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In the News

Reuters – Want your pre-pandemic pay back? Work for it, Meritor tells staff

Meritor Inc employees and executives who saw their salaries slashed in the wake of the COVID-19 pandemic can recoup lost pay for this year as long as the company meets new performance targets, the trucking parts supplier said this week.

Read More > 06.19.2020

Briefs

Companies Cut Executive Pay in Changing COVID-19 Landscape

Throughout May, Farient has continued to keep a close eye on compensation trends, particularly as to what actions, if any, S&P 500 companies are taking in regard to their compensation plans as a result of COVID-19. In this brief, we update the overall trends and dive deeper into two examples of companies that have made decisions that are outside of the mainstream, MGM Resorts and Automatic Data Processing, Inc.

Read More > 06.11.2020

In the News

The Wall Street Journal – Coronavirus Crisis Dents Salaries, Not Stock Awards, for Many CEOs

Hundreds of U.S. companies reduced salaries for their chief executives as the coronavirus pandemic swept across American business, a reversal for a group of leaders that until this year has ridden a bull market to record compensation.

Read More > 06.03.2020

In the News

Variety – What the Media’s Most Powerful Executives Were Paid in 2019

Media chieftains don’t suffer from low self-esteem. Industry titans including Bob Iger, Reed Hastings and Rupert Murdoch probably need big egos to believe they’re entitled to make far more than most CEOs at similarly sized companies — and much more for 12 months of work than an average employee could make in several lifetimes.

Read More > 06.01.2020

Research

Farient CEO Pay Ratio Tracker Update – May 29, 2020

Welcome to the tenth and final installment of Farient’s Pay Ratio TrackerTM update for 2020. For the past several weeks, we have focused our research on companies with the highest and lowest CEO-to-median-employee pay ratios. As summer looms and proxy season winds down, we take a trip down “memory lane” to review overall trends in the pay ratio over the first five months of the year.

Read More > 05.29.2020

Newsletters

May 2020: Compensation During Covid-19: What Have Companies Really Been Up To?

View the Newsletter via the link below: Compensation During Covid-19: What Have Companies Really Been Up To? Tweet…

Read More > 05.27.2020

In the News

Los Angeles Times – CEOs Cut Millions of Jobs Amid Coronavirus Yet Keep Lofty Bonuses

So far, top executives of many major U.S. corporations — including some at the very epicenter of the crisis — have mostly held on to their outsize pay packages after giving up some of their salaries.

Read More > 05.18.2020

In the News

Financial Times – Coronavirus Puts Top Executives’ Pay in the Spotlight

Many companies had already awarded shares and bonuses to executives in January and February, before the pandemic set in.

Read More > 05.18.2020

In the News

Agenda – Boards Face ‘Real Distaste’ on Pay Discretion

Performance goals set early this year by the boards of calendar-year companies may be largely irrelevant since the Covid-19 pandemic set the stock market spiraling and companies scrambling. As a result, boards may find it difficult to motivate and retain some executives, compensation consultants and attorneys warn.

Read More > 05.15.2020

In the News

Life Annuity Specialist – Ameriprise CEO Took Home Sweetest Pay Package Last Year

Ameriprise Financial CEO James Cracchiolo, who helped push the company further into more profitable life and annuity products last year, was rewarded as the industry’s top-earning CEO, according to proxy filings. Cracchiolo’s compensation was $24.5 million in 2019, down almost 5%. The company’s share price surged almost 60% over that period, about twice as much as the S&P 500 Index.

Read More > 05.15.2020

In the News

Agenda – Boards Risk Being ‘Tone Deaf’ on Director Comp

As proxy season approaches its climax next week, few boards have made decisions about how to approach equity grants that will be awarded to directors in conjunction with annual meeting dates. However, compensation consultants are warning about a failure to address the misalignment between the number of shares awarded to executives at the start of the year before the crisis impacted stock prices with the grants that will be made to directors in the coming weeks.

Read More > 05.15.2020

In the News

Agenda – Will Special Committees Prevail in the Pandemic?

Dividing duties across the full board has been the approach seen most frequently by Robin Ferracone, CEO of compensation consultancy Farient Advisors and a director on the board of pet insurance company Trupanion. She isn’t familiar with any boards that are relying on a small group of directors to take charge.

Read More > 05.15.2020

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