Media CEO Salary & Pay: Richest Hollywood & Tech Executives – Deadline

VEA Vice Chair Nell Minow is quoted in this article about the way compensation committees are altering incentive pay benchmarks to shovel more money into the bank accounts of CEOs. Nell Minow, vice chair of ValueEdge Advisors, which guides shareholders on how to use their rights to preserve portfolio value and diminish risk — including…

Agenda – BlackRock Whacks Boards on Compensation Changes

lackRock, the world’s largest asset manager and one of many companies’ largest investors, has voted against compensation plans at several large companies this proxy season, including General Electric last week. The asset manager voted against 15% of compensation-related resolutions at its Americas-based portfolio companies that held annual meetings in the first quarter of this year….

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

From the New York Times: “We’ve created this class of centimillionaires and billionaires who have not been good for this country,” said Nell Minow, vice chair of ValueEdge Advisors, an investment consulting firm. “They may build a wing on a museum. But it’s not infrastructure — it’s not the middle class.” The gap between executive…

CEO Pay Surged in a Year of Upheaval and Leadership Challenges – WSJ

CEO pay surged in 2020, a year of historic business upheaval, a wrenching labor market for many workers and unprecedented challenges for many leaders. Median pay for the chief executives of more than 300 of the biggest U.S. public companies reached $13.7 million last year, up from $12.8 million for the same companies a year…

Let Them Eat Tacos: Chipotle Board Wildly Overpays the CEO Because Pandemic

Chipotle’s board has decided that their CEO deserves extra pay due to the pressures of the pandemic. So, “we made “COVID-related modifications” to CEO’s performance shares that increase the total level of his reported compensation from $14.8 M to $38 M.” Compensation Committee: Chairman: Neil W. Flanraich Patricia Fili-Krushel Greg Engles  Mauricio Guttierez The board…

Executive Compensation and Climate Targets

As environmental, social and governance (ESG) issues increasingly take center-stage, there is more interest from investors and boards in putting climate targets in their compensation policies. “Willis Towers Watson is partnering with Climate Governance initiative in collaboration with the World Economic Forum to survey and interview board directors and Remuneration Committee members to understand how…

Agenda – CEO Pay Seesaws Under Pandemic Pressure

Despite an across-the-board dip in median financial performance, total direct compensation at median for CEOs among early filers in 2020 rose 8% over 2019 comp, according to a new report by Compensation Advisory Partners. By contrast, for the 2019 fiscal year, early-filer total direct comp rose only 2% at median. The increase, however, is deceptive,…