Hollywood’s “Time’s Up” organization, set up to fight sexual harassment — with Reese Witherspoon, Amy Schumer, Brie Larson and other luminaries on its board — spent the bulk of its donations on executive salaries and only a fraction on legal costs to help victims, public records show. READ MORE
Facebook CEO Mark Zuckerberg Salary Beaten by Company Engineers
Given how he’s one of the world’s richest people, you might expect Facebook CEO Mark Zuckerberg to pull down a hefty annual salary—and you’d be wrong. However, Zuckerberg is also compensated in ways that outpace anyone else at Facebook. READ MORE
Let’s Talk About Higher Wages
One of the great successes of the Republican Party in recent decades is the relentless propagation of a simple formula for economic growth: tax cuts.
The formula doesn’t work, but that has not affected its popularity. In part, that’s because people like tax cuts. But it’s also because people like economic growth, and while the cult of tax cuts has attracted many critics, it lacks for obvious rivals. READ MORE
Report finds more shareholder support for exec pay in Silicon Valley than in S&P 100
Shareholders of Silicon Valley’s 150 largest public technology and life sciences companies were less likely than investors in large companies nationwide to object to executives’ compensation packages this year — one sign that Silicon Valley has fared well during the pandemic. READ MORE
More investors want executive pay tied to ESG
More than two thirds of investors want executive pay tied to ESG initiatives, a move that would pressure boards to achieve social and other key targets, according to the global Edelman Trust Barometer Special Report: Institutional Investors. Sixty-nine percent of stakeholders say they want to see a link between remuneration and ESG, a 17-point jump over 2019. READ MORE
Amazon to give $500M in special holiday bonuses to front-line employees
Amazon is recognizing the continued hard work of its employees during the coronavirus pandemic with a special bonus ahead of the holiday season. READ MORE
NRA reports alleged misspending by current and former executives to IRS
After years of denying allegations of lax financial oversight, the National Rifle Association has made a stunning declaration in a new tax filing: Current and former executives used the nonprofit group’s money for personal benefit and enrichment. READ MORE
Study Reveals Employees Place Greater Emphasis on Equity Compensation Amid Pandemic
E*TRADE interviewed 53,512 stock plan participants from September 8–18, 2020, seeking their views on how they engage with, and feel about, their equity compensation. Results show that in this volatile and uncertain year participants across all ages and categories placed higher importance on—and satisfaction with—their stock plan benefits: READ MORE
Glass Lewis’ 2020 Proxy Season Review
Glass Lewis (“GL”) recently issued its 2020 Proxy Season Review (U.S.) (the “Report”) covering the U.S. 2020 Proxy Season (i.e., January 1, 2020 through June 30, 2020). GL reported on certain 2020 shareholder voting trends and results, as well as certain of GL’s voting recommendations. READ MORE
Workers call on Walmart, Amazon and other retailers to bring back hazard pay ahead of holiday rush
Workers at Walmart, Amazon, Kroger and other major retailers are calling on their employers to reinstate hazard pay and strengthen safety protocols ahead of the busy holiday shopping season as coronavirus infection rates skyrocket. READ MORE
How to ask for a raise in the middle of a pandemic
You've been working longer days and increasing your output, taking on more responsibilities, and really stepping up. You've earned a pay raise.
SEC issues proposed rulemaking to give gig workers equity compensation
The Securities and Exchange Commission has issued rules that would allow public and private companies to offer equity compensation to gig workers. READ MORE
Nearly 700 mostly Chicago-area nurses walk off the job
Nearly 700 nursing home workers walked off the job Monday at 11 mostly Chicago-area Infinity Healthcare Management facilities, saying they won't return until the company offers them higher wages and safer working conditions amid the coronavirus pandemic that’s hit nursing homes hard. READ MORE
Amazon’s $3,000 Signing Bonuses Irk Workers Who Got $10 Coupons
Amazon.com Inc. is doling out hiring bonuses as high as $3,000 to make sure it has enough people to squeak through the busy holiday shopping season. That’s stoking resentment among existing workers who recently got coupons for Thanksgiving turkeys as a thank you for their hard work. READ MORE
Rewarding Sales Profits Effectively
Should companies pay salespeople based on profits? Most agree the key measure of sales performance is revenue — what the company gets paid for the sale. Expressed as a sales goal, sales departments link sellers’ pay to “winning” as much revenue as possible. However, not all revenue will prove profitable for the company. READ MORE
Equitable Total Rewards: Driving Resilience and Sustainability
In February 2020, which seems like a century ago, we published an article in The Journal of Total Rewards suggesting that fairness in total rewards goes far beyond pay, and a focus on diversity, equity and inclusion extends to all elements of the portfolio — including pay, benefits, careers and well-being. READ MORE
Why Reddit will pay workers the same salary no matter where they live
More companies have embraced remote work permanently, and that has spurred some employees to relocate to other parts of the country. But moving to a less expensive area can come with a trade-off: a smaller paycheck.
That's not the case at Reddit, though. READ MORE
Making Equity Compensation Plans More Inclusive for Women
Financial wellness solutions and equity compensation programs can play a key role in supporting women’s careers. And by making these plans more inclusive and broad-based, companies can benefit both their employees and their bottom line. Here’s a look at how women’s career paths differ from men’s, and how a well-structured equity compensation program can help women achieve financial wellness while supporting a company’s recruitment and retention efforts. READ MORE
Elon Musk Overtakes Bill Gates to Grab World’s Second-Richest Ranking
Elon Musk’s year of dizzying ascents hit a new apex Monday as the Tesla Inc. co-founder passed Bill Gates to become the world’s second-richest person. READ MORE
No masks? No hazard pay? Amid COVID-19 surge
As they brace for the holiday rush, grocery store and other frontline workers are demanding hazard pay, better cleaning of their workplaces and the mandatory wearing of masks to improve safety amid the spike in coronavirus cases across the country. READ MORE