Category: WSJ

Musk Effect Drives Spread of Supersize CEO Pay Packages

Elon Musk didn’t just upend the global auto business and space missions. The billionaire is also reshaping the landscape of executive pay. Musk’s multibillion-dollar pay package from 2018 has set the tone for other high-end pay deals, despite being thrown out by a Delaware court earlier this year. More executives have gotten outsize pay packages,… Continue reading Musk Effect Drives Spread of Supersize CEO Pay Packages

In a Bumper Year for CEO Pay, One Chief’s $161 Million Award Swells to $1.3 Billion

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… Continue reading In a Bumper Year for CEO Pay, One Chief’s $161 Million Award Swells to $1.3 Billion

Auto CEOs Make 300 Times What Workers Make. How That Stacks Up.

United Auto Workers President Shawn Fain has criticized the Big Three automakers for the raises given to their CEOs in the past few years, saying wage gains for rank-and-file employees haven’t kept pace. By one measure—the ratio of the CEO’s pay to the median worker’s—automakers have a wider pay gap than most large companies. And… Continue reading Auto CEOs Make 300 Times What Workers Make. How That Stacks Up.

A Breakdown of Paydays at America’s Biggest Companies

In a year marked by tech layoffs and high inflation, competition for workers helped to lift paydays at most S&P 500 companies for the second straight year, according to a Wall Street Journal analysis. Compensation for the median worker at 278 companies in the S&P 500 index was higher in 2022 than in the year… Continue reading A Breakdown of Paydays at America’s Biggest Companies

Foreign Companies’ Supply Financing to Face Greater Disclosure Rules Next Year

An international accounting standards-setter has moved up by a year the timing for when companies would have to disclose details on their supply-chain financing, a move aimed at improving transparency after several high-profile blowups in recent years. The International Accounting Standards Board, which sets standards required globally, tentatively agreed at a Feb. 20 meeting on… Continue reading Foreign Companies’ Supply Financing to Face Greater Disclosure Rules Next Year

SEC Expected to Raise More Questions About How Firms Calculate Non-GAAP Measures

The Securities and Exchange Commission is expected to ask more companies to explain how they calculate performance measures that go beyond U.S. generally accepted accounting principles, a move to gauge whether these metrics could potentially mislead investors. The U.S. securities regulator for years has monitored companies’ use of so-called non-GAAP earnings measures in their financial… Continue reading SEC Expected to Raise More Questions About How Firms Calculate Non-GAAP Measures

Saudi Arabia Lures Executives to Neom With Million-Dollar Salaries, Zero Taxes

Saudi Arabia’s megadevelopment Neom is paying senior executives roughly $1.1 million each annually, according to an internal Neom document, showing how the kingdom is using large pay packages to lure global talent to Crown Prince Mohammed bin Salman’s national transformation plan. Neom is the most ambitious project in Saudi Arabia and one of dozens of… Continue reading Saudi Arabia Lures Executives to Neom With Million-Dollar Salaries, Zero Taxes