In a perfect world, public companies would compensate their executives commensurate with the creation of long-term shareholder value. Last year, the median compensation for US chief executives reached a record high for the sixth consecutive year, The Wall Street Journal reported earlier this month. While most pay packages are bolstered by restricted stock units that … Read more
In Today’s Market, Poor Performance Still PaysThe Wall Street Journal
Big US companies are doling out one-time awards to executives in an effort to retain high-performing leaders amid record employee turnover and reward them for managing through a couple tough years. Retention awards, provided in addition to standard compensation plans, are a focus of companies’ pay disclosures this year as concerns about the tight labor … Read more
Shares of PayPal Holdings Inc. have taken a beating this year, but they rose about 4% in after-hours trading Wednesday even as the payment-technology company cut its full-year outlook and revoked its medium-term forecast in conjunction with its latest earnings report. The outlook changes did not strike Wall Street as particularly surprising, as several analysts … Read more
General Electric Co. said Chief Executive Larry Culp agreed to reduce his potential compensation by about $ 10 million this year, responding to shareholder concerns over changes that GE’s board made to executives’ pay packages in 2020. In August 2020, the GE GE, + 0.88% board revised Culp’s contract, extending it until 2024 and awarding … Read more
Elon Musk has repeatedly touted dogecoin, including earlier this month, when he said Tesla would accept the cryptocurrency as payment for some items. Photo: Hannibal Hanschke / Associated Press Updated January 25, 2022 at 19:12 ET Elon Musk wants McDonald’s Corp. MCD -1.16% to start accepting dogecoin for payment. “I would eat a good meal … Read more