{"id":1321,"date":"2009-05-19T20:15:30","date_gmt":"2009-05-20T04:15:30","guid":{"rendered":"http:\/\/hodakvalue.com\/blog\/?p=1321"},"modified":"2009-05-28T17:36:43","modified_gmt":"2009-05-29T01:36:43","slug":"if-you-dont-qualify-for-the-bronze-you-cant-expect-gold","status":"publish","type":"post","link":"http:\/\/hodakvalue.com\/blog\/if-you-dont-qualify-for-the-bronze-you-cant-expect-gold\/","title":{"rendered":"If you don’t qualify for bronze, you can’t expect gold"},"content":{"rendered":"

Shell Oil’s board has suffered one of the worst rebukes a board can bear–the slap down<\/a> of their executive pay package in a “say on pay” vote.<\/p>\n

I’m not a big fan<\/a> of “say on pay,” but when a company sets up an incentive plan based on placing in the top three among a set of peers, then the company places fourth, you can’t expect to get away with:<\/p>\n

“The difference between Shell and the third-ranking company, France’s Total<\/span> SA, was marginal and Shell’s ranking didn’t fully reflect its relative performance.”<\/p><\/blockquote>\n

The Brits, especially, will not countenance a bonus for finishing behind the French.\u00a0 What was the board thinking, really?<\/p>\n","protected":false},"excerpt":{"rendered":"

Shell Oil’s board has suffered one of the worst rebukes a board can bear–the slap down of their executive pay package in a “say on pay” vote. I’m not a big fan of “say on pay,” but when a company sets up an incentive plan based on placing in the top three among a set […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1321","post","type-post","status-publish","format-standard","hentry","category-executive-compensation"],"_links":{"self":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/1321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/comments?post=1321"}],"version-history":[{"count":5,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/1321\/revisions"}],"predecessor-version":[{"id":1372,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/1321\/revisions\/1372"}],"wp:attachment":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/media?parent=1321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/categories?post=1321"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/tags?post=1321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}