A new study titled “The Face of Corporate America” examines the racial and gender figures for S&P 500 chief executive officers. The analysis was done by MyLogIQ, Public company intelligence provider, and it shows that only 11% of the CEOs among the companies are people of color. The gender figures and figures about female CEOs of color were…
As companies around the world struggle to mitigate the damage caused by the coronavirus pandemic, executive leadership is being put to the test. CEOs are facing intense scrutiny for how and when they are reopening their companies. While 2020 might see a freeze in CEO salary, 2019 was a good year for executive pay, as…
Chief executive officer pay levels have become part of a heated debate about how much public company leaders should be paid. Some packages have risen into the tens of millions of dollars each year. Shareholder groups have tried to block these large pay packages, but almost entirely without success. CEOs at big companies do work…
At a number of major American companies, compensation for board of director members has come under fire from shareholders in recent years. While director salaries remain a small fraction of CEO salaries (these are the highest paid CEOs at America’s largest companies), they have steadily risen over the past decade. In several recent instances, shareholders…
CEO pay has become a bone of contention between the boards of some public companies and their shareholders. How can a CEO be worth tens of millions of dollars, some investors ask, no matter how good earnings are? Boards argue that the best CEOs are in short supply, and need to be paid sums that…
McDonald’s Corp. (NYSE: MCD) has been among the American companies that pay its workers the least. As some evidence of the ongoing pay problem at the fast-food chain, the U.S. Securities and Exchange Commission has released the compensation of McDonald’s CEO Stephen Easterbrook. He was paid $15.9 million in 2018. That is 2,124 times the median…
The typical employee of The Gap, Inc., the company behind Old Navy, Banana Republic, and Gap clothing brands, earns just under $6,000 a year. Arthur Peck, the company’s CEO, earns as much in about a half hour. While most Gap employees are compensated primarily through wages and salaries, Peck is an exception. Only $1.5 million…
Keeping a job, any job, for 20 years or more is becoming rarer and rarer. The feat may be uniquely treacherous for the chief executive officer of a publicly traded company that is judged on quarterly performance. As goes the company, so goes the CEO’s career. Among the companies that comprise the S&P 500 index,…