The coronavirus pandemic undoubtedly caused upheaval for millions of workers, with many losing their jobs, while others have seen their work seriously disrupted. Many also, however, saw their roles unscathed by the pandemic, while some even saw pay rises, with a new analysis from The Wall Street Journal highlighting the differences in median pay among S&P 500 companies – the…
The killing of George Floyd in police custody a year ago and the subsequent protests prompted pledges from U.S. business leaders: They would fight racism and work to recruit and promote Black and other minority employees. Now, more companies are putting money behind those pledges by tying executive compensation to specific goals. In January, Starbucks Corp. said it would give…
Median pay reached $13.4 million for chief executives of the biggest U.S. companies in 2020, setting a fifth straight annual record in a year when businesses and their leaders battled a global pandemic. Most S&P 500 CEOs got raises of about 5% or more as their companies recorded annual shareholder returns of about 8%, according to…
Discovery Inc. DISCB -1.47% gave Chief Executive David Zaslav 14.8 million stock options on Sunday, the day before the company and AT&T Inc. T -1.14% announced a plan to merge Discovery with AT&T’s WarnerMedia unit, according to a securities filing. The company valued the option grants at roughly $190 million on Wednesday evening, taking into account the company’s share-price volatility and potential stock appreciation over…
Last year was a terrible one for travel of any sort. You would not know it from the way some American chief executives trousered pay. Annual filings show that Larry Culp, boss of ge, whose jet-engine business stalled as aviation nosedived, earned $73m, almost triple his total pay in 2019. Christopher Nassetta, ceo of Hilton, a hotel…
For years, CEO pay has caused a battle at many companies between board members and shareholders. Board members say chief executive officers are rate commodities, trained for years to run some of America’s largest public companies. Many shareholders and public activists do not see why CEOs should make hundreds of times more than schoolteachers and…
For years, CEO pay has caused a battle at many companies between board members and shareholders. Board members say chief executive officers are rate commodities, trained for years to run some of America’s largest public companies. Many shareholders and public activists do not see why CEOs should make hundreds of times more than schoolteachers and…
Finance executives at America’s biggest companies received a collective 7% pay rise last year as many of them steered their firms’ finances through the pandemic, though not all saw their compensation increase. Chief financial officers at the largest 100 companies in the S&P 500 by market capitalization that disclosed executive pay through April 12 received…
Among the perks of being a chief executive officer are private security and the use of company aircraft. Among the CEOs who spent the most on private aircraft last year was Mark Zuckerberg, founder and chief executive of Facebook. He spent $1,848,630 in 2020, $2,952,255 in 2019 and $2,597,320 in 2018. Zuckerberg’s cost of private…
In spite of unemployment rates as high as 14.8% during the height of the pandemic in April 2020, the salaries of CEOs at S&P 500 corporations rose to record levels in 2020. Based on data from MyLogIQ, among S&P 500 CEOs who disclosed their compensation, 206 of 322 earned more in 2020 than in 2019, with…
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