Are Tech’s Wealthiest Men Worth Their Pay?

The mood about technology has soured more recently, but bosses’ paychecks have mostly remained unscathed.

#apple-inc, #cook-timothy-d, #ellison-lawrence-j, #executive-compensation, #facebook-inc, #oracle-corporation, #zuckerberg-mark-e

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The Highest-Paid C.E.O.s in 2020

It’s been a blowout year for executive pay.

#equilar, #executive-compensation, #karp-alex, #palantir-technologies

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Huge Paydays for C.E.O.s, as Gap With Workers Widened

The gap between workers and C.E.O.s widened during the pandemic as public companies granted top executives some of the richest pay packages ever.

#airbnb, #bezos-jeffrey-p, #chesky-brian, #doordash-mobile-app, #equilar, #executive-compensation, #iac-interactivecorp, #karp-alex, #labor-and-jobs, #levin-joseph, #musk-elon, #opendoor-open-door-labs-inc, #palantir-technologies, #richison-chad, #shareholder-rights-and-activism, #su-lisa-1969, #tesla-motors-inc, #varner-michael, #wages-and-salaries, #wu-eric-c-1982, #xu-tony

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Global Shortages During Coronavirus Reveal Failings of Just in Time Manufacturing

Global shortages of many goods reflect the disruption of the pandemic combined with decades of companies limiting their inventories.

#automobiles, #calvin-klein-inc, #computer-chips, #coronavirus-2019-ncov, #executive-compensation, #factories-and-manufacturing, #ford-henry, #intel-corporation, #international-trade-and-world-market, #mckinseyco, #nike-inc, #quarantine-life-and-culture, #ships-and-shipping, #shutdowns-institutional, #stock-buybacks, #stockpiling, #stocks-and-bonds, #taiwan-semiconductor-manufacturing-company-ltd, #toyota-motor-corp, #united-states-economy

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Emergent, Which Ruined Vaccine Doses, Gave Its Top Executives Bonuses

The government has so far paid Emergent BioSolutions $271 million, even though American regulators have yet to clear a single dose of vaccine produced at its manufacturing plant in Baltimore.

#baltimore-md, #bonuses, #coronavirus-2019-ncov, #emergent-biosolutions-inc, #executive-compensation, #government-contracts-and-procurement, #internal-essential, #kadlec-robert-p, #kramer-robert-g, #united-states-politics-and-government, #vaccination-and-immunization

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The Mogul in Search of a Kinder, Gentler Capitalism

Lynn Forester de Rothschild, founder of the Coalition for Inclusive Capitalism, believes change will come when hedge fund billionaires and Pope Francis work together.

#business-roundtable, #capitalism-theory-and-philosophy, #coalition-for-inclusive-capitalism, #content-type-personal-profile, #corporate-social-responsibility, #de-rothschild-lynn-forester, #executive-compensation, #executives-and-management-theory, #high-net-worth-individuals, #income-inequality, #ubben-jeffrey-w

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Leslie Moonves Receives Nothing From CBS Exit Package

A filing on Friday marked the end of a long dispute between the company and the once-powerful executive, who was fired in 2018 after accusations of sexual misconduct.

#cbs-corporation, #executive-compensation, #moonves-leslie, #television, #viacomcbs-inc

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California Is Awash in Cash, Thanks to a Booming Market

In a single year, the state’s financial outlook has gone from surplus to deficit to surplus as capital gains tax collections have risen amid a soaring stock market and I.P.O. boom.

#apple-inc, #brown-edmund-g-jr, #budgets-and-budgeting, #california, #capital-gains-tax, #coronavirus-2019-ncov, #cupertino-calif, #economic-conditions-and-trends, #executive-compensation, #income-tax, #initial-public-offerings, #newsom-gavin, #standardpoors-500-stock-index, #stimulus-economic, #stock-options-and-purchase-plans, #taxation

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C.E.O. Pay Remains Stratospheric, Even at Companies Battered by Pandemic

While millions of people struggled to make ends meet, many of the companies hit hardest in 2020 showered their executives with riches.

#bezos-jeffrey-p, #boeing-company, #calhoun-david-l, #executive-compensation, #hilton-worldwide-holdings-inc, #iger-robert-a, #income-inequality, #johnson-kevin-r, #labor-and-jobs, #layoffs-and-job-reductions, #page-larry, #rittenmeyer-ronald-a, #stankey-john-t, #starbucks-corporation, #wages-and-salaries, #warren-elizabeth

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Were the Airline Bailouts Really Needed?

Once again, we have socialized an industry’s losses and privatized its profits.

#airlines-and-airplanes, #american-airlines, #coronavirus-aid-relief-and-economic-security-act-2020, #delta-air-lines-inc, #executive-compensation, #lobbying-and-lobbyists, #parker-doug-1961, #stimulus-economic, #travel-and-vacations, #united-airlines

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BAM Helped Buy Its Boss a New Home. She Left in Under 6 Years.

Some cultural institutions own apartments for their leaders to use. The Brooklyn Academy of Music decided to help its last leader buy one with a bonus of $968,000.

#bonuses, #brooklyn-nyc, #brooklyn-academy-of-music, #clark-katy-1968, #culture-arts, #executive-compensation, #hopkins-karen-brooks, #orchestra-of-st-lukes, #quarantine-life-and-culture, #real-estate-and-housing-residential

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Jeff Immelt Oversaw the Downfall of G.E. Now He’d Like You to Read His Book.

The C.E.O. who followed Jack Welch tried, and failed, to revive the company’s stock price. He’s owning up to some of his mistakes now — and assigning some blame.

#bolze-stephen-r-1963, #executive-compensation, #executives-and-management-theory, #general-electric-company, #immelt-jeffrey-r, #securities-and-commodities-violations, #welch-john-f-jr

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Sloan Kettering Paid $1.5 Million Severance to a Cancer Doctor Forced Out Over Conflicts

Memorial Sloan Kettering Cancer Center gave Dr. José Baselga a payout after he resigned under fire in 2018 over his ties to health care companies.

#appointments-and-executive-changes, #astrazeneca-plc, #baselga-jose, #conflicts-of-interest, #executive-compensation, #hospitals, #memorial-sloan-kettering-cancer-center, #nonprofit-organizations, #thompson-craig-b, #your-feed-healthcare

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While Millions Lost Jobs, Some Executives Made Millions in Company Stock

Some corporate bosses who received stock awards this year are sitting on gains of millions of dollars.

#bonuses, #coronavirus-2019-ncov, #dicks-sporting-goods-inc, #executive-compensation, #fedex-corporation, #high-net-worth-individuals, #income-inequality, #institutional-shareholder-services-inc, #mgm-resorts-international, #moderna-inc, #peloton-interactive-inc, #smith-frederick-w, #stack-edward-w

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Alphabet Settles Shareholder Suits Over Sexual Harassment Claims

Google’s parent company was hit with a wave of lawsuits after The New York Times reported that an accused executive had received a $90 million exit package.

#metoo-movement, #alphabet-inc, #arbitration-conciliation-and-mediation, #executive-compensation, #google-inc, #rubin-andrew-e-1962, #sexual-harassment, #suits-and-litigation-civil

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Museum Boss Salaries: Reduced but Still an Issue Amid Wider Cutbacks

The compensation packages of museum directors are drawing scrutiny as their institutions try to fill budget holes with cutbacks that have included layoffs and furloughs of lesser-paid staffers.

#asia-society, #executive-compensation, #guggenheim-solomon-r-museum, #layoffs-and-job-reductions, #metropolitan-museum-of-art, #museum-of-modern-art, #museums, #new-museum-of-contemporary-art, #wages-and-salaries, #whitney-museum-of-american-art

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Pinterest Employees Demand Gender and Race Equality

More than 200 said they stood in solidarity with three former co-workers who have accused the company of discrimination.

#brougher-fancoise, #discrimination, #executive-compensation, #pinterest, #silbermann-ben, #social-media, #suits-and-litigation-civil, #wages-and-salaries, #women-and-girls, #workplace-hazards-and-violations

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Pinterest Accused of Gender Bias in Suit by Former No. 2 Executive

Françoise Brougher, Pinterest’s former chief operating officer, said she was fired after speaking up about mistreatment.

#metoo-movement, #appointments-and-executive-changes, #computers-and-the-internet, #discrimination, #executive-compensation, #francoise-brougher, #gender, #pinterest, #silbermann-ben, #social-media, #women-and-girls, #workplace-environment, #workplace-hazards-and-violations

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McDonald’s Lawsuit Puts Spotlight on Severance Policy

The fast-food giant’s suit against its former C.E.O. may prompt other companies to review their pay and severance policies.

#easterbrook-stephen-j-1967, #executive-compensation, #mcdonalds-corporation, #mergers-acquisitions-and-divestitures, #tiktok-bytedance

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McDonald’s Sues Former C.E.O. Steve Easterbrook

The fast-food chain said Steve Easterbrook, who was fired last fall, concealed evidence during an investigation into his conduct.

#metoo-movement, #appointments-and-executive-changes, #easterbrook-stephen-j-1967, #ethics-and-official-misconduct, #executive-compensation, #fast-food-industry, #mcdonalds-corporation, #suits-and-litigation-civil

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Kodak C.E.O. Got Stock Options Day Before News of Loan Sent Stock Soaring

The stock options suddenly were worth about $50 million — the latest instance of extraordinary good timing by corporate executives.

#continenza-jim, #drugs-pharmaceuticals, #eastman-kodak-company, #executive-compensation, #federal-aid-us, #stock-options-and-purchase-plans, #stocks-and-bonds, #united-states-politics-and-government

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As the Pandemic Forced Layoffs, C.E.O.s Gave Up Little

Some corporate bosses offered to cut their pay, but most did not. Those who did gave up less than 10 percent of what they received last year.

#bonuses, #coronavirus-2019-ncov, #corporations, #executive-compensation, #labor-and-jobs, #layoffs-and-job-reductions, #stocks-and-bonds, #united-states, #wages-and-salaries

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Tesla Turns a Profit in a Pandemic-Squeezed Quarter

The result was achieved “despite tremendous difficulties,” said the chief executive, Elon Musk, including a plant shutdown and lower sales.

#company-reports, #electric-and-hybrid-vehicles, #executive-compensation, #musk-elon, #stocks-and-bonds, #tesla-motors-inc

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Want More Diversity? Some Experts Say Reward C.E.O.s for It

Only a small number of large companies have tied executive compensation to goals for hiring and promotion of workers from underrepresented groups.

#black-people, #bonuses, #corporate-social-responsibility, #discrimination, #executive-compensation, #firstenergy-corporation, #hiring-and-promotion, #khosrowshahi-dara, #minorities, #race-and-ethnicity, #uber-technologies-inc, #workplace-environment

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When Bosses Shared Their Profits

Since the 1980s, profit-sharing has declined. It deserves to make a comeback.

#amazon-com-inc, #bonuses, #employee-stock-ownership-plans-esop, #executive-compensation, #labor-and-jobs, #reich-robert-b, #sears-roebuckco, #united-states, #united-states-economy, #wages-and-salaries

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These Companies Gave Their C.E.O.s Millions, Just Before Bankruptcy

Corporate boards are handing out millions to top executives before their companies seek bankruptcy protection, and courts can’t do much about it.

#bankruptcies, #bonuses, #chesapeake-energy-corporation, #coronavirus-2019-ncov, #executive-compensation, #hertz-global-holdings-inc, #jc-penney-company-inc, #lawler-robert-douglas, #layoffs-and-job-reductions, #soltau-jill, #whiting-petroleum-corporation

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Hospitals Got Bailouts and Furloughed Thousands While Paying C.E.O.s Millions

Dozens of top recipients of government aid have laid off, furloughed or cut the pay of tens of thousands of employees.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #entwistle-david, #executive-compensation, #hazen-samuel-n, #hca-holdings-inc, #hospitals, #layoffs-and-job-reductions, #mayo-clinic, #national-nurses-united, #providence-healthservices, #rittenmeyer-ronald-a, #stanford-university, #tenet-healthcare-corporation

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Rare Stock Tweak During Pandemic Adds Millions to a C.E.O.’s Potential Payout

Raytheon Technologies, the defense contractor, reset the stock price it would use to calculate certain compensation for its chief and other employees.

#executive-compensation, #hayes-gregory-j, #raytheon-company, #stock-options-and-purchase-plans, #united-technologies-corporation

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The Reopening, in 5 Charts

As states ease lockdown orders, Americans are eating out, booking flights and buying houses again. Here’s what that looks like.

#coronavirus-2019-ncov, #coronavirus-reopenings, #executive-compensation, #franklin-templeton-limited-duration-income-trust, #hertz-global-holdings-inc, #united-airlines

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Pay Cuts Become a Tool for Some Companies to Avoid Layoffs

“Shared sacrifice” in the white-collar ranks aims to avoid the cost of staffing up again. With no end to the crisis in sight, it is a leap of faith.

#aon-corp, #coronavirus-2019-ncov, #executive-compensation, #executives-and-management-theory, #hca-holdings-inc, #kvh-industries-inc, #labor-and-jobs, #wages-and-salaries, #workplace-environment

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Loeffler Got Lucrative Parting Gift From Public Company en Route to the Senate

The parent company of the New York Stock Exchange, which her husband runs, changed compensation terms to give Kelly Loeffler, a top executive, awards worth millions of dollars as she left for Congress.

#collins-douglas-a-1966, #elections-senate, #executive-compensation, #intercontinental-exchange-inc, #loeffler-kelly-l, #new-york-stock-exchange, #primaries-and-caucuses, #senate, #sprecher-jeffrey-c, #united-states-politics-and-government

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Large, Troubled Companies Got Bailout Money in Small-Business Loan Program

Companies with accounting problems or in trouble with the government received millions in federal loans.

#appointments-and-executive-changes, #banking-and-financial-institutions, #continental-materials-corporation, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #cpi-aerostructures-inc, #executive-compensation, #harvard-bioscience-inc, #shake-shack-inc, #shutdowns-institutional, #small-business, #small-business-administration, #united-states-economy

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Rupert Murdoch, His Son Lachlan and Other Fox Executives Will Take Pay Cuts

The company behind Fox News, Fox Business and the Fox network is guarding against the pandemic’s economic fallout.

#coronavirus-2019-ncov, #executive-compensation, #fox-business-network, #fox-entertainment-group-inc, #fox-news-channel, #murdoch-lachlan, #murdoch-rupert, #news-and-news-media, #television, #wages-and-salaries

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NPR Cuts Executive Pay as Corporate Sponsors’ Payments Fall

The chief executive of the radio and podcasting giant said he hoped to avoid layoffs.

#executive-compensation, #lansing-john, #national-public-radio, #public-broadcasting, #radio, #wages-and-salaries

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Pay Cuts Come to Condé Nast, the Glossy Publisher of Vogue and Vanity Fair

The pandemic’s fallout has put “significant financial pressure” on a company known for its lavishness.

#advertising-and-marketing, #conde-nast-publications-inc, #coronavirus-2019-ncov, #executive-compensation, #layoffs-and-job-reductions, #luxury-goods-and-services, #lynch-roger, #magazines, #wages-and-salaries, #wintour-anna, #your-feed-fashion

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Big Business Pledged Gentler Capitalism. It’s Not Happening in a Pandemic.

C.E.O.s who signed a celebrated Business Roundtable document, promising to elevate worker interests, are now resorting to furloughs.

#business-roundtable, #coronavirus-2019-ncov, #executive-compensation, #income-inequality, #labor-and-jobs, #layoffs-and-job-reductions, #marriott-international-inc, #sorenson-arne-m, #united-states-economy, #wages-and-salaries

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Are We Really Facing the Coronavirus Together?

The pandemic has helpfully scrambled how we value everyone’s economic and social roles.

#colleges-and-universities, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #executive-compensation, #finances, #harvard-university, #income-inequality, #philosophy, #politics-and-government, #poverty, #united-states-politics-and-government

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Jack Welch, G.E. Chief Who Became a Business Superstar, Dies at 84

Mr. Welch was named “manager of the century” after General Electric’s revenue jumped nearly fivefold during his tenure.

#appointments-and-executive-changes, #deaths-obituaries, #executive-compensation, #general-electric-company, #welch-john-f-jr

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