AMC Holders Rejection of CEO Adam Aron’s $19 Million Pay – Bloomberg

AMC Entertainment Holdings Inc. shareholders rejected the company’s proposed executive pay plan at its annual meeting Thursday, a rare rebuke of a management team that collected tens of millions of dollars last year.The vote was advisory, meaning the company isn’t obligated to change its executive remuneration plans. … Two of the most prominent proxy advisers,…

Executive Excess 2022 – Institute for Policy Studies

We examined compensation over the past year at the 300 publicly held U.S. corporations that had the lowest median wages in 2020. The CEO-worker pay gap at low-wage corporations grew even wider in 2021. At 106 of the 300 firms we studied, median worker pay did not keep pace with inflation. The average gap between…

Investors Expect ESG Metrics in Executive Compensation: IR Magazine Survey

IR Magazine has a new survey showing strong investor interest in executive compensation as an indicator of investment risk and return and in ESG metrics in incentive pay. Just under seven in 10 investors consider executive compensation as part of their investment thesis.  Alignment of interests between management and shareholders is the key benefit investors…

Shareholders Vote Yes on Pay, No on Shareholder Proposals at Amazon

At its annual meeting for shareholders, Amazon’s investors approved a more than $212 million payout for CEO Andy Jassy [despite recommendations against from ISS and Glass-Lewis and a pay ratio of 6000/1] and voted against 15 proposals asking the company to report on worker safety, climate goals, pay rates, use of its face recognition technology…

Intel CEO salary: Shareholders vote against executive pay program | Fortune

Around 1.78 billion votes, making up around 54.2% of shareholders of the chip-manufacturing giant, were cast against the executive compensation, while 932 million votes were made in favor. Around 577 million votes abstained or were broker nonvotes. The vote is advisory and won’t take immediate effect, but it indicates that a growing number of stockholders…

CEO Pay Packages Rose to $14.7 Million in 2021, a New High – WSJ

The median pay package for chief executives of the biggest U.S. companies reached $14.7 million in 2021, setting a sixth-straight annual record as strong profits and robust markets boosted performance measures. Total compensation rose by at least 12% for most of the executives, and most companies recorded annual shareholder returns of nearly 30%, according to…

Inflation is being blamed on politics and supply chain shortages, but many companies are using this oportunity to raise prices and CEO compensation. From Accountable.US: The 2021 Consumer Price Index (CPI) showed that overall, prices on common goods and services increased by 7% from December 2020 to December 2021. Unfortunately, more recent CPI data suggests this pattern will continue….

Agenda – ‘Big Bounce Back’ in Raises for CEOs Seen in Early Proxies

In the least surprising announcement of the week, we find that CEO bonuses are up again. Our favorite line in this Agenda piece is this one: “Compensation committees allowed for wide berth in setting incentive goals due to uncertainty related to the pandemic.” Translation: why should pay be tied to performance when the world is…

How Comp Committees Stack the Deck for CEO Bonuses — Bloomberg Law

Michael Rapoport and Nicola M. White write about the tricks, dodges, and obfuscation compensation committees use to hike CEO bonuses unrelated to performance. VEA Vice Chair Nell Minow is quoted: “There are so many ways to game the system,” said Nell Minow, vice chair of ValueEdge Advisors, a corporate-governance consulting firm. “It’s absolutely atrocious.” Discovery…

Fossil Fuel CEOs Grab Huge Pay While Consumers Suffer

Fossil fuel CEOs are not just taking advantage of the Russian invasion of Ukraine to beg for more leases, they’re jacking up prices and their own pay. For the record, these profits have nothing to do with any vision, leadership, or strategy and it is a complete failure of oversight by their boards. From Accountable.us:…