The debate over CEO pay is decades long. Boards believe their chief executive officers have skills that cannot be replaced. Shareholders and workers believe that annual compensation, which can go into the tens or hundreds of millions of dollars, can never be justified, mainly if the company’s workers are paid very little. …Based on 2022… Continue reading This CEO Makes 3,000 Times More Than His Workers
Tag: Executive Compensation
Netflix CEOs Made $50 Million
Netflix, battered last year by a slowdown in its business, briefly had two CEOs. One was founder Reed Hastings. The other was his hand-picked partner Ted Sarandos. Hastings has stepped down recently. However, each made about $50 million last year, an extraordinary sum for executives at a troubled company. Hasting made $51,073,237 in 2022, according… Continue reading Netflix CEOs Made $50 Million
This CEO Made $100 Million
CEO compensation has been the subject of controversy for years. Many people working for large companies and investors in these companies object to chief executive pay, which often reaches tens of millions of dollars a year. Boards of these companies argue that outstanding CEOs are hard to find. If they are not paid well, they… Continue reading This CEO Made $100 Million
More Companies Disclose COBRA Payments for Execs in Exit Deals
Companies are increasingly disclosing provisions in separation agreements that include continuing health care coverage for departing executives, according to data from public company intelligence provider MyLogIQ. The uptick in disclosures puts the details of these plans front and center for execs and competitors. Boards mulling over retention considerations or updating change-in-control agreements may find it… Continue reading More Companies Disclose COBRA Payments for Execs in Exit Deals
SEC Clawback Rules May be Broader than Boards Remember
The Securities & Exchange Commission is on the verge of adopting proposed rules that would ultimately require companies to claw back incentive compensation from executives after filing a restatement to correct inaccurate financials. However, a memo released in June with the reopening of a comment period on the latest proposal is raising questions among legal… Continue reading SEC Clawback Rules May be Broader than Boards Remember
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
The 15 CEOs in This Year’s $100 Million+ Club
The number of CEOs in the Russell 3000 making more than $100 million in total compensation has spiked over the past two years, according to data from public company intelligence provider MyLogIQ. For 2021, 15 such compensation plans have been disclosed in proxy statements thus far, led by automated digital marketing company The Trade Desk… Continue reading The 15 CEOs in This Year’s $100 Million+ Club
Here Are the 15 Highest-Paid CEOs in Biopharma
Fifteen pharma and biotech CEOs made more than $25 million in 2021 according to data provided exclusively to Business Insider from the research firm MyLogIQ. 2021 was a boom time for pharma, with record levels of IPOs and funding. CEOs also took advantage, bringing in pay packages as high as $380 million for the year.