The writers’ strike may have had some impact, but it is likely that the majority NO vote on the Netflix executive pay plan was strongly influenced by the ISS recommendation to vote against and the company’s position at number 25 on As You Sow’s most overpaid list. The New York Times reports: Netflix shareholders voted…

It’s always a mistake to look to year-on-year comparisons for CEO pay, and some negative numbers in the proxy are based on stock price, not a refund to the treasury, so the term “cuts” is not exactly accurate. Underpinned by larger long-term stock and equity packages, median CEO pay at large companies rose 3.1% last…

Timothy Noah writes in The New Republic: In 2022, by comparison, the stock market fell even though the larger economy was in good shape. This was a reversal of the Covid spring of 2020, when the economy went into the toilet yet corporate profits zoomed upward. In 2022 the economy recovered briskly and it was…

Somehow we suspect that reduction equity-based compensation will result in bigger pay packages, and that reducing the equity component is as much a reflection of CEOs’ concerns that they won’t be able to benefit from the overall market growth that is the basis for as much as 70 percent of the gains in stock-based plans…

General Electric last week disclosed that it had cut stock awards planned for Chief Executive Officer Larry Culp, reducing the CEO’s 2022 pay by $14 million. In its annual proxy statement, GE said the company failed to hit certain performance targets that were required for Culp to receive his full payout. His total compensation for…

Shareholders may be rejoicing this spring to find that, for the first time, proxy statements will report a new, SEC-mandated measure of CEO pay: “compensation actually paid” for the past three years. CEOs may be bracing for headlines announcing never-before-seen numbers. Alas for everyone, these numbers are not what they seem. Proxy statements have reported…