In 2022, half of all S&P 500 CEOs earned at least $183 for every dollar earned by their company’s typical employee. This value is $16 higher than it was in 2018, when the SEC first required companies to disclose a number representing the ratio between CEO and median employee pay. At the same time, shareholders are increasingly taking issue with boards’ oversight of workforce issues, while recent events like the February court ruling against Tesla CEO Elon Musk’s $56 million pay package has caused some companies to reevaluate their approach to executive compensation.

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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 new disclosures imposed by the Securities and Exchange Commission starting last year, including a measure of how much executives’ equity awards changed in value during the year. Previously, companies generally disclosed the value of such awards at the time of the grant.

Overall, pay for the top executives at 187 S&P 500 companies raced toward a new high in 2023, rebounding from sluggish growth in 2022, a Wall Street Journal analysis of pay data from MyLogIQ shows.

The post In a Bumper Year for CEO Pay, One Chief’s $161 Million Award Swells to $1.3 Billion appeared first on CompanyIQ.

In reality, however, most large companies aren’t considering this move, according to data from public company intelligence provider MyLogIQ, which searched reincorporation data from Jan. 1, 2014, to March 8, 2024.

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Now, new research could add fuel to the fire.

A recent study suggests that there are widespread discrepancies across directors’ skills disclosures on separate boards. Investors could seize on those inconsistencies to say boards aren’t being forthright about their skills mix, sources said. Critics could also suggest that some boards have higher standards than others when it comes to what counts as expertise..

Two-thirds (66%) of S&P 500 companies disclosed a board skills matrix in 2023 proxies, according to a new report from public company intelligence provider MyLogIQ. This was up 16% compared to 2022.

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A handful of new CEOs will start at other companies later this month, followed by a few more in February and March. By the end of the first quarter, at least 19 S&P 500 companies will have new CEOs in place, MyLogIQ says.

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Companies also appointed a large number of directors with government connections. Some 80% of S&P 500 directors currently say they have government and/or regulatory relations experience, according to public company intelligence provider MyLogIQ.

For example, Consolidated Edison named Catherine Zoi, the CEO of EVgo and former assistant secretary for energy efficiency and renewable energy at the Department of Energy, to its board last month.

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Of the 79 proposals that went to a vote this past season, 41 came from Chevedden, ICS said. Among just S&P 500 companies, there were 69 proposals, MyLogIQ data shows, with 37 coming from Chevedden and 19 from activist investor Kenneth Steiner. Another eight came from the National Legal and Policy Center, the conservative group behind many anti-ESG proposals.

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…Data from public company intelligence provider MyLogIQ showed Prologis CEO Hamid Moghadam taking the cake with total pay of about $48.2 million in 2022. He also was first in terms of annual performance metrics, with 19 separate metrics being mentioned in his proxy statement.

Simon Property Group CEO David Simon was the second-highest earner among this group, with total compensation of roughly $35.7 million last year, and Equinix CEO Charles Meyers placed third with $22.3 million. Simon and Equinix used six and five performance metrics in annual plans, respectively,

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