U.S. Bankruptcy Judge John Dorsey ruled that more than $20 million of cash tied to benefit plans for retired Ruby Tuesday executives belongs to the chain and all of its creditors because it is insolvent. READ MORE
Pfizer's CEO cashed out $5.6 million of stock after trumpeting its COVID-19 vaccine.
Pfizer CEO Albert Bourla sold shares worth more than triple his base salary on Monday, hours after proclaiming that excellent results from the pharmaceutical company's COVID-19 vaccine in a late-stage trial made it a "great day for science and humanity." READ MORE
Deadline mounts to amend deferred compensation plans for Section 162(m) changes
Section 162(m) denies a deduction to a publicly held corporation generally for compensation to a “covered employee” in excess of $1 million for a year. READ MORE
Executive Compensation: Just 6 Percent of Russell 3000 Companies Have Announced COVID-Related Incentive Plan Changes
While the COVID-19 crisis has fundamentally altered the business environment across industries, only 6% of companies in the Russell 3000 Index have announced changes to their incentive compensation plans to date. Moreover, the types of changes made to compensation plans – such as reducing the target or maximum payout, or even cancelling the plan – indicate that executive bonuses for 2020 are on track to be lower than pre-pandemic expectations. READ MORE
Jobs with six-figure salaries: Doctors and pilots among highest-paying careers in the US
Americans weigh many factors when they seek employment – good benefits, vacation time, work-life balance, stimulating work environment, and a job that has meaning to society. For many, though, salary is the dominant consideration. READ MORE
The industries in which wages jumped and fell the most in the pandemic
Teachers, bankers, plumbers and electricians have sprinted ahead of the pack with decent pay rises over the past three months, despite the national workforce’s pay nearly flatlining. READ MORE
Here's how much $15 is really worth in the Sunshine State and other states and cities that have increased their minimum wage.
Raising the minimum wage has been a big topic of debate at the city, state, and federal level over the years, with activists and politicians setting a $15 hourly wage as a target benchmark. The value of $15, however, varies depending on an area's cost of living. READ MORE
Florida’s $15 Minimum Wage Vote Might Be a Tipping Point
Pressure on Congress to boost the federal wage floor for the first time in 13 years is building after voters in Republican-leaning Florida approved a ballot initiative to raise the state’s minimum wage to $15 an hour by 2026. READ MORE
Executive Compensation And Your Talent Strategy: Are You Missing Once-In-A-Lifetime Opportunities?
One of the most unfortunate side effects of the Covid-19 pandemic has been job loss or pay restructuring for millions of workers in almost every industry. But for savvy firms, it’s also creating an unparalleled opportunity to attract talented executives they wouldn’t otherwise have had. READ MORE
Five things to know about executive compensation clawbacks in FCPA cases
Last month, on the same day the DOJ and SEC imposed $3.3 billion in financial penalties against Goldman Sachs for 1MDB-related FCPA violations, Goldman’s board announced a plan to claw back $174 million from former and current executives. With Goldman in mind, let’s look at how clawbacks work, and whether they’re a good idea. READ MORE
Giuliani Is Said to Seek $20,000 a Day Payment for Trump Legal Work
Home Depot is boosting hourly wages as housing market booms
The housing market is booming. That's great news for Home Depot -- and its workers.
Home Depot reported better-than-expected sales and earnings Tuesday, and the company is planning to invest $1 billion annually on increased worker benefits. That's on top of the $1.7 billion in benefits the company has already granted this year in response to Covid-19. READ MORE
Uber and Lyft's gig worker fight is far from over
Uber and Lyft scored a big win when Californians voted in favor of their ballot measure that allows them to continue treating their drivers as independent contractors rather than employees in the state. But there's likely a long, turbulent road ahead as the companies confront the issue nationally. READ MORE
The Growing Importance of ESG Measures in Incentives
Environmental, social and governance (ESG) issues may seem like a hot, new topic, and in many ways it is. Companies all over the world are increasingly focused on their performance in various ESG measures and discussing them with their boards, investors and other stakeholders. READ MORE
Deloitte Services to pay $275K to settle claims it underpaid women in tech services
Pay parity — and the lack thereof — has emerged as a hot button issue in employment and employer culture. Employers can undertake various analyses to examine the issue. Controlled audits, for example, account for factors including job title, industry, job location, education and experience, WorldatWork's Director of Executive Compensation Strategy Sue Holloway previously told HR Dive in an interview. When these factors are taken into account, pay inequity gaps may still exist, but they will likely be smaller than an uncontrolled analysis would produce. READ MORE
Elon Musk’s Wealth Soars $12 Billion on Tesla Index Addition
ANALYSIS: Executive Pay Is Problematic for Companies in Distress
Executive compensation has long been a hot-button issue for investors. Throughout 2021, the Covid-19 pandemic and the economic downturn will focus attention on the pay of executives in struggling companies. Furthermore, companies seeking bankruptcy relief will probably encounter heightened scrutiny of their executive compensation requests. READ MORE
Equity compensation is the next hot benefit, Morgan Stanley says
Equity compensation isn’t just for Silicon Valley startups anymore — it’s for employers who want to attract and retain the best talent, Morgan Stanley executives say. READ MORE
Compensation-related considerations for the 2021 proxy season
Companies poised to enter into the upcoming annual report and proxy season should start disclosure preparations early in order to address the complexities that will have inevitably resulted from an unprecedented 2020. In particular, companies will need to take proactive steps to evaluate the impact of the COVID-19 pandemic on executive compensation, the role of new human capital management disclosure requirements and continued focus on diversity and inclusion, knowing that this year’s disclosures are likely to be heavily scrutinized by investors, proxy advisors and other stakeholders given the volatility and ethos of the preceding months. READ MORE
Executive Compensation in 2021: The Most Important Thing Private Companies Should Do Now
If the Covid-19 pandemic has caused unemployment to rise sharply, it has also created unique opportunities for companies to attract top talent that may have not been available before the crisis. Compensation is one of the most strategic tools companies have at their disposal to attract top-notch talent, retain best-performing executives and motivate the leadership team to achieve their objectives. And under the current climate, your talent strategy is critical to your success. READ MORE