The Covid-19 crisis wreaked havoc on the global economy, disrupted supply chains and cost millions of people their jobs. But for those who remained employed throughout the pandemic, their salaries remained largely unaffected by the Great Disrupter of 2020. According to The Wall Street Journal, the median pay at more than 30% of companies listed on…
While the Covid-19 pandemic disrupted millions of jobs and most businesses, many workers kept their jobs and their salaries — and some saw pay rise. Median pay changed by 5% or less either way at about a third of S&P 500 companies. It rose by more than 5% at 184 companies, and fell by more than 5% at…
While the Covid-19 pandemic disrupted millions of jobs and most businesses, many workers kept their jobs and their salaries—and some saw pay rise. Median pay changed by 5% or less either way at about a third of S&P 500 companies. It rose by more than 5% at 184 companies, and fell by more than 5% at…
The coronavirus pandemic undoubtedly caused upheaval for millions of workers, with many losing their jobs, while others have seen their work seriously disrupted. Many also, however, saw their roles unscathed by the pandemic, while some even saw pay rises, with a new analysis from The Wall Street Journal highlighting the differences in median pay among S&P 500 companies – the…
The number of U.S. public companies labeled with auditor warnings about the ability to stay afloat declined overall during the 12 months ended May 31, but they rose in certain industries hard hit by the pandemic, such as transportation, construction and energy. These warnings, also called going-concern opinions, are published in the annual reports of…
After its business was hit by the pandemic, retailer Ulta Beauty Inc. ULTA -0.82% appears to have used some accounting cosmetics to add a gloss to its financial results. Operating income at the once-fast-growing chain, which temporarily closed stores during the health crisis, plummeted to $13 million for the nine months through October, a fraction of the $613 million earned in the…
The number of physicians on boards shot up in 2020. Some recruiters say this is part of a trend that has been on the rise for the past decade or longer, while others link the jump to the pandemic. In 2020, there were 578 medical doctors on Russell 3000 boards, up from 484 in 2019…
A well-known SoulCycle instructor was met with backlash after getting the Covid-19 vaccine under the guise of an “educator.” MTA board member David Mack is reported to have used his influence to help friends get the vaccine at a retirement home in Palm Beach. The unexpected arrival of 200 vaccines reportedly resulted in vaccinations for western Tennessee politicians, hospital executives’ family members and a florist,…
…Who gets to use the jet in a fractional arrangement varies by company, according to filings gathered by public company intelligence provider MyLogIQ. For example, at Sysco, jet use is made available to directors, named executive officers “and other members of management” for business purposes. At DTE Energy, executives and “other employees” are permitted to use the…
The pandemic has altered how corporate boards view interim roles, with average tenures stretching much longer for certain roles, new research suggests. Going into 2021 with uncertainty still lingering, boards could continue to allow C-suite roles to remain unfilled for longer periods of time. Tenures among interim execs, such as interim CFOs and other named…
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