Discovery Inc Chief Executive David Zaslav received total compensation valued at $246.6 million in 2021, including nearly $203 million in options grants, more than sextupling his compensation from the year before, the company said in a securities filing Monday. Mr. Zaslav’s compensation package is the highest CEO pay reported by any S&P 500 company so… Continue reading Discovery CEO Received $246 Million in Compensation in 2021, Including Big Options Grant
Tag: CEO
The Largest Equity Grants of 2020
A year that included both a market recession and a rebound, 2020 saw equity compensation for named executive officers increase by 3.7% at companies in the S&P 500, according to data from public company intelligence provider MyLogIQ.
While median equity comp was up for executives in 2020, financial performance was not. At S&P 500 companies, the median revenue shrank by 0.7% in 2020 compared with 2019, according to data from Farient Advisors. Median earnings per share at S&P 500 companies also decreased in 2020, down 1.3% from 2019, said Eric Hoffman, vice president and leader of information services at Farient.
Nonetheless, Hoffman said he expects equity grants for this year and 2022 to fall in line with the increases of the last several years as companies do their best to retain talent.
Meet the Highest Paid CEO in S&P 500, Paycom’s $211 Million 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.
The 50-year-old executive started the software company in 1998 and has run it since. He is Paycom’s largest shareholder, with a stake worth $3.2 billion. A surge in the stock price landed Mr. Richison on the billionaires list kept by Forbes magazine. Late last year, he signed the Giving Pledge created by Bill Gates and Warren Buffett, publicly promising to give away at least half his wealth.
…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.
Caterpillar Puts CEO Back in Charge of Board
Caterpillar Inc.’s CAT 0.35% chief executive Jim Umpleby has been named chairman of the machinery giant’s board as well, cementing his leadership nearly two year into his tenure. The move reverses Caterpillar’s decision to split the CEO and chairman positions last year. Corporate governance experts say that having a separate chief executive and board leader can improve oversight and… Continue reading Caterpillar Puts CEO Back in Charge of Board
CEO Pay Shrank Most Since Financial Crisis
Compensation for the chief executives of the biggest U.S. companies fell more sharply last year than any year since the financial crisis, as weaker corporate performance slowed cash bonuses and accounting rules pared back pension growth. Median pay for the CEOs of nearly 300 large publicly traded companies slipped 3.8% to $10.8 million last year… Continue reading CEO Pay Shrank Most Since Financial Crisis