But as the difference between the average worker’s salary and executive grows wider each year, critics argue that whether they increase productivity or not, huge salaries are exacerbating inequality and must be reined in.

…Another analysis by MyLogIQ LLC, a company that tracks salary data from companies, found median compensation rose to $14.2 million in just one year.

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Poor stock performance didn’t stop the board from rewarding CEO and founder David Baszucki with a hefty compensation package for his work in 2021, however.

The $200 million club
Baszucki wasn’t the only Wall Street CEO to see his total compensation surpass the $200 million mark this year.

Discovery CEO, David Zaslav, raked in total compensation of $246 million in 2021, while Amazon’s Andy Jassy was rewarded with a $212 million total pay package for his efforts. And Activision Blizzard CEO Bobby Kotick is set to receive roughly $200 million in total compensation for his work last year, even as 50 employees were laid off from the gaming company.

The median pay for U.S. CEOs is on pace to set a record in 2021, rising an incredible 19% year over year. That’s compared with a paltry 4.7% increase in average hourly earnings for Americans last year. Even worse, average Americans watched their real wages—wages adjusted for inflation—decline 2.6% in February compared with a year ago.

Meanwhile, nearly one-third of CEOs saw their pay packages increase by at least 25% last year, according to a Wall Street Journal analysis of MyLogIQ data, and only around a quarter of CEOs took a pay cut in 2021 amid the pandemic.

The post Roblox Stock Is Down 30% Since Its IPO, but Its CEO Just Got a $233 Million Pay Package appeared first on CompanyIQ.

Just one year after many CEOs took pay cuts amid the worst of the coronavirus pandemic, median pay rose to $14.2 million last year for chief executives of S&P 500 companies, according to MyLogIQ LLC, which tracks salary data from companies.

While not every CEO saw an increase—roughly a quarter of the CEOs took a pay cut in 2021—the majority saw their salary rise by at least 11% and nearly one-third saw salary hikes of at least 25%, according to The Wall Street Journal’s analysis of MyLogIQ’s data.

Adjusted for inflation, which is currently at its highest point in 40 years, the raise for CEOs in 2021 was only about 1.3% over the previous year, according to an analysis from economics blogger Kevin Drum.

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The value companies are seeing from board diversity is not merely from the presence of a woman or person of color. Today’s newest board members bring different skill sets and commit more time to the job. More than any regulations, these needs are going to help improve representation on corporate boards in the years to come.

Friso van der Oord, senior vice president at the National Association for Corporate Directors, told Fortune that board turnover has gone up lately and he expects it to increase due the urgent need for board members with more free time and wider-ranging skills.

The emergence of ESG has also come through in recent board appointments, van der Oord shared. NACD analysis of MyLogIQ data found that the presence of board members with ESG backgrounds has doubled since 2018, from 6% to 12%, and HR or human capital nearly has as well, growing from 6% to 11% in their presence on boards. Those with technology expertise increased from 34% to 43%.

The post Three Factors That Are Organically Driving Board Diversity appeared first on CompanyIQ.

The video remove didn’t stop Buffett’s event from making headlines in early May: Berkshire’s 90-year-old CEO and its vice chairman, Charlie Munger, spent about three and a half hours fielding questions that shareholders submitted in writing, ahead of or during a webcast from Los Angeles. And with the United States rapidly reopening for post-pandemic life, Buffett ended this year’s meeting by telling investors that “the odds are very, very good that we get to hold this next year in Omaha.”

But most public companies aren’t Berkshire Hathaway—in either party-planning approach or share price. Companies are required by state law to hold yearly gatherings for shareholders to elect their boards of directors; most do so from April through June. The majority of these annual shareholder meetings range from the contentious to the deliberately boring, in what corporate-governance expert Douglas Chia calls “perfunctory exercises.”

The post ‘Intentionally Boring’ Virtual Shareholder Meetings Are Here to Stay appeared first on CompanyIQ.

So which of these CEOs do you think walked away with the biggest raise of 2015? None of them.

That title went to Sandeep Mathrani, the CEO of General Growth Properties. (Cook’s income rose, too, in 2015, by $1 million to nearly $10.3 million.)

General Growth, though, didn’t break any records with its performance in 2015. Both sales and operating profits at the mall operator fell slightly. And unlike Starbucks—where CEO Howard Schultz’s compensation actually fell nearly $1.4 million last year—the company’s stock performance was not in the top five of the S&P 500 last year. It wasn’t even in the top 100. In the past year, shares of General Growth (GGP) are up just 0.7%, making it the 190th-best-performing stock in the index.

The post These CEOs Got the Biggest Raises of the S&P 500 appeared first on CompanyIQ.