In the past decade, the number of outgoing CEOs who’ve stepped into executive chair roles has quietly tripled from single digits to two dozen or more. So far this year, there have been 13 such moves, with a few more companies still to file corporate proxies. In 2020, the list includes chair appointments at blue… Continue reading Uptick in CEOs Retiring to Exec Chair
Tag: CEOs
These Are the Only 4 S&P 500 Companies Run by Women of Color
A great deal has been written about how the CEO jobs at America’s largest companies are almost exclusively held by white men. At the other end of the spectrum, the number of female chief executives of color is extremely small: only four.
According to research by MyLogIQ, which uses artificial intelligence and machine learning to analyze public companies, and which recently published “The Face of Corporate America,” white males make up 89% of CEOs at S&P 500 companies. Hispanics make up 3%, and people of Indian origin make up another 3%. Only 1% of CEOs are Black.
These are the four female CEOS of color:
Dr. Lisa Su is president and chief executive officer of chipmaker Advanced Micro Devices Inc. (NASDAQ: AMD). She was appointed to her current position in October 2014. She holds bachelor’s, master’s and doctorate degrees in electrical engineering from the Massachusetts Institute of Technology. Dr. Su has published more than 40 technical articles. She is a fellow of the Institute of Electronics and Electrical Engineers. She was listed as one of Barron’s “World’s Best CEOs” for 2019. AMD had revenue of $6.7 billion last year.
Only 11% of S&P 500 Companies Have CEOs of Color, and It Gets Worse …
A new study titled “The Face of Corporate America” examines the racial and gender figures for S&P 500 chief executive officers. The analysis was done by MyLogIQ, Public company intelligence provider, and it shows that only 11% of the CEOs among the companies are people of color. The gender figures and figures about female CEOs of color were even worse.
CEOs of color were defined as those who are Latin American, Black, Indian, Asian or of mixed race. Fifty-one were men of color, based on a specific count of the leaders.
Additionally, the analysis showed that only 6% were female. This translates to only four CEOs.
While much of the senior management and many board members at large companies have been mostly white, the research shows the extent to which the problem is pervasive. MyLogIQ examined 504 CEOs (because Alexandria Real Estate Equities, Globe Life, Howmet Aerospace and Synopsis have co-CEOs).
Coronavirus Crisis Dents Salaries, Not Stock Awards, for Many CEOs
Hundreds of U.S. companies reduced salaries for their chief executives as the coronavirus pandemic swept across American business, a reversal for a group of leaders that until this year has ridden a bull market to record compensation.
Big-company CEOs had their richest paydays ever in 2019, a Wall Street Journal analysis shows. But in March and April many took large cuts to their salaries after the deadly virus crippled global commerce. For 2020, few so far changed the equity awards that make up the bulk of executive compensation and the value of which is tied to the stock market.
Unlike prior years, now “the question is not how much of an increase are we giving over the normal salary; it’s when do we even restore the old salaries,” said Robin Ferracone, CEO of compensation consulting firm Farient Advisors LLC.
One reason corporate boards have been slow to make bigger compensation changes: uncertainty over how long the economic slowdown will last, what its ultimate repercussions will be and how investors will react. After plunging, the stock market has rebounded from its March lows.
Alphabet, Fox and Netflix CEOs Were Among the 50 Highest Paid CEOs in 2019
As companies around the world struggle to mitigate the damage caused by the coronavirus pandemic, executive leadership is being put to the test. CEOs are facing intense scrutiny for how and when they are reopening their companies. While 2020 might see a freeze in CEO salary, 2019 was a good year for executive pay, as many chief executives were rewarded with huge compensation packages, often worth more than $20 million per year.
24/7 Wall St. reviewed information provided by public business information company MyLogIQ to determine the 50 highest paid CEOs of 2019. CEOs were ranked based on their total compensation, which typically includes salary, bonuses, stock options, and more. Median employee pay by company was also provided by MyLogIQ.
Many corporate leaders have to make difficult choices to help their companies through the pandemic — particularly those in vulnerable industries like oil and gas or entertainment. Many executives in these sectors have furloughed workers, scaled back operations, and reduced their own pay — like GE CEO Lawrence Culp who said he will forgo his salary for the rest of the year. These are the U.S. industries being devastated by the coronavirus.
CEO Salaries: These Were the 50 Highest Paid CEOs in 2019
As companies around the world struggle to mitigate the damage caused by the coronavirus pandemic, executive leadership is being put to the test. CEOs are facing intense scrutiny for how and when they are reopening their companies. While 2020 might see a freeze in CEO salary, 2019 was a good year for executive pay, as many chief executives were rewarded with huge compensation packages, often worth more than $20 million per year.
24/7 Wall St. reviewed information provided by public business information company MyLogIQ to determine the 50 highest paid CEOs of 2019. CEOs were ranked based on their total compensation, which typically includes salary, bonuses, stock options, and more. Median employee pay by company was also provided by MyLogIQ.
Many corporate leaders have to make difficult choices to help their companies through the pandemic — particularly those in vulnerable industries like oil and gas or entertainment. Many executives in these sectors have furloughed workers, scaled back operations, and reduced their own pay — like GE CEO Lawrence Culp who said he will forgo his salary for the rest of the year. These are the U.S. industries being devastated by the coronavirus.
50 Highest Paid CEOs in 2019
As companies around the world struggle to mitigate the damage caused by the coronavirus pandemic, executive leadership is being put to the test. CEOs are facing intense scrutiny for how and when they are reopening their companies. While 2020 might see a freeze in CEO salary, 2019 was a good year for executive pay, as many chief executives were rewarded with huge compensation packages, often worth more than $20 million per year.
24/7 Wall St. reviewed information provided by public business information company MyLogIQ to determine the 50 highest paid CEOs of 2019. CEOs were ranked based on their total compensation, which typically includes salary, bonuses, stock options, and more. Median employee pay by company was also provided by MyLogIQ.
Many corporate leaders have to make difficult choices to help their companies through the pandemic — particularly those in vulnerable industries like oil and gas or entertainment. Many executives in these sectors have furloughed workers, scaled back operations, and reduced their own pay — like GE CEO Lawrence Culp who said he will forgo his salary for the rest of the year. These are the U.S. industries being devastated by the coronavirus.
Coronavirus Crimps Some CEO Salaries but Not All
Cheesecake Factory Inc. furloughed about 41,000 hourly restaurant workers to conserve cash in the coronavirus pandemic. It also cut pay for other employees by as much 20%—a reduction that Chief Executive David Overton matched for his $995,000 salary.
At Yum Brands Inc., Chief Executive David Gibbs is forgoing his $1.2 million salary for the rest of this year, using the money in part to pay one-time $1,000 bonuses to managers of company-owned restaurants in its KFC, Pizza Hut, Taco Bell and The Habit Burger Grill chains.
As corporate America reels from the pandemic, senior executives are taking markedly different approaches to sharing the economic pain suffered by employees, a review by The Wall Street Journal found.
Chief executives at 184 companies within the S&P Composite 1500, comprising the biggest public corporations, have announced temporary reductions in their salaries, ranging from 10% to 100%, with a median cut of 50%, according to the Journal’s analysis of data from research firm MyLogIQ and securities filings. Of the 106 companies that have reported furloughing employees, 17 haven’t announced CEO salary reductions, the analysis found.