Two Facebook executives collectively got just shy of $1 million in bonuses in the second half of 2020, according to a new SEC filing.
Bonuses in the white-dominated finance industry have grown by more than 1,200% since 1985, while the federal minimum wage barely doubled.
Sanders and Warren want to raise taxes for companies where CEOs make at least 50 times more than their median worker.
Goldman Sachs slashed CEO David Solomon’s pay in 2020 by $US10 million, or 36%, the bank said Tuesday. The cut was due to his role in a multibillion-dollar bribery scandal involving Malaysia’s 1MDB fund. Goldman has paid more than $US7 billion in penalties to regulators. Visit Business Insider’s homepage for […]
Morgan Stanley CEO James Gorman was paid $US33 million in 2020, the bank said in a filing Friday. Gorman’s pay rose by 22%, making him the highest-paid CEO of a major US bank, Bloomberg reported. Morgan Stanley posted record earnings on the year and avoided cutting jobs, unlike its competitors. […]
Apple CEO Tim Cook’s pay package totaled $US14.7 million last year – around a 28% jump from 2019, the company disclosed in its annual proxy statement on Tuesday. Cook’s compensation included a base salary of $US3 million, $US10.7 million in performance-based pay, and nearly $US1 million in travel and security […]
Apple CEO Tim Cook was granted 333,987 restricted stock units by Apple recently, worth approximately $US38 million based on the current Apple stock price. Those units, which vest annually starting in 2023, are intended to keep Cook with Apple until at least 2025. Cook could earn an additional 333,987 shares […]
A career coach can help you identify opportunities you might otherwise miss. Business Insider asked readers to nominate coaches who’ve given them the tools and confidence to revamp their careers. Here are 23 of the most impressive. Meet them here. Welcome to Success Insider, our regular newsletter for getting things […]
Earlier this month, S&P Global Market Intelligence reported that the average total CEO compensation for tech, media, and communications executives was higher than in all other sectors in 2019, at $US26.3 million. The next highest-paid group of CEOs were those in the financial-services sector, whose average total compensation was $US8 […]
Macy’s executives received more than $US9 million in stock awards this month. Because of the coronavirus pandemic, Macy’s laid off 3,900 workers in June. The C-suite also reversed its pay cuts taken to conserve cash as the economic downturn wreaked havoc on the retail industry. Visit Business Insider’s homepage for […]
Companies should put a lid on executive pay or risk a massive backlash, Mark Cuban warned on Friday. “The public response to out of line or record executive comp could turn UGLY !” the “Shark Tank” star and Dallas Mavericks owner tweeted. Public-company bosses should also look at fairer pay […]
Tesla CEO Elon Musk, who doesn’t take a salary from the company, has officially unlocked the first part of his $US55 billion compensation package, the company said Thursday. Tesla announced in an updated regulatory filing that its board has certified the requirements – $US20 billion in revenue and a sustained […]
Tesla’sMonday rally may qualify Elon Musk for the first part of a 12-tranche compensation package just days after the CEO disagreed with Tesla’s lofty share price. The automaker jumped 8% in Monday trading to reach a six-month market cap average of $US100 billion for the first time, Reuters reported. The […]
Tesla CEO Elon Musk went on a profanity-riddled tirade against coronavirus shelter-in-place orders on Wednesday. The company has been forced to close its main US car factory in California, which poses a “serious risk” for Tesla’s business, Musk said. Musk is a billionaire, but most of his wealth is tied […]
Tesla CEO Elon Musk is on the verge of a $US750 million payday, Reuters first reported Tuesday morning. Musk stands to receive an option tranche of 1.69 million Tesla shares if the electric car market reaches a six-month average market cap of $US100 billion. With Tesla shares sitting near all-time […]
Disney CEO Bob Iger just stepped down, and while it’s not surprising that CEOs like him make a lot more money than their employees, the massive extent of that pay gap can sometimes be overlooked. US companies are required to publish their chief executives’ annual compensation, as well as the […]
Tesla CEO Elon Musk is on the path to unlocking the first part of his massive compensation agreement with the electric carmaker. We decided to look at just how much more wealth Musk would have if the full package pays out. He would likely be in the same range as […]