Facebook CEO Mark Zuckerberg Slashes His Salary To $1
Facebook CEO Mark Zuckerberg cuts his salary to $1, becoming the latest Silicon Valley exec to forgo a paycheck.
executive compensation
Google Pays Founders $1; Four Other Execs Get $124M
Google CEO Larry Page and his longtime partner Sergey Brin limited their salaries to $1 apiece last year, while four other executives received pay of more than $124 million.
Executives Paid in Stock Rake It In as Workers Struggle
While many of us benefit from the recent rally in stocks, executives often get paid partly in company shares. Right now, they're making out like bandits, unlike their workers.
Ford CEO Alan Mulally's Pay Fell 29% in 2012
Ford CEO Alan Mulally's pay fell nearly 30 percent to $21 million last year, dragged down by heavy losses in Europe and lower market shares in the U.S. and elsewhere.
Ousted Groupon CEO Andrew Mason Gets $378 Severance Package
In a world of multimillion-dollar golden parachutes for big-time executives, Groupon's ex-CEO Andrew Mason will have to make do with a severance package of a few hundred bucks.
Watchdog: Pay Remains 'Excessive' at Bailed-Out Companies
The government's top bailout watchdog accused the Treasury Department on Monday of failing to rein in "excessive" compensation at AIG, General Motors and Ally Financial. Christy Romero, Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, says that the firms don't understand "their extraordinary situations."
America's CFOs Admit: Lots of Companies Fudge Their Numbers
Investors, it turns out, you really can't trust the numbers you see in those quarterly reports: Researchers at Emory and Duke universities say that at any given time, about 20% of publicly traded firms are misrepresenting their earnings.
Average Joe CEO Made $9.6 Million in 2011
Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by the AP using data from Equilar, an executive pay research firm.
CEO Pay: JPMorgan's Dimon Earned His Big Money
The average person may find it hard to imagine what big company CEOs do to justify their massive pay packages. Shareholders often ask a similar question: Why pay executives so much when the returns they produce are often so modest? But that's a question that doesn't apply to JPMorgan Chase CEO Jamie Dimon.
Resurgent Ford Awards Top Two Execs $99 Million in Stock
Ford CEO Alan Mulally and Executive Chairman Bill Ford, have been awarded $56.5 million and $42.4 million in stock, respectively, in recognition for the company's stunning turnaround, which resulted in the automaker raking in $6.6 billion last year -- its best performance in more than a decade.
Not Exactly 'Pay for Performance' for These Big Pharma CEOs
Most workers would worry about losing their jobs, let alone receiving a bonus, if they slacked off, but CEOs are held to a different standard. For example, despite several stumbles, GSK's CEO got a nice bonus, and J&J's CEO even got a raise for a job badly done.
New SEC Rule Gives Investors a Vote on Executive Pay
The Securities and Exchange Commission on Tuesday approved a measure that gives institutional shareholders a vote on executive pay at large corporations, part of regulators' efforts to give investors greater say over top-level salaries that have been described as excessive.
General Motors CEO to Seek Easing of Executive Pay Limits
Now that General Motors is on better financial footing and the automaker's initial public offering of stock is behind it, CEO Daniel Akerson is reportedly seeking to have government restrictions on executive pay eased.
Outrageous CEO Perks: This Year's Top Picks
Thanks to public outcry and the prodding of the SEC, public companies don't throw crazy perks at their CEOs the way they once did. But execs still routinely get lavish benefits that increase their pay by millions. See our list of this year's most outrageous CEO perks.
Is Yahoo's Carol Bartz the Most Overpaid CEO?
Yahoo CEO Carol Bartz has been praised for her blunt, foul-mouthed management style. But with shares of the company down more than 14% this year, her $39 million pay package is a little hard to swallow.
United-Continental Merger Lands Execs a Big Pay Raise
Considering how often airline industry executives complain about how hard it is to run a profitable carrier, one might expect their efforts could go unrewarded -- at least monetarily. Not so at the new United Continental Holdings, where big post-merger raises are coming for top management.
Citigroup to Pay Executives $33 Million in Stock
Citigroup Inc. (C) will pay five of its top executives almost $33 million in stock compensation this year and plans to increase its CEO's salary above his $1 a year figure in 2011, marking the financial institution's effort to reward executives for turning a profit so far this year after two years of losses.
Is Hiring New Workers Really
Too Expensive?
Businesses large and small have complained for years about the cost of doing business. And it's not unusual for them to use the cost of hiring moderate-income workers to illustrate their points. Here's what they fail to mention.
Occidental CEO's Bloated Pay Prompts Shareholder Fight
Two large institutional investors are none too happy about the $50 million Occidental Petroleum's CEO made last year, so Relational Investors and CalSTRS are launching a fight to take over four of 13 seats on the oil and gas company's board.
Oracle's Larry Ellison Takes the CEO Cake
Larry Ellison of Oracle tops The Wall Street Journal's new list of the 25 highest-paid CEOs of the last decade. Ellison's total compensation over the last 10 years, including salary, bonus, stock and stock option grants, was $1.84 billion.
Kenneth Feinberg Tries to Shame Wall Street
A new report from pay czar Kenneth Feinberg looks at compensation practices at 17 banks that received federal bailouts, and it's not a pretty picture: The banks made an estimated $1.6 billion in "ill-advised" payments.
A Wall Street Lawyer's Take on Financial Reform
Winthrop Brown, a Washington lawyer who lobbies on behalf of financial services firms, says the new regulations should get "a pretty good grade" from Wall Street -- and from Main Street. But will they prevent another economic meltdown?
Yale's Robert Shiller: Hold Back Executive Pay
It's time to change the way executives are paid to prevent another financial meltdown -- but the current reform package still lets bankers get paid up-front for closing deals while doing nothing to keep them from shifting the costs of their failed deals onto taxpayers.
McDonald's CEO's $17 Million Pay Tied to Performance
Unlike other CEOs that crashed their companies and took public bailouts while wrapped in multimillion-dollar pay packages, Jim Skinner's $17 million reward is directly tied to McDonald's delivery of solid revenues and big returns for shareholders during an economic downturn.
Bank of America's New CEO Takes the Reins
Brian Moynihan seems keen to show the world that he's in charge of Bank of America. In his first public speech as head of the largest U.S. bank, the BofA insider says the industry is 'ready to move forward' after learning "tough lessons."
Stocks Should Pass Four Tests to Be Winners
In the last decade, all the stock indexes plunged, costing investors $2.5 trillion in lost wealth. Yet people keep buying stocks. To make sure you pick a winner like Amazon instead of a dud like AIG in the next decade, there are four key tests a stock should pass.
Feds to Business: Give Us the Skinny on Exec Comp
The Securities and Exchange Commission is changing how companies must disclose executive compensation. Corporations may now be forced to reveal more embarrassing details about how they reward the top dogs.
Directors Must Do More To Earn Their Keep These Days
Sitting on a corporate board of directors has always been great work if you can get it, especially if it's with a company that's generous with board member compensation. These days, directors are feeling the heat to get some real work done.