CEO pay at public companies unexpectedly fell in 2023
Trends in CEO compensation generally mirror those of the stock market, in part because pay packages for chief executives have largely been tethered to stock performance for five decades.
Executive pay
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Former Old National CFO, on leave following criminal charges, parts ways with bank
Old National, the largest bank based in Indiana, placed CFO Brendon Falconer on leave in April after he was charged with two counts of child molestation.
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Can IU keep Coach Allen when big schools call?
The much-beloved leader of the No. 7-ranked Hoosiers has become the hottest coaching commodity in college football, and the headhunters are circling.
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Simon Property reversing pandemic-related executive pay cuts
Indianapolis-based shopping mall giant Simon Property Group will reinstate the pay of executives and board members who had been working under pandemic-related pay cuts since spring, the company announced Monday.
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Cummins reducing executive, employee pay, citing coronavirus
The action affects employees as well as the Columbus-based engine maker’s CEO and board members. The company said it will re-evaluate the temporary pay cuts at the end of the second quarter.
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Articles
Indiana’s highest elected officials are set to get big pay bumps
Gov. Eric Holcomb’s successor will become one of the highest-paid governors in the nation while other offices will see raises between 44% and 66%.
CEOs at public companies got hefty pay raises in 2023
The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans’ budgets.
UAW points to CEO pay raises to justify its wage demands
The United Auto Workers union has made pay disparity between CEOs and workers a central part of its argument for a big worker wage increase. A detailed look shows a more complicated picture.
CEO pay hikes at S&P 500 companies slowed in 2022
Pay disparity between chief executives and rank-and-file workers, which has been widening for years, narrowed only slightly.
Pay for CEOs at big public companies rose 17% in 2021 as profits soared
Last year’s leap for median pay of S&P 500 CEOs was the biggest since a 23.9% surge for 2010 compensation packages, according to the data analyzed by Equilar.
CEO pay at public companies rises even as pandemic ravages economy
The median pay package for a CEO at an S&P 500 company hit $12.7 million in 2020. That’s 5% more than the median pay for that same group of CEOs in 2019.
Bonuses before bankruptcy: Companies doled out millions to executives before filing for Chapter 11
Labor experts and bankruptcy attorneys say the payouts are particularly egregious—and unjustifiable—during an economic crisis, and were timed to bypass a 2005 law passed specifically to prevent executives from prospering while their companies flailed.
For first time, a woman tops AP’s annual survey of CEO compensation
Women remained significantly underrepresented as CEOs on the list, heading just 5% percent of S&P 500 companies.
Sanders pushes tax on companies where CEOs earn far more than workers
Under Sen. Bernie Sanders’ plan, the government would increase a firm’s corporate tax rate if its highest-paid employee earns more than 50 times what its average worker does—an attempt to encourage companies to distribute their profits more equitably.
Top U.S. CEOs rethink meaning of shareholder value
The Business Roundtable, a group that represents the most powerful CEOs in America, has released new principles on the role of a corporation that imply a foundational shift.
Chief executives at big public firms get average pay raise of 7%
Pay for typical workers at these companies isn’t rising nearly as quickly. The median increase was 3% last year, less than half the growth for the top bosses.
Women CEOs still rare at public companies, but pay tops that of men
Topping the list of highest-paid female CEOs is Indra Nooyi, CEO of PepsiCo, whose compensation was $25.9 million.
For public company CEOs, $11.7M is middle-of-the-pack pay
Chief executives at the biggest public companies got an 8.5 percent raise last year, bringing the median pay package for CEOs to $11.7 million.
Ricks makes $14.4 million in first year as Eli Lilly CEO
Eli Lilly CEO David Ricks’ first year in charge was marked by a wave of activity, including a huge corporate restructuring. The company’s stock price climbed about 6.2 percent during the year.
Trump’s HHS nominee reaped big earnings from drug industry tenure
As a top pharma industry veteran from 2007 to 2017, former Eli Lilly and Co. executive Alex Azar built a substantial financial portfolio now worth as much as $20.6 million.
IU’s McRobbie among highest paid leaders at public universities
Presidents of U.S. public colleges and universities saw their earnings climb by 5.3 percent last year, with several of them topping $1 million, according to an annual survey.
Women CEOs earned more last year, but numbers are barely rising
Just 6 percent of the top-paid CEOs in the U.S. last year were women, a slight increase from about 5 percent in 2015 and 2014.
Top CEOs get biggest raise since 2013 thanks to rising stock market
The typical CEO at the biggest U.S. public companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock and other compensation, according to a new study.
Lilly CEO Ricks stands to make about $12M in first year at helm
Dave Ricks joined Lilly in 1996 and most recently served as president of Lilly Bio-Medicines. He took over as president and CEO on Jan. 1.