Florida Gov. Ron DeSantis has ordered an investigation following financial disclosures of a private anti-domestic violence agency, hired by the state, whose former CEO received an annual salary of more than $700,000 -- and who reportedly received a total of nearly $5 million in paid time off over a four-year period. READ MORE
Proposed IRS 162(M) Regulations Affect Executive Compensation Arrangements
The Internal Revenue Service (“IRS”) recently proposed Regulation 122180-18 (the “Proposed Regulations”) to implement the amendments found in the Tax Cuts and Jobs Act of 2017 (the “Act”)1 to Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”). The Proposed Regulations supersede the IRS guidance previously released in IRS Notice 2018-682 and remain open for comment until February 18, 2020; however, many aspects of the Proposed Regulations take immediate effect. This alert summarizes key aspects the Proposed Regulations on executive compensation arrangements. READ MORE
Is Trump's proposed 1% raise and benefit cuts for federal employees fair?
President Trump this week proposed a modest 1% pay increase and less generous retirement benefits for federal workers. READ MORE
Low Pay: An Obstacle To Attracting Nonprofit Leaders
There’s a significant challenge looming in the nonprofit world. Over the past 20 years, the nonprofit sector has risen in stature and influence. Today, the nonprofit industry represents over 10% of jobs in the United States, according to a Johns Hopkins University report. READ MORE
The 19 companies with CEOs paid over 1,000x more than the median employee
A new report from Jefferies equity research shows exactly how big the divide has become — and highlights the roles of companies by looking at the metric of CEO pay compared with median employee pay. READ MORE
Elon Musk might not have to wait long for huge payday
As part of a pay package approved by shareholders in 2018, the Tesla CEO stands to get options to buy 1.7 million shares of Tesla shares once the company has achieved a $100 billion market value over a period of six months, as well as hitting certain financial performance targets it has already achieved. READ MORE
How insurance executives' compensation changed after the recession
Insurance companies made some big changes to the way they paid their top execs in the wake of the Great Recession, a new study shows. READ MORE
How To Negotiate The Best Compensation Package Without Disclosing Your Salary History
Over 18 months ago, as a company, we decided we wouldn’t ask any candidate for their salary history. This was regardless of whether that state had prohibited us from asking. Since I made that commitment, the number of states and cities with some sort of ban has trebled. READ MORE
Nearly 1 in 3 American workers run out of money before payday
Going extra light at the grocery store. Cutting down on medical supplies. Buying clothing and household supplies secondhand. READ MORE
Trump moves to cap pay raise for civilian government workers at 1 percent
President Trump said federal civilian worker pay increases would be capped at 1 percent next year, sparking criticism from groups representing government employees. READ MORE
Graduate students striking for a living wage are met with threats and batons
At the University of California, Santa Cruz, graduate students live and learn in one of the most expensive cities in the United States, subsisting on salaries that are often below $20,000. READ MORE
Pay Transparency Is Increasingly Important for Organizations
As awareness around the importance of pay equity grows, a complementary aspect of it is the concept of pay transparency. READ MORE
Four Things You Absolutely Must Do in Your Salary Negotiation
Keep these tips on hand the next time you’re interviewing for a new job or angling for a raise. READ MORE
Trump’s hostile agenda against low-wage workers
In his State of the Union address, President Trump hit hard on a recent Republican talking point on the economy: “Wages are rising fast — and, wonderfully, they are rising fastest for low-income workers, who have seen a 16 percent pay increase since my election. This is a blue-collar boom.” READ MORE
Four-day workweeks and stock options: How Shake Shack lures workers in a tight market
As competition for labor heats up, Shake Shack is hoping some creative perks and benefits will attract workers — and convince them to stay. READ MORE
Growth Company & Startup Guide To Stock Vesting / “Restricted Stock” (Section 83(b) Elections)
Founders of startups usually hold their stock subject to “vesting” (stock subject to vesting is also known as “restricted stock”), which generally raises a tax question under Section 83(b).1 How the founder answers this tax question – and they must answer it early in their vesting period – could tremendously impact that founder’s taxes, both now and in the future, on that stock. READ MORE
Historically weak wage growth may be the best we get
The U.S. economy added 225,000 new jobs last month and more workers came into the labor force. But data showed wages again failed to rise meaningfully, and there's reason to worry that growth may have peaked at this relatively low level. READ MORE
What Constitutes “Reasonable” Compensation For Private Foundation Insiders?
Private foundations are created as independent legal entities for solely charitable purposes, and many are run by unpaid family members and other volunteers. But what happens when a private foundation wishes to pay officers, directors or trustees, who are also family members of the individual funding, the foundation? READ MORE
Sanders Dodges, Will Not Disavow Prior Comment On Capping Wages
On Sunday, 2020 Democratic presidential candidate Sen. Bernie Sanders (I-VT) appeared on CNN’s “State of the Union” with host Jake Tapper.
During the segment, Tapper asked Sanders about a 1974 comment in which the senator reportedly advocated for a wage cap. READ MORE
Democratic hopeful Tom Steyer calls for $22-an-hour minimum wage
Democratic presidential hopeful Tom Steyer says he would call for a $22 hourly minimum wage if elected president. READ MORE