As more states require companies to share information on salary transparency, the question of pay equity between executives and workers is being taken up by unions, shareholder activists, and researchers who question why CEO pay has ballooned in recent years. But the latest batch of executive compensation disclosures filed with the Securities and Exchange Commission…
“Fair” is a subjective term when it comes to compensation. Does someone whose leadership drives a company’s stock price to new heights deserve compensation that’s exponentially higher than the people working for him or her? Sometimes, perhaps. At some point, though, the ratio between pay for folks at the top of the org chart and…
In July of 2023, right before the start of the actors’ strike and more than two months into the Hollywood writers’ strike, Disney CEO Bob Iger was attending investment firm Allen & Company’s annual Sun Valley Conference, an event known as “summer camp for billionaires.” It was there—the same day it was announced that his…
The SEC’s Division of Corporate Finance has sent hundreds of comment letters this year questioning the prominence of non-GAAP figures in companies’ earnings releases and other filings in what experts said is an easy gotcha for the staff. …In a review of comment letters sent to Russell 3000 companies between January 2022 and May 2023…
Of the many worries that whirl around the minds of chief executives, few are more unsettling than the question of succession. Having toiled their way to the top of the corporate ladder, many bosses struggle to imagine relinquishing control and placing their legacy in the hands of another. A growing number of America’s bosses have…
Companies are increasingly weighing the risks surrounding artificial intelligence, based on separate reviews of 10-Qs and 10-Ks by public company intelligence provider MyLogIQ and AlphaSense. Similarly, research company TipRanks recently noted a 646% increase in risk disclosures mentioning AI since 2018. Such risks range from privacy concerns to intellectual property use to compliance to reputational…
Even with unabated economic headwinds and a stunning number of tech layoffs — with an estimated 64,865 affected workers in 2023 so far, according to Layoffs.fyi, in addition to the over 47,000 laid off last year — workers in Silicon Valley’s flagship industry were getting paid handsomely through 2022. The average median salary of 15…
Facebook’s parent company Meta and Google’s parent company Alphabet have collectively laid off thousands of employees till now. However, despite the mass layoffs, the companies were amongst the top three paying companies last year, a new report states. Meta and Alphabet amongst top payers According to a Business Insider report originally attributed to The Wall…
Facebook parent company Meta and Google parent company Alphabet were among the top three highest-paying public companies. Meta ranked second in terms of median salary, offering employees a median wage of nearly $3,00,000 (roughly Rs 2.46 crore), according to a report by the Wall Street Journal. Alphabet followed closely behind at the third spot with…
In a year marked by tech layoffs and high inflation, competition for workers helped to lift paydays at most S&P 500 companies for the second straight year, according to a Wall Street Journal analysis. Compensation for the median worker at 278 companies in the S&P 500 index was higher in 2022 than in the year…
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