executive compensation

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Judge Sticks to Refusal to Allow Unprecedented Pay for Musk

Lawyers' compensation goes from $5B to $345M

(Newser) - A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk's multibillion-dollar pay package. Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla's corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented...

America's Highest-Paid CEOs
America's Highest-Paid CEOs
Sep 2, 2024 2:25 PM CDT

America's Highest-Paid CEOs

Quartz runs down the top 10 following an AFL-CIO report

(Newser) - Happy Labor Day, here's a "fun" fact for you from AFL-CIO's 2024 report on executive pay : "It would take more than five career lifetimes for workers to earn what CEOs receive in just one year." The report finds that last year, corporate profits and executive...

New Starbucks CEO Will Be Working From Home

Brian Niccol's compensation could top $113M this year

(Newser) - Starbuck's new CEO will be handsomely rewarded for taking charge of the coffee chain—and he won't have to trade sunny California for rainy Seattle. CNBC reports that the pay package that brought Brian Niccol to Starbucks from Chipotle includes a base annual salary of $1.6 million...

'I Love You Guys,' Musk Says After Shareholder Vote

But he still faces legal fight to have massive Tesla pay package restored

(Newser) - At Tesla's annual meeting in Austin on Thursday, the company confirmed that shareholders had approved both Elon Musk's massive pay package, along with a proposal to change the company's state of incorporation from Delaware to Texas. Tesla didn't disclose vote totals, Bloomberg reports, but Musk said...

Musk Says Shareholders Approved $56B Pay Package
Musk Says Tesla Investors
Approved Pay Package, Move
THE RUNDOWN
Jun 13, 2024 6:01 AM CDT

Musk Says Tesla Investors Approved Pay Package, Move

But vote won't automatically restore $56B package

(Newser) - Elon Musk appears to have scored a big win in the battle over his record-breaking Tesla pay package. In a post on X late Wednesday, the CEO shared a graphic showing that support for the pay package in a shareholder vote had passed the "guaranteed win" mark. "Thanks...

Musk Makes a Move After Judge Voids $55B Pay Package

Neuralink is now officially headquartered in Nevada instead of Delaware

(Newser) - Neuralink, Elon Musk's brain implant company, has shifted its legal corporate home from Delaware to Nevada—after his major Tesla pay package hit a wall in a Delaware court. Court records in both states show Neuralink, though it has its physical headquarters in Fremont, California, became a Nevada company...

This Gambling Bigwig's Salary Is Really Flush, Critics Say

Think tank slams Bet365 CEO Denise Coates' $280M as not being 'sensible or proportionate'

(Newser) - A billionaire gambling exec added to her bank account substantially last year, in a salary increase that has some pushing back. The BBC reports that Denise Coates, founder and CEO of the online gambling firm Bet365, saw a nearly $9 million paycheck bump in 2023, with her salary jumping to...

'Pity City' CEO Sorry Her Comments 'Seemed Insensitive'

The MillerKnoll leader made her controversial statements during a March town hall

(Newser) - The MillerKnoll CEO who instructed employees who were worried about whether they'd be getting a bonus to "leave pity city" has apologized to her staff. MLive reports Andi Owen, who's been at the helm of the company since 2018, sent an email that read, in part: "...

Ousted Disney CEO's Exit Pay Revealed in Filing

Bob Chapek's package is worth about $20M

(Newser) - Bob Chapek may be out at Disney, but he's definitely not down and out. A Tuesday regulatory filing shows he's slated to walk with a severance package worth about $20 million. Insider gives the breakdown: It's $6.5 million in base salary tied to the scheduled end...

'$70K CEO' Dan Price Resigns
'$70K CEO' Dan Price Resigns
Aug 18, 2022 11:28 AM CDT

'$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
Dec 28, 2017 3:11 AM CST

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
Apr 25, 2017 12:47 AM CDT

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
May 11, 2016 12:27 AM CDT

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...

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