In 2023, the leaders of America’s largest companies saw their compensation packages soar to unprecedented levels, driven primarily by substantial stock awards. This surge in executive pay reflects the growing trend of rewarding CEOs with equity, aligning their interests with shareholders and pushing their total earnings to new heights. According to a report by The…
Departing Paramount Global CEO Bob Bakish’s exit package is estimated to top $50 million, highlighting a stockholder proposal up for a vote this spring that, if adopted, would require shareholder approval of golden parachutes. Shareholders are targeting nearly two dozen Russell 3000 companies with similar proposals this proxy season, and observers said investors’ focus on…
Mega executive compensation deals were fairly rare until 2017 when eight S&P 500 CEOs reached the milestone of more than $50 million in annual pay. These large CEO pay packages peaked at 14 in 2021. Among our findings regarding S&P 500 CEO pay from 2013-2023 are that: 79 S&P 500 CEOs received pay packages of…
Compensation committees at S&P 500 companies are increasingly tying annual bonuses to measures beyond financial performance. The inclusion of environmental, social and governance goals in short-term incentive plans has increased fourfold since 2019, according to data collected from proxy statements. Experts say these nonfinancial metrics can serve as useful motivators as companies aim toward specific…
The pay gap between CEOs and their employees has widened over the past half decade, according to an analysis by Agenda of S&P 500 proxy statements. In 2022, half of all S&P 500 CEOs earned at least $183 for every dollar earned by their company’s typical employee. This value is $16 higher than it was…
Chip maker Broadcom gave Hock Tan, its chief executive, a $161 million stock award, instantly landing him among the highest-paid CEOs. His payday could end up being even bigger, thanks to a surge in the company’s share price. Lately, the market has valued the underlying shares at roughly $1.3 billion. The gains are revealed in…
Chief executive officers at the top 15 public real estate investment trusts all earned upward of $4 million last year, with the largest firm’s CEO inching toward a annual compensation total of nearly $50 million last year. …Data from public company intelligence provider MyLogIQ showed Prologis CEO Hamid Moghadam taking the cake with total pay…
“We’re fed up with falling behind,” declared Shawn Fain, the boss of America’s United Auto Workers (UAW), last month after the union began a campaign of intermittent strikes at Ford, General Motors (GM) and Stellantis, America’s “big three” carmakers. A month in and the two sides are still at loggerheads. Jim Farley, Ford’s chief executive,…
The SEC has revisited its pay-versus-performance disclosure rule with a fresh batch of question-and-answer guidance about various technical aspects of the one-year old rule. The guidance, in the form of nine compliance and disclosure interpretations (CD&Is), generally addresses how companies should treat valuation issues and metrics for the purposes of calculating figures in the disclosure…
From fiery speeches on union picket lines to pointed shareholder resolutions, criticism of CEO pay packages has taken on new urgency in 2023, even as the gap between the salaries at the top and bottom of the corporate ladder has continued to grow. How outlandish have CEO salaries gotten? Can they ever be reined in?…