According to a review of SEC filings by S&P 500 companies by MyLogIQ, as of May 4: 264 S&P 500 companies have switched to virtual meetings 113 S&P 500 companies have suspended share buybacks 42 S&P 500 companies have suspended or cut dividends 28 S&P 500 companies have instituted job freezes 83 S&P 500 companies have cut executive…
According to a review of SEC filings by S&P 500 companies by MyLogIQ, as of April 27: 113 S&P 500 companies have switched to virtual meetings 65 S&P 500 companies have suspended share buybacks 25 S&P 500 companies have suspended dividends 17 S&P 500 companies have instituted job freezes 69 S&P 500 companies have cut executive compensation 31…
S & P 5 00 C O M P A N I E S : F E B – A P R I L 2 02 0 In response to the COVID-19 global pandemic, public companies are taking various measures to conserve liquidity. To date, 44 S&P 500 companies have cut director pay. All but…
Cheesecake Factory Inc. furloughed about 41,000 hourly restaurant workers to conserve cash in the coronavirus pandemic. It also cut pay for other employees by as much 20%—a reduction that Chief Executive David Overton matched for his $995,000 salary. At Yum Brands Inc., Chief Executive David Gibbs is forgoing his $1.2 million salary for the rest of this year, using the…
The biggest companies in the United States are about to report an overall negative earnings quarter for the first time since the Great Recession of 2009. In the wrenching wake of the pandemic, boards had better conserve cash against a sharp recession and corporate losses, financial experts say. That puts dividends in the cross hairs….
According to a review of SEC filings by S&P 500 companies by MyLogIQ, as of April 14: 65 S&P 500 companies have switched to virtual meetings 43 S&P 500 companies have suspended share buybacks 16 S&P 500 companies have suspended dividends 13 S&P 500 companies have instituted job freezes 47 S&P 500 companies have cut executive compensation (base…
With the first quarter in the books, big companies are preparing to disclose to investors early indications of the economic toll of the coronavirus pandemic. The respiratory illness has shut down many parts of the U.S. economy, spurring a wave of layoffs and furloughs that resulted in a record 17 million unemployment claims in a…
According to a review of SEC filings by S&P 500 companies by MyLogIQ, as of April 7: 55 S&P 500 companies have switched to virtual meetings 39 S&P 500 companies have suspended share buybacks 16 S&P 500 companies have suspended dividends 10 S&P 500 companies have instituted job freezes 28 S&P 500 companies have cut executive compensation (base…
On March 25, the US Securities and Exchange Commission (SEC) issued another round of relief for public companies with regard to financial filings in light of the Coronavirus Disease 2019 (COVID-19) outbreak. The Commission provided public companies with a 45-day extension to file reports originally due between March 1 and July 1, 2020. This new order is…
According to a review of SEC filings by Fortune 100 companies by MyLogIQ, as of March 30: 36 F100 companies have switched or plan to switch to virtual shareholder meetings 11 F100 companies have suspended share buybacks 4 F100 companies have instituted job freezes 5 F100 companies have cut executive compensation (base salaries) 6 F100 companies have added…