While the Covid-19 pandemic disrupted millions of jobs and most businesses, many workers kept their jobs and their salaries — and some saw pay rise. Median pay changed by 5% or less either way at about a third of S&P 500 companies. It rose by more than 5% at 184 companies, and fell by more than 5% at… Continue reading From Amazon to Starbucks, What Companies Paid Workers in the Pandemic
Category: Fox Business
Meet the Highest Paid CEO in S&P 500, Paycom’s $211M Man
Move over, Elon Musk and Tim Cook. There is a new name breaking into the list of the highest-paid chief executives: Chad Richison, the founder and CEO of payroll processor Paycom Software Inc.
The Oklahoma City billionaire last year was awarded compensation valued at $211 million by Paycom, the company disclosed in the annual proxy statement it filed with the Securities and Exchange Commission last week.
Mr. Richison’s 2020 compensation was worth closer to $702 million, based on the value of the shares underlying the equity awards, according to an independent calculation by ISS ESG, an arm of proxy advisory firm Institutional Shareholder Services.
…His 2020 compensation package makes Mr. Richison the highest paid CEO in the S&P 500 based on disclosures so far, according to research firm MyLogIQ. It is one of the five biggest CEO awards since at least 2010, according to MyLogIQ data.
S&P 500 Companies’ Highest and Lowest Paid CEOs of 2018
David M. Zaslav, the president and chief executive officer of media company Discovery, Inc., came in at No. 1 with compensation of $129.4 million, according to the Wall Street Journal‘s analysis of data from MyLogIQ. The total is a combination of cash pay, stock pay and other sources.
Zaslav’s pay is “nearly all performance-based,” the company said.
In March 2018, he oversaw Discovery’s acquisition of another media company — Scripps Networks Interactive, whose channel properties include the Food Network and HGTV. In June 2018, Discovery said it formed a 12-year partnership with the PGA Tour, which “includes global multiplatform live rights outside the United States to all PGA TOUR media properties totaling approximately 2,000 hours of content per year.”
Find Out How Your Salary Compares to More Than 1,000 Companies
Salaries and wages have always been a hot-button issue no matter what industry you may work in.
For the second year in a row, a majority of U.S. publicly traded companies such as Amazon, JPMorgan and Walmart have disclosed how much their employees earn on average and, more importantly, how that pay compares with its CEO’s salary.
The employee-pay disclosure was first mandated by the 2010 Dodd-Frank Act after the 2008 financial crisis to help shareholders get intel on executive-compensation practices at major U.S. firms. However, last March was the first time U.S. publicly traded firms were required under federal regulations to divulge the information along with its CEO’s pay and the ratio between the two.
The Journal then took that data from MyLogIQ and created a chart across key industry sectors such as energy, tech, finance, health care, industrials and consumers to help workers find out where they stand.
Want the Best CEO? Here’s How Much It Will Cost
Royal Dutch Shell shareholders are not too pleased about CEO Ben van Beurden’s 8.9 million euro (about $10.56 million) annual pay package, with advisory firm Institutional Shareholder Services (ISS) urging investors to reject the company’s executive compensation plan, while the Financial Times has reported that a top 20 shareholder will vote against the latest executive… Continue reading Want the Best CEO? Here’s How Much It Will Cost