All articles tagged with #executive compensation
Originally Published 5 months ago — by Variety
Paramount has announced the salaries for its new CEO David Ellison and President Jeff Shell, each set at $3.5 million with additional bonuses, following the company's acquisition of Skydance. The company also disclosed severance payouts to former executives and changes in leadership roles, with Paramount now trading under the ticker PSKY and remaining controlled by the Ellison family.
Originally Published 5 months ago — by The Washington Post
Tesla's board approved a $30 billion worth of restricted shares for Elon Musk to retain him as CEO, demonstrating strong faith in his leadership.
Originally Published 5 months ago — by The New York Times
Tesla granted Elon Musk approximately $29 billion worth of shares as a 'good faith' retention package after his previous pay plan was invalidated, aiming to keep him focused amid company challenges and shareholder concerns.
Originally Published 6 months ago — by Variety
Warner Bros Discovery is restructuring its executive compensation, notably reducing CEO David Zaslav's pay following the company's planned split into two entities. Zaslav will receive a new employment agreement with lower annual cash bonuses and equity awards, but also a one-time stock options award tied to stock performance. The split aims to align management incentives with shareholder interests and is expected to be completed by mid-2026.
Originally Published 7 months ago — by AV Club
Most Warner Bros. Discovery shareholders expressed disapproval of CEO David Zaslav's 2024 pay package in a non-binding vote, highlighting concerns over his high compensation, which increased to $51.9 million in 2023, despite the company's financial decisions like shelving a $70 million film.
Originally Published 7 months ago — by Deadline
Shareholders at Warner Bros. Discovery voted against approving CEO David Zaslav's $51.9 million pay package for 2024 in a non-binding advisory vote, reflecting ongoing concerns over executive compensation amid the company's financial struggles and recent credit rating downgrade.
Originally Published 7 months ago — by Variety
Shareholders of Warner Bros. Discovery voted against CEO David Zaslav's $52 million pay package in a non-binding advisory vote, reflecting discontent with executive compensation. Despite Zaslav's pay increasing slightly to $51.9 million for 2024, nearly 60% of votes opposed the package, signaling shareholder dissatisfaction.
Originally Published 1 year ago — by ABC News
CEO compensation for S&P 500 companies surged nearly 13% in 2023, with median pay packages reaching $16.3 million, significantly outpacing the 4.1% wage increase for private-sector workers. The pay gap between CEOs and average workers continues to widen, with some CEOs earning nearly 200 times more than their median employees. Despite criticism, shareholder support for executive pay remains strong, although some companies like Netflix are making changes following shareholder feedback.
Originally Published 1 year ago — by The Associated Press
CEO compensation at S&P 500 companies surged nearly 13% last year, with median pay packages reaching $16.3 million, significantly outpacing the 4.1% wage increase for private-sector workers. This disparity highlights growing income inequality, as many CEOs earned nearly 200 times more than their median employees. The trend is driven by boards aiming to retain top leaders amid economic challenges, with a significant portion of CEO pay tied to stock performance. The gap is particularly stark in lower-wage industries, and despite some shareholder pushback, executive pay continues to rise.
Originally Published 1 year ago — by Yahoo Finance
A group of Tesla shareholders, including New York City Comptroller Brad Lander, is urging others to vote against Elon Musk's $56 billion pay package, citing Musk's distractions with other companies and a lack of independent board governance. They argue that Tesla is acting like a family-owned business and needs a CEO focused solely on Tesla to expand electric vehicles and generate shareholder value.
Originally Published 1 year ago — by Deadline
Warner Bros. Discovery CEO David Zaslav's 2023 pay package amounts to $49.7 million, including a $3 million base salary, $23 million in stock awards, and a $22 million cash bonus. This follows a trend of high CEO pay in the industry, with other top executives also receiving substantial compensation. Shareholders will have the opportunity to vote on executive pay at the annual meeting in June.
Originally Published 1 year ago — by Variety
Warner Bros. Discovery CEO David Zaslav's 2023 pay package rose to $49.7 million, with a base salary of $3 million, stock awards valued at $23.1 million, a cash bonus of $22 million, and $1.6 million in other compensation. Other senior executives also saw double-digit pay hikes in 2023, tied to free cash flow targets, despite the company's challenges such as shrinking linear TV and advertising businesses and a drop in studio revenue. The company's reported free cash flow for 2023 was $6.16 billion, up 86% year over year, helping to pay down some of its massive debt load.
Originally Published 1 year ago — by Yahoo Finance
Mutual fund firm T. Rowe Price expressed support for Elon Musk's 2018 pay package from Tesla, stating that it demonstrated strong alignment with the interests of long-term investors. This comes after a Delaware judge voided the package in January, citing unfairness to investors. Tesla plans to hold a special vote at its annual shareholder meeting to re-approve Musk's 2018 pay package, and T. Rowe Price, as the 10th-largest Tesla investor, has not yet disclosed how its funds will vote on the matter.
Originally Published 1 year ago — by Reuters
Mutual fund firm T. Rowe Price stated that Elon Musk's 2018 pay package from Tesla demonstrated strong alignment with the interests of investors, providing important support after a Delaware judge voided the package in January. Tesla plans to hold a special vote at its annual shareholder meeting to re-approve Musk's 2018 pay package. T. Rowe Price, a major Tesla investor, held 22.4 million Tesla shares as of Dec 31 and suggested a new shareholder vote, stating that Musk had met the terms of the original award.
Originally Published 1 year ago — by The Guardian
Tesla is asking shareholders to approve CEO Elon Musk's $56 billion pay package, which was rejected by a Delaware judge in January. The compensation, based on Tesla's market value rising to $650 billion over 10 years, was deemed "unfathomable" by the judge. Tesla disagrees with the ruling and is urging shareholders to back the original 2018 package in a new vote. Musk's 2023 compensation was $0, as he does not take a salary and is compensated through stock options. Tesla is also seeking approval to move its state of incorporation from Delaware to Texas.