With nearly one in five S&P 500 companies cutting executive pay in response to the COVID-19 pandemic, CEO compensation remains a topic of significant ESG attention. While we wait to see if the pandemic pay cuts have any long-term impact on executive compensation in 2020 and beyond, we do know that CEO pay in 2019…
13 S&P 500 CEOs Belong to the Thousand Times Plus Club – Our review of the 359 proxy statements filed by S&P 500 companies as of April 14, 2020 indicates that 13 CEOs made more than 1,000 times their employees’ median annual salary in 2019. The chart on page 2 and the table on page…
140 Interim CEOships since 2014 with Avearge Pay of $1.6 Million Between 2014 and YTD 2019, Russell 3000 companies had 140 interim CEO positions with an average total compensation of $1.6 million. Making up those 140 interim CEOships over the past six years were: 126 companies 140 We used our CompanyIQ® compensation tool to review…
Partnering with Gallagher and The Conference Board, we provided executive pay data from the CompanyIQ® executive compensation database to look at trends in CEO pay. Below are some of the key findings. In 2018, for the second year in a row, total CEO compensation grew in the Russell 3000 at a markedly higher rate than…
Say-on-pay votes remain a critical way for shareholders to express discontent with executive compensation packages. But they also act as a barometer for shareholder dissatisfaction with the board. Gauging how investors might vote on say on pay ahead of the company’s annual meeting can help avoid an embarrassing or contentious director reelection vote or other…
The #MeToo movement has led directors to take a harder look at internal policies around harassment, including whether they need the ability to claw back the pay of an executive who is entangled in a sexual misconduct scandal. Indeed, boards wield an incredibly important sword in clawbacks, and it can protect directors if a matter…
CEO and Executive Compensation Practices: 2018 Edition documents trends in senior management compensation. It benchmarks individual elements of compensation packages and the features of short term and long-term incentive plans (STIs and LTIs), provides details on shareholder advisory votes on executive compensation (say-on-pay), and outlines practices on board oversight of compensation design. Among the findings: Some executives on the Top-25 list of highest paid CEOs were handsomely rewarded despite lackluster TSR results. The inexorable rise…
Les Moonves, the former CEO of CBS who was ousted last month over multiple accusations of sexual harassment, turned out to be the fifth highest paid CEO in the U.S. in 2017, according to the latest review of CEO salary data by nonprofit research group Conference Board in partnership with Gallagher and MyLogIQ. Moonves, 68, earned $69.3…
Stock awards have become a key compensation vehicle used by boards in their efforts to better align pay and performance for the long term, almost entirely replacing stock options. It is one of the main findings from a new report, CEO and Executive Compensation Practices: 2018 Edition, a collaboration by The Conference Board, Gallagher, and…