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"And just who's going to be on this compensation committee?"
Instead, they say, it should be the responsibility of the board's compensation committee.
The compensation committee would be made up of independent directors.
He is a member of both its executive and compensation committees.
I do not know what is presented to the compensation committee in advance.
My answer to all three is that it should be the compensation committee."
The amount was not mentioned in Denny's compensation committee report.
By 1997, the compensation committee had grown to 12 people, with 5 of them financial executives.
The workers compensation committee has expressed alarm at this position.
After all, a representative of the union sits on the board's compensation committee.
In effect, he chooses the board - and thus the members of the compensation committee who decide his pay.
She was also on the compensation committee until 2000.
The compensation committee of the board conceded that it had made an error.
The fund also questioned the independence of the company's compensation committee.
He said the compensation committee of Salomon's board had made the decision at his suggestion.
"The documents indicate to us there was no compensation committee till 1993," she said.
The other compensation committee members were also considered but absolved of responsibility.
The company said its compensation committee had chosen the premium options to put a strong focus on pay for performance.
She said the compensation committee was reducing its reliance on stock options.
The pressure on compensation committees to seek out independent pay advice is very likely to continue.
"The most common reference used by compensation committees must be a table of random numbers," he said.
"I think independent directors and certainly the compensation committee members are going to be looking at such things as longer holding periods."
But the report attempted to clear the directors on the compensation committee of any legal wrongdoing.
It will be paid in either cash or stock, as determined by Disney's compensation committee.
And to the idea that compensation committees are independent, he says "double bull."