executive compensation

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'$70K CEO' Dan Price Resigns
'$70K CEO' Dan Price Resigns

'$70K CEO' Dan Price Resigns

Gravity Payments CEO says he's focusing on fighting 'false accusations' of misconduct

(Newser) - Gravity Payments CEO Dan Price has resigned—and the move is apparently unconnected to his 2015 decision to pay all employees, including himself, a $70,000 salary. In a tweet Wednesday, the CEO of the Seattle-based payments processing company shared a letter to his colleagues in which he said he...

CEO Pay Took an Eye-Popping Jump Last Year

Typical compensation package for those at helm of S&P 500 companies soared 17.1%

(Newser) - Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. The typical compensation package for chief executives who run S&P 500 companies soared 17.1% last year, to a median $14.5 million, according to data analyzed for the AP...

Tim Cook's Compensation Should Alarm Investors: Firm

He received $99M in 2021, or 1,447 times the wage of an average Apple worker

(Newser) - Apple shareholders are urged to raise a stink about a $99 million pay package awarded last year to CEO Tim Cook, who's already reportedly worth more than $1 billion. In a letter to shareholders published Wednesday, proxy advisory firm Institutional Shareholder Services said there are "significant concerns" about...

Cruise Line Lost $4B, but CEO's Pay Doubled

Wall Street Journal analysis finds that most chief executives got raises during the pandemic

(Newser) - Last year was a time of enormous economic distress and uncertainty. For the CEOs of major companies, it was also a time of enormous pay raises, the Wall Street Journal reports. While salaries were in many cases unchanged, and some CEOs volunteered to take pay cuts, the Journal notes that...

Tesla Incentives Pay Off Handsomely for Musk

His payout could be worth $770M

(Newser) - Elon Musk doesn't take a salary from Tesla. He doesn't seem to need one. The company has met its financial goals, Mashable reports, which makes Musk eligible for his reward. He can now buy 1.69 million shares at $350.02 apiece. At Thursday's closing price of...

Paycheck of Top-Paid CEO in US: $102.2M

Honors go to First Data Corp.'s Frank Bisignano of Ga.; other states' CEOs do well, too

(Newser) - Les Moonves made $68.4 million in 2017 as the CEO of CBS, but New York didn't claim the highest-paid CEO in the country last year—Georgia did, with First Data's Frank J. Bisignano bringing in a $102.2 million paycheck. The AP and Equilar, an executive data...

Apple CEO Gets Massive Bonus Boost
Apple Reverses
CEO's Pay Cut

Apple Reverses CEO's Pay Cut

Tim Cook gets massive bonus for exceeding sales targets

(Newser) - The pay cut that CEO Tim Cook and other Apple execs received after a rare slump in sales last year has been reversed—and then some. According to a Wednesday filing with the Securities and Exchange Commission, a cash bonus for exceeding the board's sales and profit targets boosted...

Marissa Mayer Will Get Huge Payday From Yahoo Sale
Marissa Mayer Could
Walk With $186M

Marissa Mayer Could Walk With $186M

Filings suggest she will make at least that much

(Newser) - Her years in charge of Yahoo haven't been what you would call an unqualified success, but Marissa Mayer still stands to make $186 million if the company's sale to Verizon goes ahead June 8. That figure includes the CEO's Yahoo stock, stock options, and restricted stock units...

Wells Fargo Grabs Back $75M From Ex-Execs

Former CEO John Stumpf to lose $28M more, Carrie Tolstedt $47.3M in stocks

(Newser) - New developments in the Wells Fargo sales scheme emerged Monday, with an investigative report from the bank's board noting that $75 million in compensation will be clawed back from two former executives, including ex-CEO John Stumpf , the New York Times reports. After a six-month probe into the scandal that...

At the Very Top, Women Out-Earn Men
 In This Select Group, 
 Women Out-Earn Men 
NEW REsearch

In This Select Group, Women Out-Earn Men

Reverse pay gap exists among CEOs of top 100 companies

(Newser) - Researchers have identified a group of women who actually get paid more than their male counterparts for the same work—but that group consists of just eight people. Executive compensation research firm Equilar looked at the CEOs of the 100 largest public companies and found the eight women among them...

CEO Pay Hits Wild Milestone

AFL-CIO president blames 'income inequality crisis' on CEOs

(Newser) - So what was the average CEO paycheck like last year? Oh, just 373 times higher than your average worker's, up from 331 times higher the year before, according to a new report by the labor organization AFL-CIO. That means the average S&P 500 company chief made $13.5...

FHFA: $600K Not Enough for Fannie, Freddie CEOs

Agency says better compensation needed to attract, keep top talent

(Newser) - Freddie Mac CEO Donald Layton and Fannie Mae CEO Tim Mayopoulos each earn a base salary of $600,000, plus money added to their retirement plans, under a 2012 salary cap put in place by the regulatory Federal Housing Finance Agency, Politico reports. But that may not be enough to...

Google CFO Gets $70M for Leaving Wall St.

Ruth Porat will be paid more than her Morgan Stanley boss

(Newser) - If Google paid its employees in gold, Ruth Porat would be getting more than 3,500 pounds of it for leaving Morgan Stanley to join the company. Instead, she's getting more than $70 million in stock bonuses and cash to become Google's new chief financial officer, reports the...

Marissa Mayer Fires High-Priced No. 2

Henrique de Castro will be getting a big payday

(Newser) - Marissa Mayer has fired COO Henrique de Castro, 15 months after she snatched him away from Google on an outsized four-year package worth an estimated $62 million. That was Mayer's first big hire as CEO, but he hasn't been able to boost Yahoo's flagging ad revenue as...

Netflix Gives Eye-Popping Raise to CEO

Reed Hastings gets rewarded for stock's meteoric rise

(Newser) - Netflix CEO Reed Hastings is being rewarded handsomely for the network's recent success in the original content game. The CEO's pay will jump 50% in 2014, according to regulatory filings spotted by Reuters . He'll make $6 million, split evenly between stock and cash. Other top executives will...

Almost 1 in 3 Bank Tellers Need Public Assistance

And that's costing taxpayers almost $900 million a year

(Newser) - You probably don't think of bank tellers the same way you think about, say, the fast food workers protesting today , but they, too, have ample reason to complain about their wages, a new report suggests. Nearly a third of tellers are on some form of public assistance, according to...

Swiss Voters Dump Plan to Ax Executive Pay

Salaries would have been capped at 12 times lowest

(Newser) - A measure that would have ensured bosses didn't make more in a month than their lowest-paid workers made in a year has been voted down in Switzerland. The 1:12 Initiative for Fair Pay, which would have capped executive salaries at 12 times that of their lowest-paid employee, was...

Let's Outsource Our CEOs




 Let's Outsource Our CEOs 
OPINION

Let's Outsource Our CEOs

Matthew Yglesias on the wild, and arbitrary, differences in CEO pay

(Newser) - It's not exactly breaking news that CEOs make a ton of money . But as Matthew Yglesias at Slate looked through a new database of CEO pay, he also noticed that CEOs' paydays are incredibly arbitrary; there's "certainly no clear link to corporate performance." But there are...

Public University Presidents Rake in Millions

Disgraced former Penn State boss Graham Spanier leads the pack

(Newser) - Last year, four public university presidents boasted compensation of more than $1 million, a study finds. At the top: Graham Spanier, the former Penn State president driven out by the Jerry Sandusky sex abuse scandal. Spanier made $2.9 million in the 2011-2012 fiscal year; part of that was his...

Yahoo Gave Marissa Mayer $1.1M Bonus After 6 Months

Plus restricted stock worth $13.3M

(Newser) - Marissa Mayer got a pretty sweet six-month anniversary gift from Yahoo: She spent just half of 2012 as CEO, and got a $1.12 million cash bonus for her troubles, CNNMoney reports. She also received restricted stock worth $13.3 million, according to company filings. This year Mayer, who started...

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