Page 649 - Bruce Ellig - The Complete Guide to Executive Compensation (2007)

634 The Complete Guide to Executive Compensation

1933 Securities Exchange Act (requirements for stock sales to public)
1933 Hawthorne studies (Western Electric)
1934 Securities Exchange Act (SEC and insider trading)
1934 Stock appreciation rights (Marshall Field)
1935 SEC publishes insider stock transactions
1935 American Institute of Accountants is formed to provide guidance on Generally
Accepted Accounting Principles (GAAP) until Accounting Principles Board
formed in 1959
1936 Career earnings pension plan (AT&T)
1936 The General Theory of Employment, Interest and Money published (Keynes)
1937 Shareholder protection formula (General Electric)
1937 NAM does executive pay survey
1937 Federal Trade Commission pay study
1937 Columbus Day becomes a national holiday (Roosevelt)
1938 Minimum wage and overtime exceptions (Fair Labor Standards Act)
1938 Underwater stock options repriced (Pan Am Air)
1938 Restricted stock purchase plan (Pfizer)
1938 Executive Salaries and Bonus Plans published (McGraw- Hill)
1939 Blue Shield begins (California Physicians Service)

1940–1949
1940 DJIA at 131
1940 Conference Board begins tracking director pay
1940 Final-pay pension plan (General Motors)
1940 Manual of Job Evaluation published (Benge, Burk & Hay)
1940 Five-year grant term on stock options (General Electric)
1941 Executive medical exams (General Electric)
1942 Mandatory deferral of pay portion (General Electric)
1942 Fringe benefits allowed during pay freeze (Wage Stabilization Act)
1943 Paycheck tax witholding (Current Pay Tax Payment Act)
1943 A Theory of Human Motivation published (Maslow)
1944 Special vacation plan (DuPont)
1944 Maximum tax raised to 94% on income over $200,000 (Victory Tax Act)
1945 Stock option grant based on job grade (General Electric)
1946 Job Evaluation and Employee Rating published (Smyth & Murphy)
1946 Dental care (St. Louis Labor Health Institute)
1947 Fringe benefit study begins (U.S. Chamber of Commerce)
1947 Stock option grant based on pay level (Pfizer)
1948 Consultant does executive pay survey (McKinsey)
1948 Maximum tax of 82.13% on income over $400,000 (Revenue Act)
1948 Career service pension plan (UAW)
1949 Installment stock option vesting (General Electric)
1949 Pay for the U.S. president (Truman) set at $100,000
1950–1959
1950 DJIA at 235
1950 Pay increases limited but fringe increases permitted (Defense Production
Act)