, personal use of corporate aircraft was the most common benefit, offered by 76.4 percent of the group. The compensation research firm Equilar further reports that the number of Fortune […]
Posted inFrom the Archive
An Exclusive Report On Perks, Part I
2007 is the first year that companies must divulge in their annual proxy statements all of the lavish perquisites they offer their highest-paid executives—ranging from the personal use of corporate aircrafts, helicopters, and cars to company-paid country club memberships and home alarm systems. And according to a Compliance Week analysis of the perks offered by […]
Posted inRegulatory Enforcement
Courts Start Making e-Discovery Decisions
Corporate lawyers are starting to get their first glimpses into how federal courts will interpret new rules for “e-discovery” in civil litigation. In the more than six months since the amended rules for civil procedure went into effect, courts nationwide are only just beginning to decide the host of questions and disagreements bound to crop […]
Posted inRegulatory Enforcement
‘Secondary Actor’ Lawsuit Hits Fever Pitch
One of the most important securities litigation disputes in years is now hurtling toward the Supreme Court, which must answer the hypersensitive question of whether outsiders that help a company commit fraud can be sued by scammed investors in the company. Briefs for the case, Stoneridge Investment v. Scientific-Atlanta, were due June 11. More than […]
Posted inFrom the Archive
Who’s Coming And Going In Governance
Compliance Week regularly tracks various personnel moves, board appointments, product releases, customer wins, and industry gossip in the corporate governance realm. Submit announcements to Compliance Week’s Jaclyn Jaeger. From The Regulators Scates The Public Company Accounting Oversight Board recently named Gregory Scates deputy chief auditor. Scates played a substantial role in developing PCAOB Auditing Standards […]
Posted inFrom the Archive
CFOs Exempt From Sec. 162 Tax Disclosure
The Internal Revenue Service has released a new guidance to clarify that chief financial officers are not “covered employees” under Section 162(m) of the federal tax code—meaning that companies can deduct the full amount of a CFO’s compensation, rather than only $1 million as Section 162(m) specifies for covered employees. The highly anticipated guidance—which applies […]
Posted inRegulatory Enforcement
Perils GCs Can Face In Backdating Actions
Sealed is the fate of Comverse Technology’s former general counsel, William Sorin, for his role in that company’s backdated stock options. An uncertain future, however, still potentially awaits many more GCs caught up in the Securities and Exchange Commission’s web of backdating investigations. Sorin, 57, the first attorney to plead guilty over allegations that he […]