Tag: NEOs

Listed: Biggest NEO-CEO Pay Flips

The typical S&P 500 company pays its chief executive officer more — typically 2.7 times more — than its next four named executive officers, or NEOs. But not always.

Agenda commissioned research firm MyLogIQ, which crunches data from SEC filings, to analyze the largest S&P 500 companies at which an NEO received more compensation than the CEO last year. That provided several management insights.

To be sure, key NEO personnel such as technology experts and product designers are among those who can make more than CEOs. A separate analysis of the highest-paid NEOs found that eight of the 10 highest-paid made as much or almost as much as their CEOs.

Jet Perks: Which Travel Bills Were the Priciest?

The list of the top-10 biggest spenders on aircraft perks added a new member to its ranks: Facebook COO Sheryl Sandberg.

In 2018, Sandberg’s pay package included nearly $909,000 in aircraft perks, according to SEC filings analyzer MyLogIQ.

She ranks fourth on Agenda’s list of top-10 air travel spenders in the S&P 500.

First on the list is, once again, Mark Zuckerberg, Sandberg’s boss.

Zuckerberg’s corporate aircraft travel costs reached nearly $2.6 million, more than twice the amount of the next executive on the list, Tyson Foods chairman John Tyson. Tyson’s corporate jet travel amounted to almost $1.2 million, according to company disclosures.

Are Comp Plans Too Similar?

No two companies are identical. So why should their compensation plans be?

It’s a question that’s frequently being asked by board directors and compensation consultants, especially at this time of year, leading into proxy season, as governance observers are noting an increasing convergence in plan design across the board for companies, such as a heavy reliance on performance-based pay, a movement away from stock options and the use of TSR as an incentive metric.

While sources’ views on the reason for the broad similarities across plans vary, many are questioning whether the homogenization of executive pay plans has gone too far.