KATIE COURIC CLAUSE
Named after Katie Couric, a highly-paid television host, it is a proposed provision of the Securities and Exchange Commission (SEC) that would require public companies to disclose the salaries of not only its top executives, but also the compensation paid to top earning non-executives, actors, directors, and newscasters.
Katie Couric, former Today Show host, became CBS’s highest paid TV anchor in April 2006, with a salary of $15 million salary over five years.
SEC has not implemented the rules as of July 26, 2006 but agreed they need to monitor the compensation of top non-executives.
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Bullet Loan
Balloon loan paid at the end of the term. The loan will be refinanced to fulfill the balloon payment obligation.
One-Bank Holding Company
A one-bank holding company holds at least a quarter of a commercial bank’s voting stock. Companies of this type led to the formation of lever ...
Foreign Credit Insurance Association - FCIA
A voluntary agency that provides insurance for U.S. exporters. It was formed in 1961.
John Elkann
Chairman of Italian automaker Fiat, and Chairman and Chief Executive Officer of investment company Exor. Both companies are controlled by the Agnel ...
Expected Return
Amount an investor would expect on the return of an investment with various known or expected return rates. This is computed by getting the average ...
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