In Today’s Market, Poor Performance Still Pays

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 Pays – The Wall Street Journal

In Today’s Market, Poor Performance Still PaysThe Wall Street Journal

In a Hot Job Market, Companies Hand Out Big Awards to Retain Key Executives

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

PayPal cuts earnings outlook, but stock gains with new targets seen as ‘achievable’

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

GE CEO Larry Culp agrees to pay cut after shareholder protest

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 urges McDonald’s to accept Dogecoin for payment

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