Exxon's Executive Jet Use, Other Perks Are Under Fire From Company Lifer [Business News Network (BNN) (Canada)]
Visa Inc. (V)
Last visa inc. earnings: 4/30 04:01 pm
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Source: Business News Network
use of the corporate jet for personal trips, according to 42-year veteran employee. Bernie Pafford, who worked in chemical research for Exxon until his 2018 retirement, has authored a proposal to end executive-only benefits at the company's annual meeting on May 25. Top managers should be subject to the same strict, global policies that prohibit rank-and-file workers from using company funds for personal benefit, he said in an interview. “It's not about the money involved, it's about credibility,” Pafford said. “Core principles and rules should be the same across the organization. I don't think we as shareholders should be paying to be a travel service for these guys who have earned $10-$20 million a year.” “If it's wrong, then it's wrong and should be eliminated for all.” — Exxon retiree Bernie Pafford The proposal received backing from proxy giant Institutional Shareholder Services Inc. which said such fringe benefits “are not considered to be a best practice.” Pafford first s
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News
- Visa Inc. (NYSE: V) had its price target raised by analysts at Robert W. Baird from $314.00 to $320.00. They now have an "outperform" rating on the stock.MarketBeat
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- Should You Expect Attractive Growth for Visa (V)? [Yahoo! Finance]Yahoo! Finance
V
Earnings
- 1/25/24 - Beat
V
Sec Filings
- 4/9/24 - Form EFFECT
- 4/8/24 - Form SC
- 4/8/24 - Form 424B3
- V's page on the SEC website