Tag: Compensation

This Is the Lowest Paid CEO in America

For years, CEO pay has caused a battle at many companies between board members and shareholders. Board members say chief executive officers are rate commodities, trained for years to run some of America’s largest public companies. Many shareholders and public activists do not see why CEOs should make hundreds of times more than schoolteachers and firefighters. One public company CEO made $211,131,206 last year, the highest among all CEOs of S&P 500 corporations.

Not every CEO has a huge pay package. Some work for hundreds of thousands of dollars. Most of these are large shareholders in their own companies. Warren Buffett, of Berkshire Hathaway, is an example. However, he is one of the richest men in the world. For part of his tenure as chief executive of Apple, Steve Jobs was paid a base of only $1. However, he was worth hundreds of millions of dollars, at least. His successor, on the other hand, Tim Cook, has had huge pay packages.

Two CEOs took only a $1 in total composition last year, according to company proxies. These proxies were examined for 24/7 Wall St. by MyLogIQ, which uses artificial intelligence and machine learning to screen public company documents.

These CEOs Made Only $1 Last Year

For years, CEO pay has caused a battle at many companies between board members and shareholders. Board members say chief executive officers are rate commodities, trained for years to run some of America’s largest public companies. Many shareholders and public activists do not see why CEOs should make hundreds of times more than schoolteachers and firefighters. One public company CEO made $211,131,206 last year, the highest among all CEOs of S&P 500 corporations.

Not every CEO has a huge pay package. Some work for hundreds of thousands of dollars. Most of these are large shareholders in their own companies. Warren Buffett, of Berkshire Hathaway, is an example. However, he is one of the richest men in the world. For part of his tenure as chief executive of Apple, Steve Jobs was paid a base of only $1. However, he was worth hundreds of millions of dollars, at least. His successor, on the other hand, Tim Cook, has had huge pay packages.

Two CEOs took only a $1 in total composition last year, according to company proxies. These proxies were examined for 24/7 Wall St. by MyLogIQ, which uses artificial intelligence and machine learning to screen public company documents.

CFO Pay Rises as Their Companies Navigate Coronavirus Pandemic

Finance executives at America’s biggest companies received a collective 7% pay rise last year as many of them steered their firms’ finances through the pandemic, though not all saw their compensation increase.

Chief financial officers at the largest 100 companies in the S&P 500 by market capitalization that disclosed executive pay through April 12 received 7% more in median pay in 2020 than a year before, equal to about $6 million total, according to data provider MyLogIQ. Pay packages were boosted by an increase in equity-based compensation. Median pay represents the midpoint of all companies in the data set.

CFOs last year played a central role in navigating their companies through the economic downturn caused by the coronavirus pandemic. Many businesses shored up cash, slashed costs and temporarily cut executive salaries amid lockdown orders aimed at slowing the spread of the virus.

Mark Zuckerberg Spent Almost $2 Million on Private Aircraft Last Year

Among the perks of being a chief executive officer are private security and the use of company aircraft. Among the CEOs who spent the most on private aircraft last year was Mark Zuckerberg, founder and chief executive of Facebook. He spent $1,848,630 in 2020, $2,952,255 in 2019 and $2,597,320 in 2018.

Zuckerberg’s cost of private security was $13,439,634 in 2020, $10,463,717 in 2019 and $9,956,847 in 2018, according to data provided by MyLogIQ, which uses artificial intelligence and machine learning to analyze public company data.

The Facebook proxy shows that the private plane costs are:

      “For purposes of reporting the value of personal usage of private aircraft in this table, we use costs provided by the applicable charter                  company, which include passenger fees, fuel, crew, and catering costs.” 

CEO Pay Surged as Revenue Plummeted in 2020 Amidst Pandemic

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… Continue reading CEO Pay Surged as Revenue Plummeted in 2020 Amidst Pandemic

CEO Pay Surges Nearly 15% During Pandemic

CEO pay surged in 2020, a year of historic business upheaval, a wrenching labor market for many workers and unprecedented challenges for many leaders. Median pay for the chief executives of more than 300 of the biggest U.S. public companies reached $13.7 million last year, up from $12.8 million for the same companies a year… Continue reading CEO Pay Surges Nearly 15% During Pandemic

CEO Pay Surged in a Year of Upheaval and Leadership Challenges

CEO pay surged in 2020, a year of historic business upheaval, a wrenching labor market for many workers and unprecedented challenges for many leaders.

Median pay for the chief executives of more than 300 of the biggest U.S. public companies reached $13.7 million last year, up from $12.8 million for the same companies a year earlier and on track for a record, according to a Wall Street Journal analysis.

Pay kept climbing in 2020 as some companies moved performance targets or modified pay structures in response to the Covid-19 pandemic and accompanying economic pain. Salary cuts CEOs took at the depths of the crisis had little effect. The stock market’s rebound boosted what top executives took home because much of their compensation comes in the form of equity.

…Pay rose for 206 of the 322 CEOs in the Journal’s analysis, which uses data for S&P 500 companies from research firm MyLogIQ.

Meet the Highest Paid CEO in S&P 500, Paycom’s $211M Man

Move over, Elon Musk and Tim Cook. There is a new name breaking into the list of the highest-paid chief executives: Chad Richison, the founder and CEO of payroll processor Paycom Software Inc.

The Oklahoma City billionaire last year was awarded compensation valued at $211 million by Paycom, the company disclosed in the annual proxy statement it filed with the Securities and Exchange Commission last week.

Mr. Richison’s 2020 compensation was worth closer to $702 million, based on the value of the shares underlying the equity awards, according to an independent calculation by ISS ESG, an arm of proxy advisory firm Institutional Shareholder Services.

…His 2020 compensation package makes Mr. Richison the highest paid CEO in the S&P 500 based on disclosures so far, according to research firm MyLogIQ. It is one of the five biggest CEO awards since at least 2010, according to MyLogIQ data.