U.S. economic growth cooled last quarter as consumers pulled back following outsize spending in the prior period, though solid business investment cushioned some of the weakness and employee-compensation costs accelerated amid a tight job market. READ MORE
Wells Fargo Protesters Shout, March While Investors Back CEO Raise
Wells Fargo & Co.’s annual shareholders meeting in Iowa drew a protest march and repeatedly broke into heated exchanges, with critics blasting the bank’s scandals, labor practices and financing of gun makers, jails and oil projects. One farmer said the firm is wrecking his soil. READ MORE
Gender Pay Gap? Maybe Not in the Corner Office, a Study Shows
The pay gap between men and women has rightly become an important topic of conversation in offices and boardrooms across the country. Despite the efforts of some companies to address the disparity, women last year earned 82 percent of what men earned, according to a Pew Research Center report. The subject was the focus of a “60 Minutes” segment on Sunday night. READ MORE
Making Sense of Why Walmart’s CEO Earns 1,200 Times the Pay of Its Median Employee
Walmart’s CEO is making bank.
In a filing with the U.S. Securities and Exchange Commission on Friday, Walmart disclosed that CEO Doug McMillon’s compensation for fiscal 2018 was $22.8 million — a figure that is 1,188 times the annual total compensation of its median associate. (The median salary for that role — which includes more than 2 million workers — in fiscal 2018 was $19,177.) READ MORE
CEO Pay As Governed by Compensation Committees: The Model Works
Pay Governance, one of the largest independent board executive compensation advisory firms, asserts that the CEO pay model is working well and is a source of competitive advantage. READ MORE
Google CEO Pichai Set to Cash In $380 Million Award This Week
Google Chief Executive Officer Sundar Pichai is about to have a very big week.
On Wednesday, an award of 353,939 restricted shares he received before a promotion in 2014 will vest. At the end of last week, the grant was worth about $380 million, making it one of the largest single payouts to a public company executive in recent years, according to data compiled by Bloomberg. READ MORE
Walmart's CEO earns 1,188 times as much as the company's median worker
Walmart's CEO makes a lot more than the company's median worker. 1,188 times more, to be exact.
Doug McMillon earned $22.8 million during the retailer's last fiscal year, which ended on January 31, according to a company filing. READ MORE
CEO pay ratios provide little more than noise for investors
The new requirement for companies to report how much more their CEOs made than the typical employee may have produced some “oohs” and “aahs,” but that’s about it.
If there is anything to glean from all the pay ratio disclosures, it’s that there needs to be more consistency in how they are calculated and reported before they can be useful to investors. READ MORE
Zuckerberg Should Take a Leaf Out of the Jeff Bezos Pay Book
Amazon.com Inc.'s median salary of $28,446 raised the hackles of low-pay campaigners last week; understandably so given the vast worth of the company. But Zuckerberg could take a leaf out of the Jeff Bezos book. While Facebook's median salary is almost 10 times bigger than Amazon's, it badly needs to employ more eyeballs on not-such exalted wages to fix the problems it can't catch with automation. READ MORE
Wells Fargo CEO's pay details spark pushback by some employees
Wells Fargo & Co’s disclosure of how its chief executive’s pay compares to the rest of its workforce has drawn criticism from some company employees ahead of the scandal-plagued bank’s annual shareholder meeting. READ MORE
Multiple uses of a deferred compensation plan in the workplace
If your business clients want to reward employees for their loyal service after a five-, 10- or 20-year period and keep them around for longer, a deferred compensation plan can work well. READ MORE
Wells Fargo agrees to pay $1 billion fine — but compensation for victims isn’t assured
Wells Fargo agreed on Friday to pay a $1 billion fine to government regulators to settle the banking behemoth’s misdeeds over improper practices in its auto insurance and mortgage businesses, the latest scandal to engulf the banking behemoth — but it’s not assured that victims of the abuses will ever receive any cash as a result of the agreement. READ MORE
How to help employees realize the full value of equity compensation
Owning a piece of the company pie has become part of the financial picture for millions of American workers as equity compensation programs grow in popularity. The advantages of equity compensation plans extend to employees and employers alike. For the former, it can be a critical tool for building long-term wealth, and for the latter, it can foster greater employee loyalty and longevity. READ MORE
How to Ask About Compensation in a Job Interview
For some, “comp” is deliberately discussed at the very beginning to qualify a candidate’s viability upfront. For others, it’s a topic that remains unaddressed until it’s time to talk turkey. But waiting to discuss money until the interview process is at completion is not a wise move. READ MORE
The Basics Of Executive Compensation In Employment Law Cases
When joining or exiting a company, executives face unique challenges to ensure their rights are protected given the variety of compensation they receive beyond a salary.
Knowing precisely what your compensation consists of and how to maximize its value during negotiations is essential. READ MORE
How companies get approval to pay executive bonuses during bankruptcy
Toys R Us filed for Chapter 11 bankruptcy last year, with more than $5 billion of debt on its books and plans to reorganize.
Two months later, the retailer did something that might seem a little strange. It asked a judge for permission to pay its executives $32 million in bonuses. READ MORE
Median CEO pay at largest companies reaches a record $15.7 million
CEO pay is up yet again. A booming stock market and bulging equity awards propelled the median 2017 compensation for CEOs of the 100 largest companies to the highest figure in 11 years, according to a new analysis.
The report, released Wednesday by executive compensation and governance research firm Equilar, examines pay of the 100 largest public companies by revenue, and comes in advance of broader CEO pay rankings that typically arrive later in the spring and analyze the companies of the entire Standard & Poor's 500-stock index. READ MORE
Executive Compensation in the Age of Populism
Executive compensation and corporate governance are front-and-center topics for professionals in the U.S., Western Europe and elsewhere around the world. READ MORE
Stockholder Challenges to Executive Compensation
Investors, proxy advisory services and corporate governance watchdogs closely monitor executive compensation, and express their views on executive pay in diverse fora, ranging from advisory Say on Pay votes required under the Dodd-Frank Act to a CEO Salary Watchdog Facebook page. READ MORE
Netflix Accused of Violating U.S. Tax Law in Bonuses to Top Executives
When Congress passed sweeping tax changes at the end of last year, Netflix became one of the first companies to restructure its compensation to top executives. The amended tax law no longer allowed companies to deduct performance-based bonuses to those managers making more than $1 million. So in light of the change, Netflix scrapped cash bonuses in favor of a higher salary. A new lawsuit first filed under seal late last week questions what Netflix was doing before the change. READ MORE
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