The chief executive officers of America’s largest companies have enjoyed pay raises most years for decades. That was interrupted at some public corporations, as the COVID-19 pandemic caused some of them to agree to salary cuts due to a decline in earnings or large layoffs of their workers. U.S. Securities and Exchange Commission (SEC) data…
Say on Pay votes, instituted by the Dodd-Frank legislation passed after the 2008 financial crisis, allow shareholders to vote on executive pay programs. Although the votes are advisory, boards pay close attention to the results, and even outcomes that yield a passing proposal may be cause for concern. Most companies receive at least 90% approval…
TikTok stars are dancing their way to the bank. Some are making more than America’s top chief executives. Charli D’Amelio, who started posting videos of herself dancing on TikTok in 2019, brought in $17.5 million last year, according to Forbes, which recently ranked the highest-earning TikTok stars of 2021. With 133 million followers on TikTok,…
In recent years, tax gross-ups, along with many other executive perquisites, have fallen out of favor with investors and been on the decline. However, the practice persists for certain members of the C-suite. Nearly a third of S&P 100 companies awarded gross-ups to at least one executive last year, while over a fifth of companies…
Although executive perks are declining overall, one of the more common perks offered to executives is financial planning services. Indeed, about 29% of companies in the S&P 500 provided some form of financial planning perk to executives last year, according to Main Data Group. The perk is more common among the largest companies: of the NEOs…
For the fourth year in a row, Gallagher has partnered with MyLogIQ to use our CompanyIQ® executive compensation data to produce the 2021 edition of CEO Executive Compensation Practices. Below are some of the report’s key findings. While CEO pay increased slightly among Russell 3000 companies in 2020, pay for CEOs in their roles five…
With the COVID-19 pandemic’s impact on capital management, the CFO (chief financial officer) role in public companies has taken on greater prominence over the past few months. We used our CompanyIQ® research platform to review CFO and CEO (chief executive officer) pay in the S&P 500 for the 2015-2019 compensation years. The data shows where…
A Profile of Compensation Consultants in the R3000
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…