A WSJ analysis of 1,111 companies finds size matters for pay — but other factors matter more. As U.S. companies disclose for the first time how much typical employees make, two factors are proving pivotal: the size of a company’s workforce and the economic sector in which it operates. Big Picture Public companies tend to… Continue reading How Companies Large and Small Pay Their Workers
Category: WSJ
Chevron Boss, Not Exxon’s, Was Highest Paid in 2017
Recently retired John Watson of the oil giant Chevron Corp. CVX 0.06% topped the list of highest-paid energy bosses in the S&P 500, taking home more in 2017 than his counterpart at Exxon Mobil Corp. XOM -0.76% Mr. Watson, 61, received $24.8 million in 2017, compared with the $17.5 million that first-year Exxon chief Darren Woods was paid last year, according to a Wall… Continue reading Chevron Boss, Not Exxon’s, Was Highest Paid in 2017
Big Media Firms Pay CEOs More for Less
It pays to be a media titan. Chief executives in the media and telecom industries made twice as much as their peers in the S&P 500 even though the group’s performance came up short. The median pay for industry CEOs was $28.7 million in 2017, more than double the overall median of $12.1 million for… Continue reading Big Media Firms Pay CEOs More for Less
Ever Heard of Iqvia? Its CEO Made $38 Million
Iqvia Holdings Inc. IQV 0.83% is hardly a household name, but its boss made more last year than the chief executive of Johnson & Johnson —or any other big pharmaceutical or biotech company. Iqvia doesn’t have some blockbuster drug or cutting-edge genetic treatment. It is a data company that collects prescription sales, medical claims and other patient records, and analyzes that… Continue reading Ever Heard of Iqvia? Its CEO Made $38 Million
Jamie Dimon Tops List of Highest-Paid Finance CEOs
The highest-paid banking and finance chief executive in the S&P 500 is no surprise. It is James Dimon, head of JPMorgan Chase & Co., the biggest U.S. bank by assets and market capitalization. Mr. Dimon, who has run the bank since late 2005 and steered it through the financial crisis, made $28.3 million in 2017, up 4%… Continue reading Jamie Dimon Tops List of Highest-Paid Finance CEOs
Did We Say $1.5 Million? We Meant $10.9 Million. Firms Fix CEO Pay Flubs
When Laboratory Corp. of America LH 3.61% disclosed pay for its chief executive in March, the company said he made $1.5 million in 2016. A week later, the diagnostic-lab chain filed a new document listing his pay at $10.9 million. Chief Executive David King didn’t get a retroactive raise. His employer just proofread its work. Such a big discrepancy… Continue reading Did We Say $1.5 Million? We Meant $10.9 Million. Firms Fix CEO Pay Flubs
The 10 Highest-Paid Software and Services CEOs
The highest-paid software executive of 2017? That was Gary Norcross, chief executive of Fidelity National Information Services Inc., at $29.1 million. Fidelity National, also known as FIS, is a bank-technology provider. Mr. Norcross has led the Jacksonville, Fla.-based company since January 2015. His total compensation increased 46% from $20 million the previous year, according to… Continue reading The 10 Highest-Paid Software and Services CEOs
CEO Pay and Performance Often Don’t Match Up
The best-paid CEOs don’t necessarily run the best-performing companies. Corporate boards have tried for years to tie chief executive compensation to the results they deliver. The better the company and its shareholders do, the more the top boss should be paid, or so the pay-for-performance mantra goes. In reality, CEO pay and performance often don’t… Continue reading CEO Pay and Performance Often Don’t Match Up