The $2 trillion coronavirus rescue package passed late Wednesday by the Senate would cut the compensation for the highest-paid American executives if their companies accept financial assistance from the federal government. READ MORE
GOP senators warn they will oppose coronavirus bill unless ‘massive drafting error’ fixed
Four Republican senators are warning that they will oppose the $2 trillion coronavirus response package unless a “massive drafting error” in the legislation, which they say would create an incentive for employers to lay off employees, is fixed. READ MORE
Coronavirus fallout revives talk of 'universal basic income'
The scoffed-at idea of paying everyone a basic income as machines take people's jobs is getting a fresh look as a possible remedy for economies cratered by the coronavirus pandemic. READ MORE
White House, Senate strike deal on historic $2T coronavirus relief bill; Pelosi offers tepid endorsement
Senate Minority Leader Chuck Schumer, D-N.Y., said the bill amounts to “unemployment compensation on steroids," and that every American who is laid off will have their missed salary remunerated. That provision will enable companies to stay afloat and immediately bring back those employees when things are safe, Schumer said. READ MORE
The COVID-19 pandemic: key employee benefits and compensation issues to consider during
The novel coronavirus (COVID-19) pandemic raises many employee benefit and compensation considerations for employers. We examine key issues relating to COVID-19 and provide suggested strategies for employers to prepare for these issues. These are uncertain times, and we anticipate that we may need to revise our thinking or make additions to this list as additional guidance is issued. READ MORE
COVID-19 Impact on Executive Compensation (Leave of Absence)
COVID-19 has had significant impacts on all aspects of business. While employers are assessing how to handle immediate employee needs related to sick leave, family leave and benefits claims, employers should also consider the impact that changes in their workforce or economic conditions will have on their compensation plans and programs. READ MORE
Companies Help Hourly Workers Get Through COVID-19
Eight in 10 CFOs say they'll offer benefits and/or monetary compensation that exceed their contractual obligations to hourly employees. READ MORE
Bonuses and pay hikes: How grocery stores keep workers on the front lines
A wave of top US retailers and grocers are giving cash bonuses and wage hikes to their cashiers, stockers and warehouse workers on the front lines of the coronavirus crisis. READ MORE
Coke, Disney Shareholders Anchoring a Renewed Movement Against Excessive CEO Pay
It's hardly a new complaint. Indeed, the headlines raging against shockingly big paychecks collected by United States CEOs have been regularly recirculated for years. This time, though, against a backdrop of consumers' concern over online privacy and frustration over lingering inequality, efforts from Walt Disney (NYSE:DIS) and Coca-Cola (NYSE:KO) shareholders have finally struck a receptive nerve that will incite actual change in how corporate chiefs are compensated. AT&T (NYSE:T) shareholders may be ready to jump on the bandwagon, too, after learning its CEO John Stankey received a 36% raise last year despite a string of corporate failures. READ MORE
Executive And Physician Compensation, Benefits And Contract Issues In The COVID-19 Era
As the Coronavirus (COVID-19) crisis unfolds, human and economic resources are and will be strained. Hospitals and health systems must be prepared to address the executive and physician compensation, benefits and contract issues that are very likely to follow. We offer a list of such issues and considerations that can help hospitals and health systems anticipate and address current and potential challenges. READ MORE
Walmart ups minimum wage in e-commerce warehouses by $2 as orders surge on virus worries
Walmart Inc said on Monday it has temporarily raised entry wages for workers in its e-commerce warehouses by $2, following similar moves by rivals, as it attempts to manage a shopping surge brought about by the coronavirus outbreak. READ MORE
Target announces pay raises, bonuses and new paid leave policy amid coronavirus
Target announced Friday that it would give employees a $2-per-hour pay raise, rolling out new benefits and bonuses as its staffers work to keep shelves stocked during the coronavirus pandemic. READ MORE
Bank of America boosts hiring, worker pay amid coronavirus outbreak
Bank of America Corp’s consumer division has hired 1,700 people in critical support roles so far this month, a spokesman said on Friday, as the industry faces a surge in customer service demand due to concerns about the coronavirus outbreak. READ MORE
Here's a list of CEOs taking pay cuts amidst the coronavirus crisis
U.K. Government to Pay 80% of Worker Salaries as Coronavirus Shuts Down Businesses
The decision is likely to ramp up pressure on Capitol Hill to support American businesses and consumers. READ MORE
Compensation Arrangements in Light of the COVID-19 Pandemic
As COVID-19 spreads throughout the United States and around the globe, companies are wondering what they can or should be doing to ensure the on-going effectiveness of their equity incentive and other compensation plans. READ MORE
COVID-19 and Public Company Executive Compensation Programs
The spread of COVID-19 is having an unimaginable impact on all facets of life, including our economy. While executive compensation programs might not be the most pressing issue facing corporate boards right now, volatility in the stock market, slowing supply chains, closed retail stores and restaurants, and the inevitable staff and expense reductions facing certain industries will undoubtedly have an impact on executive compensation programs and designs. READ MORE
GOP Plan Caps Pay, Severance at Companies Getting Virus Aid
The Senate Republican proposal for aiding businesses harmed by the coronavirus crisis would impose restrictions on executive pay and other limits often sought by Democrats. Senate Majority Leader Mitch McConnell Thursday released a massive stimulus plan that provides $208 billion worth of loans for businesses suffering because of the pandemic, including $58 billion for the airline industry and $150 billion for other distressed areas of the economy. READ MORE
Department of Labor Issues OSHA, Wage/Hour, and FMLA Guidance Addressing COVID-19
In response to the spreading 2019 novel coronavirus (“COVID-19”) pandemic, which has now been declared a national emergency by President Trump, the Department of Labor has released guidance to employers, summarized more fully below: READ MORE
Achieving Corporate Purpose and the Role of Long-Term Incentive Compensation in Doing So
Today’s column discusses the meaning of “corporate purpose” for a business corporation and the role long-term incentive compensation plays in achieving that purpose. (Each business enterprise, of course, will have its own goals and strategies to attain its corporate purpose in its own specific business or businesses.) READ MORE