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Compensation Packages

All articles tagged with #compensation packages

technology2 years ago

OpenAI's $10 Million Compensation Package Tempts Google AI Employees

OpenAI is reportedly attempting to attract top AI researchers from Google by offering compensation packages worth millions of dollars, as well as access to advanced tech resources. The company has already hired numerous former Google and Meta employees. OpenAI is also considering an employee share sale that could value the company at $86 billion. If successful, recruiters could offer compensation packages ranging from $5 million to $10 million. OpenAI has previously hired at least 93 individuals who previously worked at Google and Meta.

via Business Insider|
#ai-researchers#compensation-packages#google
labor-relations2 years ago

The UAW Strike: A Battle of Class Warfare and CEO Pay Raises

The United Auto Workers (UAW) union has justified its wage demands by pointing to the 40% pay raises given to CEOs of Detroit's three automakers over the past four years. UAW President Shawn Fain initially demanded a 40% wage increase over four years, but has since lowered it to 36%. However, the CEOs' pay increases are more complex than the UAW's claim suggests, with some CEOs actually seeing a decline in compensation when using an equivalent comparison method. Nonetheless, the pay gap between CEOs and rank-and-file workers remains significant, with the CEOs earning hundreds of times more than the median worker. The UAW's focus on CEO pay reflects a broader trend of labor unions using wealth disparities to advocate for better pay and working conditions.

via Crain's Detroit Business|
#ceo-pay#compensation-packages#labor-relations
labor-relations2 years ago

"UAW Challenges CEO Pay Raises Amidst Wage Demands"

The United Auto Workers (UAW) union has justified its wage demands by pointing to the 40% increase in CEO pay at Detroit's three automakers over the past four years. UAW President Shawn Fain initially demanded a 40% wage increase over four years, but has since lowered it to 36%. However, the actual CEO pay increases vary across the companies, with General Motors CEO Mary Barra's pay increasing by 34% since 2019, Ford CEO James Farley's pay increasing by 21%, and Stellantis CEO Carlos Tavares' pay decreasing by 24% when using an equivalent comparison method. The pay disparity between CEOs and rank-and-file workers remains significant, with the median worker at GM, Ford, and Stellantis needing hundreds of years to earn the annual compensation of their respective CEOs.

via Yahoo Finance|
#ceo-pay#compensation-packages#labor-relations
business2 years ago

Jeff Shell loses $43 million in stock after being fired for cause by Comcast.

Comcast has disclosed the 2022 pay for CEO Brian Roberts and fired NBCUniversal CEO Jeff Shell, who won't receive $43.3 million in unvested and vested stock options after being terminated for cause over an inappropriate relationship with an employee. Comcast also disclosed compensation worth $32.06 million for Roberts. The company's full-year 2022 revenue rose more than 4 percent to $121.4 billion, with consolidated adjusted EBITDA rising 5 percent for the year to $36.5 billion.

via Hollywood Reporter|
#business#ceo-pay#comcast