Page 652 - Bruce Ellig - The Complete Guide to Executive Compensation (2007)

Chapter 11. The Past, Present, and Future 637

1974 Appreciation units on book value plans (ITT)
1974 Million-dollar bonus (Revlon)
1974 Performance-based stock options (Corning Glass)
1974 Mega stock option grant (Gulf Oil)
1974 Tandem stock option and phantom stock (General Electric)
1974 Financial Accounting Standards Board (FASB) formed after demise of APB
1975 Clawback stock options (IBM)
1975 Convertible debentures (Westinghouse)
1975 Restricted stock awards (Harris Bank)
1975 CEO pay about 40 times average worker pay
1975 After-tax flexible benefits (TRW)
1976 Dividend equivalents on restricted stock (Xerox)
1976 Tandem stock options and performance units (Xerox)
1976 SARs in tandem with performance units (Xerox)
1976 Executive perquisite allowance (Hewitt)
1976 Tax Reform Act eliminates statutory stock options in 1981
1977 Performance-accelerated stock option vesting (Maryland National Bank)
1978 Revenue Act introduces Sections 401(k) and 125 along with 28% long-term
capital gains (LTCG) tax
1978 Section 125 pretax flexible benefits plan (TRW)
1978 Stock-for-tax withholding on stock options (Citicorp)
1978 FIN 28 (SARs and other variable expense plans)
1979 All 25 executives in Business Week above $1,000,000 in total pay
1979 Single-trigger change of control contract (Bendix)
1979 Iacocca accepts top Chrysler job for $1 salary and stock options
1979 401(k) plan (Johnson & Johnson)
1979 Poison pill created (Lipton)

1980–1989
1980 DJIA at 964
1980 SEC permits stock-for-stock exercise of stock options
1980 Executives have to hold stock-option-accquired stock to again receive a stock
option (Bristol-Myers)
1980 Stock awards for nonmanagement directors (Chemical Bank)
1981 ISO grant (Pfizer)
1982 PARSAP/TARSAP (Gerber)
1982 Stock option performance-forgiven loan (Digital Research)
1982 DJIA at 777 midyear
1982 David Packward worth over $1 billion
1982 Executive Compensation: A Total Pay Perspective published (Ellig)
1982 Double-trigger change of control contract (Bendix)
1983 Stock awards for outside board of directors (Dart Kraft)
1984 All 25 executives in Business Week study above $1,000,000 annual pay
1984 Letter or tracking stock (General Motors)
1984 Evergreen stock plan (Citicorp)
1984 Takeover poison pill (Crown-Zellerbach)
1985 DJIA at 1,546