According to a nationwide survey from Schwab Stock Plan Services of 1,000 equity compensation plan participants who receive stock options or restricted stock awards and/or participate in employee stock purchase plans (ESPPs), equity compensation accounts on average for nearly 30% of employees’ net worth. READ MORE
Crafting an executive compensation strategy that is right on the money
In an economy characterized in part by low unemployment and industry-wide talent shortages, recruiting the perfect executive into your company’s leadership team can be a challenge. Factors such as culture, perks and growth potential all influence a candidate’s interest, but an attractive executive compensation package can be the deciding factor in motivating a qualified leader to pursue an opportunity at your firm or remain at your firm. “One of the biggest reasons key employees leave is the chase for more shiny nickels. That is, more pay,” said Gregory Hubbell, senior vice president of health and benefits at Aon, a global professional services firm. READ MORE
Court of Appeals Upholds Challenge to Executive Order 38 Limiting Executive Compensation
In his Health Law column, Francis J. Serbaroli of Greenberg Traurig discusses the recent decision by New York’s Court of Appeals voiding certain regulations issued by the Department of Health pursuant to Governor Andrew Cuomo’s Executive Order 38. The court determined that the regulations, which limited the amount of compensation that could be paid to executives of health care providers and managed care plans with significant Medicaid revenues, were the province of the Legislature and not the Department of Health. READ MORE
Four top Oracle execs’ total compensation tops $400 million
A large portion of Oracle Corp.’s shareholders were not too happy about the tech company’s decision to more than double its top four executives’ pay to a total of over $400 million last fiscal year. READ MORE
Bankrupt Sears wants to give executives $19 million in bonuses
Sears is seeking court approval to pay executives as much as $19 million in quarterly bonuses while the company struggles to restructure in bankruptcy. READ MORE
The US economy doesn’t need more Amazon jobs. It needs higher wages.
You may have heard by now that Amazon has picked the location for its much-anticipated East Coast headquarters, a.k.a. HQ2. And that it’s actually not one location, but two: New York City and suburban Washington, DC. READ MORE
Raise the Minimum Wage, Congress
The labor market can handle it, and the latest research shows its benefits outweigh its costs. READ MORE
Iowa National Guard soldiers told to return overpaid wages
Hundreds of Iowa National Guard soldiers have been told they were overpaid after a year-long deployment to the Middle East and that they must make plans to repay the money. READ MORE
Amazon will hire 50,000 employees in New York and Virginia—here are 11 of the highest-paying positions at the company
After much anticipation and speculation, Amazon has announced that Arlington, Virginia, and the Long Island City neighborhood of Queens, New York, are the official locations of the company's next headquarters. READ MORE
Key tips on negotiating a pay rise — and what to do if it doesn't work out
Asking for a pay rise can be daunting for many, and while exuding confidence may make the process smoother — it's not the only aspect to consider. READ MORE
Year-End Planning After Tax Reform For Executives With Stock Compensation
This is the first year-end season when high-net-worth taxpayers, including executives with stock compensation, must consider the tax changes introduced in 2018 by the Tax Cuts & Jobs Act (TCJA). Fortunately, the new tax law doesn’t make any huge changes in the usual year-end steps that you and your financial advisor should consider when you have stock options, restricted stock/RSUs and company stock holdings. READ MORE
Home Depot creates 3,000 multimillionaires, co-founder says
When Ken Langone co-founded Home Depot in 1978, he not only helped create what would become the world’s largest home improvement retailer Opens a New Window. , but he also changed the lives of thousands of employees. READ MORE
First Amazon, now Walmart: Bernie Sanders aims to punish retailer for low wages
Independent Vermont Sen. Bernie Sanders is expected to unveil a bill on Thursday calling for Walmart to raise employees’ wages, or face financial consequences, after a similar effort was successful against e-commerce giant Amazon. READ MORE
Benefits and bonuses aren't making up for slow wage growth
The fact that paychecks have been slow to increase amid the robust economic recovery and record-high corporate profits has left some workers frustrated. READ MORE
House Democrats plan to push for $15 federal minimum wage
House Democrats are busy filling up their 2019 calendar.
After they take control of the House of Representatives in January, the new Democratic majority plans to compel President Donald Trump to release his tax returns, investigate his administration’s response to Hurricane Maria, and vote to protect people with preexisting conditions from losing their health insurance, among other items on the agenda. READ MORE
Association of CPAs submits feedback to Treasury, IRS on executive compensation
The American Institute of Certified Public Accountants (AICPA) submitted feedback to the U.S. Treasury Department and the Internal Revenue Service (IRS) on changes made by the Tax Cuts and Jobs Act (TCJA) related to executive compensation. READ MORE
Equity Compensation Plays Big Role in Employee Net Worth
How to Tie Executive Compensation to Sustainability
The challenge of running a sustainable enterprise has taken center stage among shareholders. Last year, for example, Russell 3000 companies received 144 shareholder proposals requesting action on social and environmental issues. Meanwhile, in a survey of 89 institutional investors by Callan, 43% of respondents said they incorporate sustainability factors into their investment decisions — up 21 percentage points from 2013. READ MORE
Fifth Circuit Says Don't Mix Incentive Pay With Fluctuating Workweek
Many employers rely on the fluctuating workweek (FWW) method to reduce their overtime obligations. FWW allows employers to pay a fixed salary and a half-time overtime premium to employees whose working hours significantly vary from week-to-week. READ MORE