Goldman Sachs Group Inc. agreed to cut pay for some board members to settle a shareholder lawsuit alleging the bank’s compensation plan was too generous. READ MORE
Remember That Company With the $70k Minimum Wage? 5 Years on the Results Suggest More Businesses Should Follow Suit
Remember how five years ago, Dan Price, the CEO of Seattle-based payment processing company Gravity Payments, raised all of his 120 employees' salary to at least $70,000 a year, taking a huge pay cut to make it happen? READ MORE
Take a Look at Some Top In-House Lawyer Pay Packages
Hewlett-Packard Co. is no more, but the top lawyers for its two successor companies remain close, at least when it comes to their total compensation in 2019. READ MORE
New Priorities For Exempt Organization Compensation Committees In 2020
The new priorities for tax-exempt organization compensation committees in 2020 primarily fall into four key areas: remaining market competitive for key leaders, succession planning, evolution of the compensation committee to a more strategic role, and examining the bigger picture of executive pay costs and results. This article offers an overview of these emerging topics and trends. READ MORE
Many new college grads are stuck in low-wage jobs
Kayrisha Taylor graduated from college three years ago hoping to work at a non-profit or government agency that serves disadvantaged youth. READ MORE
Microsoft will pay hourly workers regular wages even if their hours are reduced because of COVID-19 concerns
As more COVID-19 cases are identified in the United States, some companies are asking employees to work from home if possible. But that impacts the jobs of people who work in on-site operations, including many who are paid by the hour. Today Microsoft said that it will continue paying all vendor hourly service providers in Puget Sound and Northern California their usual wage, even if their work hours are reduced. READ MORE
Biden's tax plan would 'substantially' increase burden on wealthiest Americans
Former Vice President Joe Biden’s tax proposals stand to significantly increase burdens on the wealthy.
According to a new analysis of Biden’s tax proposals by the nonpartisan Tax Policy Center, the top 1 percent of Americans would lose 17 percent of after-tax income, or around $299,000 a year. The top tenth of the top 1 percent would pay an average of $1.8 million a year more in taxes. READ MORE
How much do NFL players earn?
NFL players are guaranteed six-figure salaries for as long as they remain in the league, but only top stars are typically able to build generational wealth on the gridiron. READ MORE
How CEO pay at tech and biotech companies varies across the US
Anecdotally, the dissemination of venture capital beyond just a heavy concentration in Silicon Valley is a well-told story by now—and the data drives the point home. READ MORE
A Quick Wage-Hour Tip on … Joint Employer Status Under the Fair Labor Standards Act
With the March 16, 2020 effective date of the new rule interpreting joint employer status under the Fair Labor Standards Act (“FLSA”) almost upon us, employers should brush up on the updated guidance and review their relationships with workers to ensure compliance. Otherwise, they may face the expensive possibility of being held jointly and severally liable under the FLSA for all of the hours the individuals worked in the workweek, including hours worked for a different company. READ MORE
2 senators introduce bill to curb executive retirement plans
Two senators introduced a bill that would increase oversight on non-qualified deferred compensation plans, or executive retirement plans, and limit tax benefits for deferred compensation. READ MORE
Gender Pay Equity Analytics: A Case Study of a Large Multinational Company
The gender pay gap is a key metric of workplace inequity. There is a large and growing body of literature on the gender pay gap, particularly in the United States; however, there is scant documentation of internal company practices regarding gender pay equity and company-specific estimates of gender pay ratios. READ MORE
Proposed 162(m) Regulations Add Another Layer of Executive Compensation Issues in M&A
The Tax Cuts and Jobs Act of 2017 (TCJA) upended public company compensation structures nationwide. Prior to the TCJA, Section 162(m) of the Internal Revenue Code of 1986, as amended, generally provided for a $1 million annual deduction limit for compensation paid to certain executives (usually the top five to seven executives at large public companies). READ MORE
This startup wants workers to get access to their wages before payday
Imagine you have an electric bill due Wednesday, but you don’t get paid until Friday. Then you got a flat tire. You need to fix the car to make it to work for the rest of the week, and you also still need to buy groceries. That bill payment will have to wait, which means you could end up with a penalty, a ding against your credit score, or even with your lights shut off. READ MORE
CEO of nonprofit resisted calls to reveal details about $7.5M pay
In documents filed late Thursday with the Florida House, a former board member of the Florida Coalition Against Domestic Violence alleges that former CEO Tiffany Carr worked aggressively to shield details of her salary from disclosure. READ MORE
California university fired 54 grad students who were striking for higher pay
Fifty-four teaching assistants at the University of California, Santa Cruz were fired after they refused to turn in final fall grades as part of an ongoing strike for higher wages. READ MORE
Mayor Pete Buttigieg butts in on McDonald's workers' minimum wage protest — then the protest turns on him
Democratic presidential candidate Pete Buttigieg, the former mayor of South Bend, Indiana, can't seem to avoid awkward moments with black voters. READ MORE
Salary History Can’t Defend Lower Pay
Employers can’t use a worker’s salary history to justify paying her less than male peers, the full Ninth Circuit ruled in a case that could force the U.S. Supreme Court to reckon with a defense to Equal Pay Act claims that critics say perpetuates gender inequities. READ MORE
Sanders Takes Aim at Deferred Compensation
The current Democratic presidential front-runner is now going after tax breaks for deferred compensation as part of his plan to rein in “corporate America.” READ MORE
New study says these are the 10 most ‘overpaid’ CEOs in the S&P 500
A new report has called out what it describes as “the 10 most overpaid CEOs” in the Standard & Poor’s 500 Index. READ MORE