Within the next five years, major corporations from JPMorgan Chase to The Walt Disney Co. could be placed under new leadership as their current chief executives eye their exits. Overall, more than one in 10 CEOs at S&P 500 firms have already hit the traditional retirement age. And another nearly 15% could reach age 65…
On Jan. 1, several of the nation’s biggest companies — including Morgan Stanley, Kraft Heinz, Sherwin Williams and Costco — welcomed new CEOs. In all, new chiefs took over at a dozen S&P 500 companies on New Year’s Day, according to data from public company intelligence provider MyLogIQ. A handful of new CEOs will start…
We updated our June 2020 CompanyIQ® report on ethnic/racial diversity among the CEOs who run the largest U.S. public companies and found that not much has changed. Key findings for S&P 500 CEO diversity include: 14% of CEOs are people of color Only 6 CEOs are women of color Only 2% of S&P 500 CEOs…
Archer Aviation Inc. is years from producing its only planned product, a four-passenger electric air taxi that the main U.S. regulator hasn’t yet certified. It hasn’t generated any revenue. Still, the co-founders of this three-year-old company got a huge payday last month, a $99 million special stock award that stands to quadruple if Archer hits other milestones—thanks to a…
Jet perquisite spending reached a three-year low last year as top employees sheltered in place due to the Covid-19 pandemic. S&P 500 companies spent $93,071 on average per company on jet perks for top executives in 2020, down from $116,805 in 2019 and $115,729 in 2018, according to data from public company intelligence provider MyLogIQ….
Last year was an unusual one for executive pay as the impact of the Covid-19 pandemic upended boards’ best-laid plans. Many companies publicized decisions to cut executive salaries to show solidarity with laid-off or furloughed employees, while others converted cash payments to equity to preserve liquidity. Year over year, average cash compensation for S&P 500…
The U.S. Securities and Exchange Commission has long required public corporations to disclose the compensation of their top officers. The debate about whether chief executive officers are paid too much has gone on for decades. Many investors object to high CEO pay, which often runs into the tens of millions of dollars. Boards of directors…
The killing of George Floyd in police custody a year ago and the subsequent protests prompted pledges from U.S. business leaders: They would fight racism and work to recruit and promote Black and other minority employees. Now, more companies are putting money behind those pledges by tying executive compensation to specific goals. In January, Starbucks Corp. said it would give…
Median pay reached $13.4 million for chief executives of the biggest U.S. companies in 2020, setting a fifth straight annual record in a year when businesses and their leaders battled a global pandemic. Most S&P 500 CEOs got raises of about 5% or more as their companies recorded annual shareholder returns of about 8%, according to…
Discovery Inc. DISCB -1.47% gave Chief Executive David Zaslav 14.8 million stock options on Sunday, the day before the company and AT&T Inc. T -1.14% announced a plan to merge Discovery with AT&T’s WarnerMedia unit, according to a securities filing. The company valued the option grants at roughly $190 million on Wednesday evening, taking into account the company’s share-price volatility and potential stock appreciation over…