Florida is voting on whether to raise the minimum wage to $15

At 7 a.m., Alex Harris finishes up the overnight shift at a Waffle House in Tampa, Florida, where he makes $5.54 per hour. Instead of going to sleep, he drives to his second job at his dad's landscaping business where he works until 5 p.m. Then, he has about four hours to sleep before he's back at Waffle House for the overnight shift. In an average month, he'll make about $1,300 — barely enough to cover his rent and utilities. "If I'm hungry, I just wait until I get to work," he says. READ MORE

Stock compensation reporting may be misleading

PVSAs are essentially cash bonuses in the form of stock awards. "The companies tell the CEOs, ‘I’m going to pay you in stock, but the number of shares you get is going to be based on how well you perform,'" says Pawliczek. "By doing this, the company is combining the two forms of performance-based pay — cash bonuses and stock awards — that have been most prevalent in the last 20 to 30 years." READ MORE

CFO compensation less than half of CEO pay, study finds

"Reductions in executive pay have been necessary across sectors and industries in order for companies with pinched cash flow to keep financially viable, but also to reinforce a sense of solidarity with employees outside the C-suite," Judy Canavan, Managing Director of BDO's Global Employer Services, said. "With ever more scrutiny on executive pay, companies that have eschewed making compensation changes at the C-level may face blowback from stakeholders and employees during what is an already volatile and unstable time." READ MORE

Inside The Covid Cut: Executive Compensation 2020-21 Special Report

Every year, there’s a lot of misinformation when it comes to executive compensation. The headlines typically focus on public companies—and, more specifically, on Fortune 500 CEOs. Lumping all chief executives and senior executives in together based on this small subset, as if they’re some homogeneous pack, is, of course, intellectually lazy. But more pragmatically, the lack of information for private companies across all revenue ranges—which form the largest part of American enterprise—means many organizations make uninformed and reactive compensation decisions. READ MORE

Middle Market CEOs See 20% to 50% Reduction in Base Pay During COVID-19

Executive and board director compensation practices have come under more scrutiny as a result of the pandemic. BDO USA, LLP has released two separate reports, one on CEO and CFO compensation and one on board compensation, which explore how compensation levels and practices changed in 2019 and the extent to which the global health crisis has altered compensation practices. READ MORE

ISS Publishes New FAQs on COVID-Related Compensation Decisions and Provides Guidance on Other Governance Matters

On October 15, 2020, Institutional Shareholder Services, Inc. (“ISS”) published preliminary FAQs1 providing general guidance as to how ISS may assess COVID-related executive compensation decisions as part of its regular pay-for-performance qualitative evaluation for the upcoming proxy season. Based on feedback obtained by ISS during investor roundtables and responses to ISS’ annual policy survey, the FAQs are intended to inform investors, companies, and their advisors on COVID-related executive compensation issues, and have been released ahead of ISS’ regular annual compensation FAQs, which are anticipated to be published in December 2020.  READ MORE