Income inequality is a growing problem in the United States. In cities across the country, the rich are getting richer while the poor are getting poorer. Perhaps nowhere is the problem more apparent than in the corporate world. In some of the largest and most recognizable global companies, chief executives earn in less than an hour…
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…
As U.S. companies disclose what they pay typical workers, one thing is clear: A lot can change in a year. Jefferies Financial Group Inc. almost tripled what it paid its median employee last year. Median pay rose by nearly 60% at Macy’s Inc. and by almost a quarter at biotech Celgene Corp. It fell by two-thirds at Coca-Cola Co. and by more than a quarter at…
Directors report that they are stepping down in order to support their boards’ aims to refresh the board composition. While mandatory retirement age is still a main driver of board turnover, some directors are leaving their board seats because it’s “simply the right time.” Sandra Beach Lin, chair of the nominating and governance committee on…
Discovery Inc. DISCB -1.47% Chief Executive David Zaslav received total compensation valued at $129.4 million in 2018, more than three times his compensation the year before, the company said in a securities filing Friday. The compensation package makes Mr. Zaslav the highest paid U.S. executive of 2018, according to filings so far. His salary in 2018 remained flat at…
Salaries and wages have always been a hot-button issue no matter what industry you may work in. From gender to executive pay gaps, many workers are always curious about where they stand in comparison to others. And, while your salary really depends on where you live, with the average American income varying by state, an updated chart by The Wall…
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…
The strong U.S. economy has created millions of jobs and pushed up wages for many Americans. It also helped many big-company CEOs secure another raise and total compensation worth $1 million a month. Median compensation for 132 chief executives of S&P 500 companies reached $12.4 million in 2018, up from $11.7 million for the same group in…
Over 1,000 companies, including Amazon, JPMorgan and Walmart, have disclosed how they compensate workers. Find out where your pay stands. For the second year, most publicly traded U.S. companies are disclosing how much a typical employee makes. Compare yourself with the median employee at particular companies or across an entire sector, using data from MyLogIQ.
Given the amount of expertise, judgment and skill required in hiring a new CEO — to say nothing of time — special retainers for leading a CEO search or executive transition used to be de rigueur. But no longer. A survey conducted by TheCorporateCounsel.net asking if boards had paid a special fee for serving on a CEO…