On Oct. 15, 2020, Institutional Shareholder Services (ISS) released preliminary FAQs on its approach to analyzing executive pay decisions relating to the COVID-19 pandemic. The FAQs, shaped by feedback from direct discussions with investors as well as ISS’ annual policy survey, provide general guidance regarding how ISS U.S. benchmark research may approach COVID-19-related pay decisions in the context of ISS’ pay-for-performance qualitative evaluation. READ MORE
Kodak says ex-executives sold stock options they didn’t own
Eastman Kodak Co. said five former executives were able to collect millions of dollars by selling stock options they didn’t own, an admission that is set to add to the scrutiny the company faces over the circumstances surrounding a halted U.S. loan. READ MORE
The highest-paying jobs in America
These 79 occupations earn six-figure salaries READ MORE
Does the First Lady Get a Salary?
We know the President and the Vice President of the United States receive salaries, but how much does the First Lady make? Jill Biden’s pay as FLOTUS may surprise you. READ MORE
Virus Cases Rise, but Hazard Pay for Retail Workers Doesn’t
They were hailed as heroes during the first wave of the pandemic, but wage increases were fleeting, and companies, whose businesses are booming, have been slow to pay out more. READ MORE
What will San Francisco’s new “CEO tax” actually accomplish?
Last week, voters in San Francisco passed a bevy of new taxes aimed at the top of America’s income brackets. The most striking is Proposition L, informally dubbed the “CEO tax.” By targeting businesses with highly paid executives and low-paid workers, it won approval with a resounding 65% of votes. That makes San Francisco the largest city to enact an idea long championed but seldom enacted in left-leaning circles: a corporate inequality tax. READ MORE
Musk guns for gates number 2 wealth ranking with tesla on a tear
Elon Musk is just a Tesla Inc. rally away from unseating fellow mega-billionaire -- and occasional verbal sparring partner -- Bill Gates as the second-richest person on the planet. READ MORE
As Year-End Companies Meet to Consider COVID19-Related Compensation Adjustments, the Question Remains – Will they?
“Pay the Piper” for Paying their Executives? Say-on-Pay Vote Results for Quarter and Midyear Proxy Filers and ISS FAQs Provide Insights and Early Warnings READ MORE
‘Top Hat’ Plan Cash Now Belongs to Ruby Tuesday Creditors: Judge
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