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
Tag: Compensation
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
Is Capital or Labor Winning at Your Favorite Company?
Publicly held corporations now must disclose their median employee compensation. Those numbers gave us an idea for a new analytical approach to an age-old struggle. Who benefits the most when a company is successful: its shareholders or its employees? Capital or labor? It is a question that speaks to some of the oldest debates in… Continue reading Is Capital or Labor Winning at Your Favorite Company?
12 Dow 30 Companies With Above-Average Salaries
Of 23 Dow 30 companies whose payrolls were analyzed by MyLogIQ and curated by the Wall Street Journal, 15 posted median incomes above the $57,617 median U.S. income reported by the U.S. Census Bureau in 2016. Twelve reported figures that place their employees in the nation’s “upper income” bracket, according to a range defined by Pew Research Center.
Want the Best CEO? Here’s How Much It Will Cost
Royal Dutch Shell shareholders are not too pleased about CEO Ben van Beurden’s 8.9 million euro (about $10.56 million) annual pay package, with advisory firm Institutional Shareholder Services (ISS) urging investors to reject the company’s executive compensation plan, while the Financial Times has reported that a top 20 shareholder will vote against the latest executive… Continue reading Want the Best CEO? Here’s How Much It Will Cost
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
Median CEO Pay Reaches $12.1 Million—Here’s How Much the 5 Highest-Paid Leaders Earn
It pays to be a CEO. According to a Wall Street Journal analysis of 2017 pay for S&P 500 leaders, median pay reached $12.1 million. That’s “a new post-recession high,” the WSJ reports, and “most S&P 500 CEOs received raises of 9.7 percent or better last year.” Broadcom CEO Hock Tan topped the list of highest-paid leaders with… Continue reading Median CEO Pay Reaches $12.1 Million—Here’s How Much the 5 Highest-Paid Leaders Earn
CEO of Concert Firm Live Nation Got Paid Like a Rock Star in 2017
Michael Rapino, chief executive of Live Nation Entertainment Inc., earned more than $70 million last year, making him one of the highest-compensated executives in the U.S.—even though the concert company he runs isn’t big enough to rank in the S&P 500. The outsize pay package came amid a boom in the live-events business that Live Nation dominates. The… Continue reading CEO of Concert Firm Live Nation Got Paid Like a Rock Star in 2017