No cryptocurrency investor has been spared the pain of plunging prices. But the fallout from more than $700 billion in losses is far from even.
Tag Archives: Executive Compensation
How Elon Musk and Tesla Helped Make C.E.O Pay Even Richer
The gap with workers widened even further as public companies granted top executives rich pay packages partly inspired by Tesla.
How Founders Decide What They Should Get Paid
Whether in a downturn or when things are flush, the compensation that start-up founders give themselves always sends some kind of message.
How Jack Welch’s Reign at G.E. Gave Us Elon Musk’s Twitter Feed
The onetime ‘manager of the century’ paved the way for C.E.O.s to moonlight as internet trolls.
Shelter Operator Cited for Nepotism Still Gets Millions in City Funds
New York officials found misspending by African American Planning Commission, which runs homeless shelters, but public money continued to flow.
1MDB Trial Set to Begin for Ex-Goldman Banker Roger Ngo
Roger Ng was indicted in 2018 for his role in the looting of Malaysia’s government fund. His trial starts Monday.
SoftBank’s Woes Are Mounting
Plunging profit, wobbly shares and a key executive’s departure after a bitter pay dispute beget the question: Will SoftBank rein in its freewheeling ways?
Wall Street Fights to Keep Talent, but Money Isn’t Always Enough
Banks are raising pay to fend off investment firms, fintechs and crypto start-ups. Still, leaving is often about something other than “always having more and more.”
Marcelo Claure Is Leaving SoftBank
Marcelo Claure became a close confidant of SoftBank’s founder and played a singular role at the Japanese conglomerate. He was seeking roughly $2 billion over several years.
The New Get-Rich-Faster Job in Silicon Valley: Crypto Start-Ups
Tech executives and engineers are quitting Google, Meta, Amazon and other large companies for what they say is a once-in-generation opportunity with crypto.
Former McDonald’s C.E.O. Steve Easterbrook Repays Company $105 Million
The settlement with Steve Easterbrook, who was ousted in 2019 for an inappropriate relationship, is one of the largest ever clawbacks of executive compensation.
A Top SoftBank Executive Wants $2 Billion in Pay. His Boss Disagrees.
The SoftBank founder, Masayoshi Son, is locked in a dispute over compensation that his key deputy, Marcelo Claure, insists he should be paid.
Behind Elon Musk’s Twitter Poll Is a Tax Bill Coming Due
He asked whether he should sell 10 percent of his stock, and Twitter voters said yes. Stock options he was granted in 2012 are “a ticking tax time bomb,” one expert said.
Roger Goodell’s Pay for Two Years Reached Nearly $128 Million
The N.F.L. commissioner’s compensation for 2019-20 and 2020-21, bolstered by bonuses for closing labor and media rights deals, was disclosed to team owners in a private meeting.
How $2 Trillion in Tax Increases in Biden’s Bill Target Companies and the Rich
The proposal to fund the president’s sprawling spending plan mostly turns up the dial on more conventional tax policies, while trying to curb maneuvers that allow tax avoidance.
How Biden’s $2 Trillion in Tax Increases Target Companies and the Rich
The proposal to fund the president’s sprawling spending plan mostly turns up the dial on more conventional tax policies, while trying to curb maneuvers that allow tax avoidance.
Housing Boss Earns $1 Million to Run Shelters Despite a Troubled Past
Some executives at nonprofit groups that operate New York City homeless shelters are benefiting from the plight of the people they serve.
LoanDepot Lawsuit Accuses Lender of Cutting Corners
A lawsuit by its former operations chief says that as loanDepot prepared to go public, its founder pushed workers to approve mortgages without documentation.
Hedge Fund’s Insiders Agree to Pay as Much as $7 Billion to I.R.S.
The agreement ends a longstanding tax dispute involving a decade’s worth of transactions at Renaissance Technologies, one of the world’s biggest and best-connected hedge funds.
Hubert Joly Turned Around Best Buy. Now He’s Trying to Fix Capitalism.
“The more taxes I pay, the happier I am,” says Mr. Joly, who is waging a campaign to get big business to be more socially responsible.
Trump Organization Lawyers Meet With Manhattan Prosecutors
An indictment against the business, the Trump Organization, and a top executive, Allen Weisselberg, could come as soon as this week in Manhattan.
Are Tech’s Wealthiest Men Worth Their Pay?
The mood about technology has soured more recently, but bosses’ paychecks have mostly remained unscathed.
The Highest-Paid C.E.O.s in 2020
It’s been a blowout year for executive pay.
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.
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.
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.
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.
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.
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.
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.
Were the Airline Bailouts Really Needed?
Once again, we have socialized an industry’s losses and privatized its profits.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
When Bosses Shared Their Profits
Since the 1980s, profit-sharing has declined. It deserves to make a comeback.
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.
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.
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.
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.