For years, the debate over whether companies pay wages high enough to keep workers above the poverty levels has grown louder and louder. The fruits debate of this includes increases in minimum wages in many states. Additionally, companies like Amazon.com and Walmart have bumped up their lowest hourly pay in an attempt to address the…
2020 will go down in the corporate annals as the year of the CFO. That’s a bold pronouncement, but at a time of extraordinary economic uncertainty during a literal existential crisis, CEOs of private companies (and publicly traded ones, too) turned to the professional knowledge and judgment of their CFOs to plan, manage and direct…
In recent years, tax gross-ups, along with many other executive perquisites, have fallen out of favor with investors and been on the decline. However, the practice persists for certain members of the C-suite. Nearly a third of S&P 100 companies awarded gross-ups to at least one executive last year, while over a fifth of companies…
Amid the pandemic, lockdowns and later a tightening job market, employee pay diverged at Florida’s large public companies in 2020. The median employee pay fell by more than 5% at 16 companies, rose by at least 5% at 35 and hovered within that range for the rest. Florida Trend examined data provided by MyLogIQ from…
A Democratic proposal to tie taxes for big companies more closely to their financial accounting could distort public financial disclosures, inject politics into accounting rule-making and complicate financial reporting for large companies, according to accounting and tax experts and investors. The proposal, which passed the House by a seven-vote margin on Friday, is intended to…
Although executive perks are declining overall, one of the more common perks offered to executives is financial planning services. Indeed, about 29% of companies in the S&P 500 provided some form of financial planning perk to executives last year, according to Main Data Group. The perk is more common among the largest companies: of the NEOs…
Boards often devote plenty of time to succession planning and the compensation aspects of the CEO position, but a key piece involves the second in command. Even if the new CEO pick is the right choice, changes at the top can destabilize the C-suite, particularly if the CFO isn’t meshing with the CEO or feels…
Archer Aviation Inc. is years from producing its only planned product, a four-passenger electric air taxi that the main U.S. regulator hasn’t yet certified. It hasn’t generated any revenue. Still, the co-founders of this three-year-old company got a huge payday last month, a $99 million special stock award that stands to quadruple if Archer hits other milestones—thanks to a…
A year that included both a market recession and a rebound, 2020 saw equity compensation for named executive officers increase by 3.7% at companies in the S&P 500, according to data from public company intelligence provider MyLogIQ. While median equity comp was up for executives in 2020, financial performance was not. At S&P 500 companies, the…
The calls to diversify board leadership are justified for many reasons. First, it’s about time corporate leadership started looking like the rest of the employee base and the customers they serve. Second, diverse leadership can have a positive, cascading effect on inclusion and company culture. It has also proven to lead to better decision-making and more profitability. The…
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