CEO pay

Third and State This Week: The State Budget, Voter ID and CEO Pay

This week, the state budget dominated with the introduction of the House Republican budget. We also weighed in on the cost of a voter ID law and the rules for CEO pay.

IN CASE YOU MISSED IT:

Rules For CEO Pay: Fail by Your Own Standard, Change the Standard

A blog post from Mark Price, originally published on Third and State.

Gretchen Morgenson of The New York Times reports that the executive compensation committee of Wal-Mart has dropped same-store sales from its metric for assesing the performance of Wal-Mart CEO Michael Duke. Morgenson writes:

Why? The change was “intended to align our performance share goals more closely with our evolving business strategy, which emphasizes productive growth, leverage and returns,” Wal-Mart said.

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