Boards have begun making small adjustments to director compensation programs, bringing cash and equity retainers up to market medians and making precision increases to committee and board leadership retainers after two years of leaving pay untouched. A look at 2022 proxy statements filed so far among Russell 1000 companies using public company intelligence provider MyLogIQ…
Several climate-related shareholder proposals went to a vote last week at S&P 500 companies, and most of them failed to garner more than 15% of the vote. While it is unusual for first-time proposals to win high levels of support at annual meetings, the focus on environmental issues among investors and proxy advisors had suggested…
The recent surge in cybersecurity and ransomware attacks has spurred many boards to ask management to take a second look at the cybersecurity protections that they have in place, specifically insurance coverage in the event of an attack with cascading impacts on partners and third parties. Recent estimates show that the global cyber insurance market…
The war between Russia and Ukraine has drawn some cybercriminals away from monetarily driven cyberattacks — such as the typical ransomware attack — and toward hacktivism. Despite that, the number of ransomware attacks is still expected to grow this year, according to a leading cybersecurity company. Directors shouldn’t take some hackers’ new focus as a…
Using Company® compensation data, the Wall Street Journal looks at the biggest CEO pay package. Below is an excerpt from the article by Theo Francis. The head of advertising-technology company Trade Desk Inc. received a pay package last year that the company valued at more than $800 million—and which could leave him holding billions of…
CEO pay has been described as obscenely high by investors, worker activists, and the press. How, these groups ask, can one person be worth millions or even tens of millions of dollars in compensation each year? Asked another way, how can one person be paid so much more than company employees? For example, Aptiv Plc…
The amount of money America CEOs make has been called obscene. It is often many hundred times what their employees earn. The trend has been particularly criticized at public corporations that pay people little more than the locally mandated minimum wage. This has included, in the recent past, such operations as McDonald’s, Starbucks, and Walmart….
The chief executive officers of America’s largest companies have enjoyed pay raises most years for decades. That was interrupted at some public corporations, as the COVID-19 pandemic caused some of them to agree to salary cuts due to a decline in earnings or large layoffs of their workers. U.S. Securities and Exchange Commission (SEC) data…
In the 12 months through March, average hourly earnings soared 5.6% for American workers. Things are going especially well for chief executives. Median pay for CEOS of S&P 500 companies climbed 6% to a record $14.2 million last year from the previous high of $13.4 million a year earlier, according to The Wall Street Journal,…
After a late 2021 surge to over $130 per share, Roblox stock has taken a dive in recent months. The gaming platform is now down roughly 30% from its March 2021 initial public offering price to around $48 per share. Poor stock performance didn’t stop the board from rewarding CEO and founder David Baszucki with…
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