Like many companies, Campbell prior to fiscal 2007 had used a combination of stock options and time vesting restricted stock. Beginning with the current fiscal year, they evolved to performance-restricted stock with shares granted having a relative market measure and a financial goal. Hear the journey Campbell's management, compensation committee and independent consultant took to get to this answer. Brainstorm a set of guiding principles linking the interests of executives and shareholders that provide a framework for assessing a company's long-term compensation strategy and choices.
Presenters: Richard Harris, Senior Consultant, Hewitt Associates; Michele Carlin, VP Global Compensation & Benefits, Campbell Soup Company
Click here to view the presentation.