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hand reaching out with two coins in palm, signifying ceo pandemic pay

Bloomberg – CEO Pandemic Pay: ‘Heads I Win, Tails I Win Almost as Much’

Norwegian Cruise Line called 2020 its “most challenging year.” The company lost $4 billion, a half decade’s worth of profit. Shares dropped 56%. Thousands of crew members lost their livelihoods. But Frank Del Rio, its chief executive officer, did just great in terms of CEO pandemic pay. He collected his…

Read More > 05.10.2021

In the News

Reuters – GE shareholders reject CEO Culp’s $230 million pay in rare rebuke

General Electric Co shareholders rejected top executives’ compensation packages, including a payout of as much as $230 million to CEO Larry Culp, at the industrial conglomerate’s annual shareholder meeting on Tuesday. At least four other S&P 500 companies who have disclosed shareholder vote tallies with regulators have been defeated over…

Read More > 05.05.2021

In the News

Las Vegas Review-Journal – Pay gap widens between casino CEOs, average casino workers

CEO compensation has grown much faster than profits and stock prices over the years, according to findings from the Economic Policy Institute. According to the EPI’s latest report on American executive compensation, released in August, CEO pay at top U.S. firms grew 1,167 percent between 1978 to 2019, outpacing the…

Read More > 05.05.2021

In the News

The Daily Mail – GameStop CEO, who oversaw falling sales and losses of $700M, leaves with $170M payout thanks to Redditors who boosted company value

The outgoing Gamestop CEO is leaving the company after just two years with a $170million pay out thanks to Redditers who boosted the retailer’s value.  George Sherman will step down as chief executive officer at the end of July following a tenure marked by falling sales and losses of $700…

Read More > 04.29.2021

In the News

Reuters – Wells Fargo scores the latest narrow win for CEO pay

Wells Fargo & Co’s (WFC.N) executive pay plan for 2020 received backing from only about 57% of investor votes on Tuesday, a narrow win for the company and the latest evidence of tougher scrutiny shareholders have put on CEO compensation this year. In Reuters’s article, “Wells Fargo scores…

Read More > 04.29.2021

In the News

Reuters – How a sweetheart deal gives GameStop CEO a $179 million goodbye gift

Gamestop Corp chief executive George Sherman can step down this summer with a $179 million windfall that dwarfs CEO salaries at many larger corporations thanks to a sweetheart deal that was turbocharged by this year’s furious meme stock rally, compensation experts said. GameStop said on Monday that Sherman would step…

Read More > 04.29.2021

In the News

Pensions and Investments – Move to link exec pay to ESG integration growing

Now in the second year of the COVID-19 pandemic, investors are raising expectations about companies’ responses to highlighted ESG issues such as diversity and, increasingly, connecting that to executive compensation. Robin Ferracone is CEO of Farient Advisors LLC in Pasadena, Calif., an executive compensation and corporate governance consulting firm that…

Read More > 04.29.2021

Newsletters

April 2021: In the Year of The Stakeholder: Where Does Board Oversight Begin?

View the Newsletter via the link below: In the Year of The Stakeholder: Where Does Board Oversight Begin? Tweet…

Read More > 04.27.2021

In the News

Agenda – ESG Metrics ‘Biggest Change to Comp Plans in Decades’

Chipotle Mexican Grill is one of several companies to introduce new environmental, social and governance (ESG) goals tied to top officers’ annual incentive compensation in the lead-up to this proxy season. At Chipotle, ESG goals relate to food and animals, people and the environment and will account for…

Read More > 04.12.2021

In the News

pay ratios graph

Agenda – Pay Ratios Poised for More Scrutiny This Proxy Season

So far, median pay ratios at early-filing companies in the S&P 500 vary by industry, according to data from Farient Advisors. While the majority of companies have yet to file 2020 proxies, the materials sector and the consumer discretionary sectors have so far seen the biggest increases in pay…

Read More > 04.09.2021

In the News

Corporate Secretary – Trying to tie executive compensation to ESG

If certain ESG metrics have a material impact on a business’ performance – which is widely accepted – then it follows that investors, regulators and proxy advisers will likely seek assurances that executives are incentivized to meet expectations. In a feature for the Spring issue of Corporate…

Read More > 04.02.2021

Briefs

Board Oversight of Stakeholder Strategies

By: RJ Bannister, Partner, Farient Advisors Companies around the world are including “stakeholder” considerations in their strategy and culture. Today’s stakeholders expand beyond investors, and regulators, and include customer and community interests, suppliers and employees. As stakeholder prominence becomes commonplace, every company should consider two fundamental questions: (1) what is…

Read More > 03.30.2021

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