News By Tag
News By Location
Masco Corporation Executive Pay under Investor Investigation
An investigation on behalf of current long term investors in Masco Corporation was announced and NYSE-MAS stockholders should contact the Shareholders Foundation at email@example.com
If you are a current long term investor in Masco Corp. stock and/or if you have any information relating the investigation including whistleblowers and former employees, you have certain options and you should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether the directors and officers of Masco Corporation harmed the company by breaching their fiduciary duties to shareholders. In particular the investigation on behalf of current long term investors in Masco (MAS) focuses on possible shareholder claims that certain of Masco’s senior officers and executive were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation in past years.
Masco’s CEO earned a total of $10.058million in 2010, its CFO $2.45million, and its COO $4.847million.
However, Masco’s shareholders recently expressed their disdain for executive pay packages by voting “no” on Masco Corporation's say on pay provision. Masco Corporation received only 45 % support for its pay practices at its May 10 annual meeting, according to a company filing.
The investigation concerns possible claims that the prior compensation awarded at Masco Corp. is improper based upon its current operating condition.
Masco’s 12months Total Revenue declined from $11.413billion in 2007 to $7.592billion in 2010. Its Net Income of $386million for 2007 fell to a Net Loss of $1,043million in 2010. For the first quarter in 2011 Masco Corp. reported lower quarterly Revenue of $1.772billion compared to $1.852billion a year earlier. Its quarterly Net Loss rose from $7million for the first quarter in 2010 to $46million in the first quarter in 2011.
Even though shares of Masco Corporation (Public, NYSE-MAS) increased from as low as $3.90 in March 09 to $18.35 in April, respectively $12.35 per share recently, NYSE MAS stock had fallen before from as high as $33.93 per share in February 2007.
The investigation seeks to determine whether certain senior officers and executives at Masco Corporation were awarded salaries, bonuses, stock options and other forms of long-term, ‘incentive’
Finally the investigation focuses also on possible shareholder claims that would allow Masco Corp. (MAS) stockholders to more efficiently influence or control future compensation decisions at Masco Corporation.
Those who are current long term investors in Masco Corporation (Public, NYSE- MAS) stock and/or those who have any information relating the investigation including also whistleblowers and former employees, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
# # #
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.