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… Continue reading In a Bumper Year for CEO Pay, One Chief’s $161 Million Award Swells to $1.3 Billion
Category: WSJ
Auto CEOs Make 300 Times What Workers Make. How That Stacks Up.
United Auto Workers President Shawn Fain has criticized the Big Three automakers for the raises given to their CEOs in the past few years, saying wage gains for rank-and-file employees haven’t kept pace. By one measure—the ratio of the CEO’s pay to the median worker’s—automakers have a wider pay gap than most large companies. And… Continue reading Auto CEOs Make 300 Times What Workers Make. How That Stacks Up.
A Breakdown of Paydays at America’s Biggest Companies
In a year marked by tech layoffs and high inflation, competition for workers helped to lift paydays at most S&P 500 companies for the second straight year, according to a Wall Street Journal analysis. Compensation for the median worker at 278 companies in the S&P 500 index was higher in 2022 than in the year… Continue reading A Breakdown of Paydays at America’s Biggest Companies
Foreign Companies’ Supply Financing to Face Greater Disclosure Rules Next Year
An international accounting standards-setter has moved up by a year the timing for when companies would have to disclose details on their supply-chain financing, a move aimed at improving transparency after several high-profile blowups in recent years. The International Accounting Standards Board, which sets standards required globally, tentatively agreed at a Feb. 20 meeting on… Continue reading Foreign Companies’ Supply Financing to Face Greater Disclosure Rules Next Year
SEC Expected to Raise More Questions About How Firms Calculate Non-GAAP Measures
The Securities and Exchange Commission is expected to ask more companies to explain how they calculate performance measures that go beyond U.S. generally accepted accounting principles, a move to gauge whether these metrics could potentially mislead investors. The U.S. securities regulator for years has monitored companies’ use of so-called non-GAAP earnings measures in their financial… Continue reading SEC Expected to Raise More Questions About How Firms Calculate Non-GAAP Measures
Saudi Arabia Lures Executives to Neom With Million-Dollar Salaries, Zero Taxes
Saudi Arabia’s megadevelopment Neom is paying senior executives roughly $1.1 million each annually, according to an internal Neom document, showing how the kingdom is using large pay packages to lure global talent to Crown Prince Mohammed bin Salman’s national transformation plan. Neom is the most ambitious project in Saudi Arabia and one of dozens of… Continue reading Saudi Arabia Lures Executives to Neom With Million-Dollar Salaries, Zero Taxes
Google’s Owner Paid $296,000 to a Typical Worker. Here’s What Other Firms Pay
With a booming economy and a tight job market, median pay rose last year for most S&P 500 companies, according to a Wall Street Journal analysis. Google parent Alphabet Inc. and Facebook’s Meta Platforms Inc. had the highest-paid median workers, at almost $300,000. They were among nearly 150 companies that said their median employee earned… Continue reading Google’s Owner Paid $296,000 to a Typical Worker. Here’s What Other Firms Pay
Looking for $100,000 Salary? See How Much the Biggest U.S. Companies Pay Workers
Wages for the median workers at the majority of big American companies are higher than they were before the pandemic, with the tight job market helping to lift paydays for many bank tellers, factory workers and software programmers. Compensation in 2021 for the median worker at 275 companies in the S&P 500 index was higher… Continue reading Looking for $100,000 Salary? See How Much the Biggest U.S. Companies Pay Workers