Boards often devote plenty of time to succession planning and the compensation aspects of the CEO position, but a key piece involves the second in command. Even if the new CEO pick is the right choice, changes at the top can destabilize the C-suite, particularly if the CFO isn’t meshing with the CEO or feels…
A year that included both a market recession and a rebound, 2020 saw equity compensation for named executive officers increase by 3.7% at companies in the S&P 500, according to data from public company intelligence provider MyLogIQ. While median equity comp was up for executives in 2020, financial performance was not. At S&P 500 companies, the…
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…
A well-known SoulCycle instructor was met with backlash after getting the Covid-19 vaccine under the guise of an “educator.” MTA board member David Mack is reported to have used his influence to help friends get the vaccine at a retirement home in Palm Beach. The unexpected arrival of 200 vaccines reportedly resulted in vaccinations for western Tennessee politicians, hospital executives’ family members and a florist,…
Companies are revising their plans for bonuses and other incentive compensation as the coronavirus pandemic upended financial forecasts and executives managed through a once-in-a-lifetime economic downturn. The pandemic has had a disparate effect on companies’ balance sheets, leading to soaring profits in some industries, such as online retail and groceries, and steep losses in others, for example hospitality and travel….
Top legal officers are becoming increasingly valuable to corporations, at least according to the rising number of digits in some of their compensation packages. Pay for the general counsel (GC) and chief legal officer role reached a five-year high, according to data released last month from compensation consultancy Equilar and executive search firm BarkerGilmore. This latest research “brings…
The merger of Viacom Inc. and CBS Corp. will be lucrative for the top executives of both companies. Viacom Chief Executive Bob Bakish, who will become president and CEO of the combined company, ViacomCBS, has signed a new contract ending four years after the deal closes. The contract lists salary, bonuses and other incentives worth about $31 million…
The typical S&P 500 company pays its chief executive officer more — typically 2.7 times more — than its next four named executive officers, or NEOs. But not always. Agenda commissioned research firm MyLogIQ, which crunches data from SEC filings, to analyze the largest S&P 500 companies at which an NEO received more compensation than the CEO…
CEOs Are Not the Only Ones Making Millions – It’s not uncommon for companies to pay key non-CEO executives millions of dollars. However, there is an elite group of executives in the S&P 500 who make more than or as much as their CEOs. The CompanyIQr SEC EDGAR searcgh platform indicates that among the S&P…