In 2023, the leaders of America’s largest companies saw their compensation packages soar to unprecedented levels, driven primarily by substantial stock awards. This surge in executive pay reflects the growing trend of rewarding CEOs with equity, aligning their interests with shareholders and pushing their total earnings to new heights. According to a report by The…
At least five of the highest-paid CEOs in the country run companies based in or with a significant presence in Colorado, according to a new analysis from the Wall Street Journal. The big picture: The majority of chief executives across more than 400 of the nation’s largest companies received year-over-year raises of at least 9%…
Departing Paramount Global CEO Bob Bakish’s exit package is estimated to top $50 million, highlighting a stockholder proposal up for a vote this spring that, if adopted, would require shareholder approval of golden parachutes. Shareholders are targeting nearly two dozen Russell 3000 companies with similar proposals this proxy season, and observers said investors’ focus on…
Compensation committees at S&P 500 companies are increasingly tying annual bonuses to measures beyond financial performance. The inclusion of environmental, social and governance goals in short-term incentive plans has increased fourfold since 2019, according to data collected from proxy statements. Experts say these nonfinancial metrics can serve as useful motivators as companies aim toward specific…
The pay gap between CEOs and their employees has widened over the past half decade, according to an analysis by Agenda of S&P 500 proxy statements. In 2022, half of all S&P 500 CEOs earned at least $183 for every dollar earned by their company’s typical employee. This value is $16 higher than it was…
Chip maker Broadcom gave Hock Tan, its chief executive, a $161 million stock award, instantly landing him among the highest-paid CEOs. His payday could end up being even bigger, thanks to a surge in the company’s share price. Lately, the market has valued the underlying shares at roughly $1.3 billion. The gains are revealed in…
Elon’s Musk’s $56 billion pay package’s upheaval, a hedge fund sanctioned for failing to preserve phone messaging, an order striking down a therapeutic firm’s corporate bylaws — all these adverse rulings occurred in Delaware. Could they be leading some companies to seek a new home in Nevada? In reality, however, most large companies aren’t considering…
Disclosures about directors’ skills and expertise are increasingly coming under the microscope as investors ramp up calls to link board members’ skills with company needs and strategy and activists use the universal proxy to seize upon alleged deficiencies in boardroom competence. Now, new research could add fuel to the fire. A recent study suggests that…
On Jan. 1, several of the nation’s biggest companies — including Morgan Stanley, Kraft Heinz, Sherwin Williams and Costco — welcomed new CEOs. In all, new chiefs took over at a dozen S&P 500 companies on New Year’s Day, according to data from public company intelligence provider MyLogIQ. A handful of new CEOs will start…
Large companies have seen significant board turnover in the past several months, capping off a year of increased focus from stakeholders on individual directors’ skill sets and board refreshment. Companies also appointed a large number of directors with government connections. Some 80% of S&P 500 directors currently say they have government and/or regulatory relations experience,…
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