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

The New York Times reports on “a blowout year” for CEO pay. Even in a gilded age for executive pay, 2020 was a blowout year. A comprehensive survey of the 200 highest-paid chief executives at public companies conducted for The New York Times by Equilar, an executive compensation consulting firm, revealed some of the biggest…

Agenda – BlackRock Whacks Boards on Compensation Changes

BlackRock, 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….

SEC: Comment from Securities Lawyer Thomas Gorman

The SEC is considering additional restrictions on insider stock sales. We support these rules because it is too easy now for insiders to game the system. Even if sales are scheduled in advance, insiders control the timing of disclosures and other actions that can affect stock price. Thomas Gorman is a former SEC attorney and is…

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…