The chief executive of the largest bank in the U.S. is fed up with the low pay received by many Americans. JPMorgan Chase (JPM) CEO Jamie Dimon, who has received criticism for the rate of entry-level pay at his bank, said in a new interview he’s “generally” in favor of minumum wages going up. READ MORE
Elon Musk got 'paid' $2.3 billion last year but actually earned $0, and this shows how complicated CEO compensation has become
How much a corporation's chief executive makes in a single year seems like a simple question, but specifying what top executives truly make (and when) is a surprisingly difficult task. READ MORE
Delaware Court Of Chancery Reaffirms Entire Fairness Standard In Director Compensation
On May 31, 2019, in Stein v. Blankfein, et. al., the Delaware Court of Chancery reaffirmed the Delaware Supreme Court’s holding in In re: Investors Bancorp, Inc. Stockholder Litigation (more information here) that the “entire fairness” standard applies with regard to director approval of director compensation. The Stein case builds on the precedent set in Investors Bancorp and provides additional insights. READ MORE
Strategies for Protecting Compensation and Careers
In the not so distant past, it was not uncommon for successful executives and professionals to spend decades, if not their entire career, with one organization. Increasingly, however, that is not the case. These days, many executives, at one point or another, see their career, compensation, and reputation jeopardized amid allegations of wrongdoing – whether based upon individual performance, overall business performance, or allegations of misconduct. READ MORE
Netflix Shareholders Say No to Executive Salaries, Stock Options
Netflix shareholders aren’t okay with the amount of money the company is spending on its senior executives: A slim majority of shareholders voted down the company’s executive officer compensation plan at its most recent shareholder meeting last week, Netflix revealed in a regulatory filing Wednesday. READ MORE
Deferred Compensation and Your Business
Insurance can be a tedious subject, especially when it deals with more complex issues like deferred compensation plans (often funded with different types of life insurance) for select employees. READ MORE
ERISA Nonqualified Deferred Compensation Plans, Restrictive Covenants, and ERISA Preemption
Although typically the province of state law, Employee Retirement Income Security Act (“ERISA”) preemption may override state law limitations when forfeiture-for-competition covenants come within the purview of an ERISA benefit plan. Valid forfeiture provisions in ERISA plans, therefore, may be enforced even in states where forfeiture-for-competition clauses are not typically enforceable. READ MORE
Measuring Total Compensation During Your Job Transition
You’ve just received the job offer! Breath…think…count to ten. Did you look at the benefits? Do you know if they were good? Do you know how to measure them? Some companies offer great benefits; others do not. READ MORE
Amended Gender Discrimination Case Brings The Real Scoop On Jones Day Compensation
Gender discrimination case against Jones Day gets even bigger. (Yes, AGAIN.) READ MORE
Congressional compensation: Isn’t there a select committee for that?
As lawmakers engage in a contentious debate about whether to thaw a decadelong freeze on their pay, there’s a logical place where the underlying issues of member compensation and housing could be addressed — the Select Committee on the Modernization of Congress. READ MORE
Dispelling Myths About The Gender Pay Gap
A federal judge has dismissed a lawsuit that Professor Jennifer Freyd filed against the University of Oregon for alleged gender-based pay discrimination. While it is widely reported that women face a pay gap when compared to men, this lawsuit is a good example of how misleading that claim is. READ MORE
The 10 jobs experiencing the fastest pay growth right now
Landing the job is one thing. Knowing that you can rely on your pay continuing to increase is another. READ MORE
Wage and Hiring Figures for Small Businesses Remained Flat in May
In May, wage and job growth for U.S. small businesses remained largely unchanged from April, though hourly earnings have increased by nearly 70 cents year to year, according to the latest Paychex | IHS Markit Small Business Employment Watch. READ MORE
Shark Tank Star Destroys Sanders' $15 Minimum Wage Proposal
Shark Tank star Kevin O’Leary and CEO Gerald Storch brought a free market reality check to Democratic socialist Sen. Bernie Sanders’ arguments for a $15 minimum wage on CNBC’s Squawk Box June 6. READ MORE
Elon Musk made more in 2018 than the next 65 highest-paid CEOs combined, according to a report
CEOs make a lot of money, but Elon Musk blew his competition out of the water in 2018, according to a new study by The New York Times. READ MORE
An IPO could make these workers wealthy – or leave them holding nothing
Got your first job at a start up? This workplace perk gives you a shot at a windfall — if you’re lucky. READ MORE
Walmart CEO: America's minimum wage is 'too low'
Walmart CEO Doug McMillon thinks the federal minimum wage is "too low." Now the head of the country's largest private employer is calling on Congress to raise it beyond $7.25 an hour. READ MORE
If Trump Were Smart, He’d Raise the Minimum Wage Before 2020
Donald Trump has (once again) decided to pick a big fight with his own party by betraying conservative economic orthodoxy. Senate Republicans may be willing to abide the president’s naked corruption, contempt for the rule of law, and late night rants about Bette Midler — but across-the board tariffs on Mexican imports are another matter. As the New York Times reported earlier this week: READ MORE
What a ‘Living Wage’ Actually Means
If you ask a dozen lawmakers what constitutes a “living wage,” you’ll get a dozen answers. Where does the term come from? And is it even accurate? READ MORE
Why wealthy business leaders are joining the call to end high CEO pay
Recently, Abigail Disney, the granddaughter of Disney’s cofounder, has been making no secret of her disapproval of the way things are going at the company now. Specifically, at Fast Company‘s Impact Council, she called current CEO Bob Iger’s $65.6 million compensation “insane,” and criticized the fact that it totaled approximately 1,424 times more than the median salary of a Disney employee. She later backed up her sentiment to The Guardian, saying “”No one on this freaking planet is worth that kind of money.” READ MORE