MSN Money Archives - CompanyIQ

McDonald’s CEO Made 1,100 Times What His Workers Did

admin — Sun, 15 Aug 2021 05:30:22 +0000

The U.S. Securities and Exchange Commission has long required public corporations to disclose the compensation of their top officers. The debate about whether chief executive officers are paid too much has gone on for decades. Many investors object to high CEO pay, which often runs into the tens of millions of dollars. Boards of directors claim that good CEOs are hard to find and that they have responsibilities for tens of thousands or even hundreds of thousands of workers.

Last year, the CEO of McDonald’s, Christopher Kempczinski, made 1,189 times the median compensation of his workers, according to an exclusive analysis of the pay of 294 public company CEOs done by MyLogIQ, which uses artificial intelligence and machine learning to examine SEC data. Kempczinski’s total pay was $10,847,032 in 2020. The company’s proxy stated, “McDonald’s is committed to a strong pay-for-performance culture that closely aligns the interests of executives with those of shareholders.”

The post McDonald’s CEO Made 1,100 Times What His Workers Did appeared first on CompanyIQ.

CEO Pay Surged as Revenue Plummeted in 2020 Amidst Pandemic

MYL Admin — Wed, 14 Apr 2021 03:23:09 +0000

In spite of unemployment rates as high as 14.8% during the height of the pandemic in April 2020, the salaries of CEOs at S&P 500 corporations rose to record levels in 2020. Based on data from MyLogIQ, among S&P 500 CEOs who disclosed their compensation, 206 of 322 earned more in 2020 than in 2019, with an average increase of nearly 15%, The Wall Street Journal reports.

Median compensation, which includes not just salaries but an increase in bonuses and equity value based on stock options, rose from just under $13 million in 2019 up to nearly $14 million in 2020, according to a chart from MyLogIQ published by WSJ.

Some CEOs experienced income increases as a result of rising stock prices, but even CEOs at companies whose stocks didn’t fare well during the pandemic reached record highs. For instance, Frank Del Rio of Norwegian Cruise Line Holdings Ltd. earned $36.4 million in 2020 due to company bonuses and a three-year contract extension. Norwegian Cruise Lines’ revenue dropped 80% last year as a result of the pandemic and resulting shutdowns.

The post CEO Pay Surged as Revenue Plummeted in 2020 Amidst Pandemic appeared first on CompanyIQ.

McDonald’s CEO Made 1,100 Times What His Workers Did

MYL Admin — Fri, 09 Apr 2021 19:37:02 +0000

The U.S. Securities and Exchange Commission (SEC) has long required public corporations to disclose the compensation of their top officers. The debate about whether chief executive officers are paid too much has gone on for decades. Many investors object to high CEO pay, which often runs into the tens of millions of dollars. Boards of directors claim that good CEOs are hard to find and that they have responsibilities for tens of thousands or even hundreds of thousands of workers.

Last year, the CEO of McDonald’s, Christopher Kempczinski, made 1,189 times the median compensation of his workers, according to an exclusive analysis of the pay of 294 public company CEOs done by MyLogIQ, which uses artificial intelligence (AI) and machine learning to examine SEC data. His total pay was $10,847,032 in 2020. The company’s proxy stated, “McDonald’s is committed to a strong pay-for-performance culture that closely aligns the interests of executives with those of shareholders.”

The post McDonald’s CEO Made 1,100 Times What His Workers Did appeared first on CompanyIQ.

Are These America’s Greenest Big Companies?

admin — Fri, 28 Aug 2020 16:28:00 +0000

As the global environment deteriorates, a growing number of American companies have started to go, or have gone, “green.” There is no single definition of what that means. Some have begun to increase recycling. Others have cut greenhouse gas emissions. Still others plan to become carbon neutral. Among these measures needs to be a commitment to the environment at the board of directors level. Over the past several years, some of America’s biggest public corporations have added environmentally/sustainability-focused board committees.

These committees are designated by a small number of names, such as Corporate Responsibility Committee; Corporate Social Responsibility Committee; Environmental Committee; Environmental, Health and Safety Committee; Public Responsibility Committee; and Sustainability Committee. It is impossible to say exactly what these committees do without attending them or reviewing meeting transcriptions, but U.S. Securities and Exchange Commission disclosures from some offer direction about what they do and how they function. So do the governance statements of the companies themselves.

Sixty-two S&P 500 companies have had this type of board subcommittee for at least four years. Among the largest are Ford, Gap, Johnson & Johnson, JPMorgan and Nike.

The post Are These America’s Greenest Big Companies? appeared first on CompanyIQ.

These CEOs Make 1,000 Times More Than Their Employees

admin — Fri, 19 Apr 2019 14:34:47 +0000

Income inequality is a growing problem in the United States. In cities across the country, the rich are getting richer while the poor are getting poorer. Perhaps nowhere is the problem more apparent than in the corporate world. In some of the largest and most recognizable global companies, chief executives earn in less than an hour as much as their typical employee earns in an entire year.

MyLogIQ, a data aggregator of public companies, recently released a report comparing total CEO compensation with median employee compensation for companies on the S&P 500 index. 24/7 Wall St. reviewed the report to identify the 13 companies where the CEO makes at least 1,000 times the salary of their typical employee.

The post These CEOs Make 1,000 Times More Than Their Employees appeared first on CompanyIQ.