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| fiction, drummers tools, children, john craven, weigh, live jazz, email, restaurant, office software, hawtin, garfield catalog, personal finance investing, the cat, comics & graphic novels, | Instead, all the money comes from the companies pictorial works -- which often contribute 5% or more, said Janet Den Uyl, compensation expert for Mercer Human Resource Consulting. Tyco International, for example, tucked $268,540 into the deferred compensation account of Richard J. Meelia, the president of its pictorial works health care arm -- or about 14% of the $687,191 in salary and $1.19 million in bonuses Meelia was paid last year. Tyco’s contribution pictorial works for Chairman and CEO Edward D. Breen was slightly less rich: $251,665 on salary and bonuses of $3 million.Guaranteed returns. Your 401(k) may swoon or stagnate, depending on market swings, but your company’s top leaders may enjoy guaranteed minimum returns.Enron’s |
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| Do you needlife insurance?Get a quote.How they keep it quietAll too often, though, it’s easy -- and legal -- email for companies to bury the particulars of their executive pension and compensation plans. Some information is disclosed only email in fine print on footnotes in proxy statements, while other details don’t have to be revealed at all. If a perk costs the company less than $50,000 annually or makes up less than 25% of a compensation package, SEC regulations don’t require disclosure.Investor advocates say companies are becoming increasingly skilled at using vague SEC regulations to hide and email downplay compensation details, making it tough to discern who gets what.What is known about executive pensions is more than enough to illustrate the huge gap between corporate leaders and their underlings. Here’s just a taste:Pumped-up contributions. The maximum company match for a 401(k) is typically 3% of the worker’s salary -- and that’s if the worker contributes 6% or more. Executives, by contrast, typically don’t contribute to their version of a 401(k), known as a deferred compensation plan. |
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