There are several reasons for boards to move on from a compensation consulting firm, and as the mandate facing comp committees increases in magnitude and scope, some comp consultants may not be the right fit any longer. According to data from public company intelligence provider MyLogIQ, 299 Russell 3000 companies switched comp consulting firms between 2019…
As the downturn has affected a growing number of companies, it has become plain that “no one is immune” from letting workers go, in the words of Richard Florida, who teaches economic policy at the University of Toronto. Yet as our most recent research shows, some companies are better inoculated than others from having to…
A great deal has been written about how the CEO jobs at America’s largest companies are almost exclusively held by white men. At the other end of the spectrum, the number of female chief executives of color is extremely small: only four. According to research by MyLogIQ, which uses artificial intelligence and machine learning to analyze…
As the time of year approaches when many board committees conduct reviews of director compensation, boards are pressing pause on annual increases to cash and equity retainers, and only making small surgical changes to compensation programs if it appears necessary due to leadership transitions. George Paulin, chairman and CEO of Frederic W. Cook & Co., says…
Boards should expect pressure from investors and regulators to disclose more information on workforce health and safety measures in light of the Covid-19 pandemic, experts say. Major investors say the current disclosures aren’t detailed enough, and a large group is pressuring the SEC to ramp up disclosure requirements on the effectiveness of companies’ human capital–related measures. The…
As bad as the pandemic job losses have been, with around 31 million Americans on unemployment rolls, it could actually have been worse. Some companies have managed to cut their labor costs to save money, without resorting to permanent layoffs — at least so far. In a recent survey of HR managers, outplacement firm Challenger, Gray & Christmas found…
A new study titled “The Face of Corporate America” examines the racial and gender figures for S&P 500 chief executive officers. The analysis was done by MyLogIQ, Public company intelligence provider, and it shows that only 11% of the CEOs among the companies are people of color. The gender figures and figures about female CEOs of color were…
When meat orders from restaurants, hotels and other food-service clients dried up at two of Hormel Foods Corp.’s plants in April, finance chief Jim Sheehan chose to furlough roughly 350 workers, but didn’t lay them off. These furloughed employees didn’t receive pay but got benefits such as health care. It was a careful calculus. After years of effort…
Getting more women into the corporate boardroom has been a high priority governance issue for several years globally. While there has been progress, has it been enough? According to data from MyLogiq, 30% of corporate directors are female for the companies in the Dow 30, while only 23% are female for companies in the Russell 3000…
While many executives continue to work from home, data shows that travel by corporate aircraft and chartered and fractionally owned jet fleets has begun to take off in recent weeks. That trend is likely to continue through 2020 as companies seek to reduce the risk of CEOs’ being exposed to the coronavirus. Accordingly, sources say…
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