Search

Pay ratios, which were mandated for disclosure by the Securities and Exchange Commission in 2018, are a function of two numbers: a CEO's pay divided by the pay of the median employee - the person in the middle when the workforce is lined up from highest-paid to lowest. By one measure - the ratio of the CEO's pay to the median worker's - automakers have a wider pay gap than most large companies. Photo: Eric Feferberg/Agence France-Presse/Getty Images United Auto Workers President Shawn Fain has criticized the Big Three automakers for the raises given to their CEOs in the past few years, saying wage gains for rank-and-file employees haven't kept pace. [Extracted from the article]

Mr. Easterbrook led McDonald's from 2015 until he was fired by the company in 2019, when McDonald's said that Mr. Easterbrook had violated company policy on personal conduct because of a consensual relationship with an employee. Keywords: wsjcorp; Lodgings/Restaurants/Bars; Restaurants/Cafes/Fast Food Places; Limited-Service Restaurants/Cafes; Leisure/Arts/Hospitality; Corporate Crime/Legal Action; Regulation/Government Policy; Management; Management Moves; Labor/Personnel EN wsjcorp Lodgings/Restaurants/Bars Restaurants/Cafes/Fast Food Places Limited-Service Restaurants/Cafes Leisure/Arts/Hospitality Corporate Crime/Legal Action Regulation/Government Policy Management Management Moves Labor/Personnel N.PAG N.PAG 1 01/12/23 20230110 NES 230110 Fast-food chain fired Steve Easterbrook in 2019 over relationship with employee Graph: McDonald's fired Steve Easterbrook for violating company policy on personal conduct. [Extracted from the article]

Keywords: Machinery; Motor Vehicle Parts; Retail/Wholesale; Pharmacies/Drug Stores; Specialty Retailing; Telecommunication Services; Wireless Telecommunications Services; Diversified Holding Companies; Automotive; Business/Consumer Services EN Machinery Motor Vehicle Parts Retail/Wholesale Pharmacies/Drug Stores Specialty Retailing Telecommunication Services Wireless Telecommunications Services Diversified Holding Companies Automotive Business/Consumer Services N.PAG N.PAG 1 05/06/21 20210505 NES 210505 Majority of shares voted against boards' practices after big paydays, low returns at the two blue chips The nonbinding votes against the proposals for GE's Larry Culp and AT&T's John Stankey highlight investor displeasure with what some blue-chip companies paid leaders during the pandemic. Nearly 58% of GE GE -2.45% shares were voted against the board's compensation practices, according to an initial tally announced at the GE annual meeting Tuesday. [Extracted from the article]

At Aramark, the institutional catering and uniform provider, the board bumped executives' annual incentive payments up to 40% of initial targets instead of the 10% that pay-program formulas would have dictated. Keywords: Machinery; Retail/Wholesale; Household Goods/Hardware Stores; Decorating/DIY/Hardware Stores; Specialty Retailing; Industrial Goods; Retail; Management; Corporate/Industrial News; Executive Pay EN Machinery Retail/Wholesale Household Goods/Hardware Stores Decorating/DIY/Hardware Stores Specialty Retailing Industrial Goods Retail Management Corporate/Industrial News Executive Pay N.PAG N.PAG 1 04/14/21 20210412 NES 210412 The executives' compensation for 2020 is on track for a record even as shareholders voice displeasure with some pay packages Median pay for the chief executives of more than 300 of the biggest U.S. public companies reached $13.7 million last year, according to a Wall Street Journal analysis. [Extracted from the article]

The article cites data compiled by the firm S&P Capital IQ to state that chief financial officers (CFOs) of U.S. corporations received a median pay raise of 13.9 percent during the year ending on May 29, 2015, as opposed to a median pay increase of 6.9 percent for chief executive officers (CEOs). According to the article, U.S. technology firm Google Inc. former CFO Patrick Pichette was the highest-paid U.S. CFO and U.S. firm Oracle Corp. CFO Safra Catz was second with a pay package of $37.7 million. The article presents comments from New York firm Steven Hall & Partners president Steven Hall.

The article discusses the declining popularity among corporate investors and corporate boards of directors in issuing lucrative departure agreements for chief executive officers (CEOs) that are terminated without cause. The article cites statistics from the compensation research firm Equilar to state that about 60 percent of publicly held companies in the index the Fortune 250 have agreements concerning cash severances to outgoing CEOs. The article discusses the cash severance agreements to the ousted CEOs of the firms Mattel Inc., Symantec Corp., and Chesapeake Energy Corp.