Agenda – Executive Pay Growth Slowed Last Year
November 10, 2021
Chief executives at S&P 1500 companies experienced sluggish pay growth last year as businesses grappled with the effects of the Covid-19 pandemic. Still, the wage gap between leadership and workers showed growth by the largest margin in the past three years, according to a recent report.
Overall, compensation experts such as Marc Hodak, a partner at Farient Advisors, view the recent slow growth in executive compensation as a temporary trend. “As soon as things get back to normal, whatever that normal is going to look like, CEO pay is going to resume its upward climb,” he said in this article for Agenda.
About Marc Hodak
Partner, Farient Advisors, Dallas
Marc works closely with senior management, boards of directors, and investors, in both public and private companies to develop executive compensation programs that are shareholder-friendly, attractive to management, and responsive to the needs and concerns of boards.
He is a recognized thought leader in incentive plan design. His articles have been published in numerous magazines, including Forbes, NACD Directorship, Directors & Boards, and academic journals. He has been quoted in the national press, including the Wall Street Journal, Bloomberg, and Reuters.
He is a sought-after speaker at forums and conferences throughout the U.S. and Europe on executive compensation, corporate governance, and value management. Marc was named to the 2020 NACD Directorship 100, a list of the most influential people in corporate governance and the boardroom.
For the last 10 years, Marc has taught corporate governance as a professor at New York University’s Stern School and as visiting lecturer at the University of St. Gallen in Switzerland. Before joining Farient Advisors, Marc was the principal at Hodak Value Advisors and led value-based management implementation and related projects at Stern Stewart & Co. He earned his MBA in finance from the University of Pennsylvania Wharton School and a BS in aerospace engineering from the University of Maryland.