Latest Executive compensation News

This photo combo shows from left,  General Motors Chairman and Chief Executive Officer Mary Barra, David M. Zaslav, President and Chief Executive Officer of Discovery Communications, Lisa Su, president and CEO of AMD, Walt Disney Company Chairman and CEO Robert A. Iger and Netflix Founder and CEO Reed Hastings. The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million in 2019, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.  (AP Photo/File)

AMD’S Su, Discovery’s Zaslav among highest paid CEOs

May. 27, 2020 1:35 PM EDT

Here are the highest paid male and female CEOs in the S&P 500 index for 2019, as calculated by The Associated Press and Equilar, an executive data firm. The AP’s compensation study covered 329 executives at S&P 500 companies who have served at least two full consecutive fiscal years at their...

This photo combo shows from left,  General Motors Chairman and Chief Executive Officer Mary Barra, David M. Zaslav, President and Chief Executive Officer of Discovery Communications, Lisa Su, president and CEO of AMD, Walt Disney Company Chairman and CEO Robert A. Iger and Netflix Founder and CEO Reed Hastings. The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million in 2019, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.  (AP Photo/File)

CEO pay has topped $12.3M. Can it keep rising post-pandemic?

May. 27, 2020 1:30 PM EDT

The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation. Median pay for CEOs in the survey climbed 4.1% last year. For the typical worker at...

FILE - In this May 1, 2019 photo, Lisa Su, president and CEO of AMD, attends the opening bell at Nasdaq, in New York. The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million in 2019, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.    (AP Photo/Mark Lennihan, File)

AMD's Lisa Su is first woman to top AP's CEO pay analysis

May. 27, 2020 1:00 PM EDT

Lisa Su of Advanced Micro Devices is the first woman ever to top The Associated Press’ annual survey of CEO compensation: Her 2019 pay package was valued at $58.5 million following a strong performance for the company's stock during her five years as CEO. The median pay for women on the list was $13.9...

How AP and Equilar calculated CEO pay

May. 27, 2020 12:21 PM EDT

For its annual analysis of CEO pay, The Associated Press used data provided by Equilar, an executive data firm. Equilar examined regulatory filings detailing the pay packages of 329 executives. Equilar looked at companies in the S&P 500 index that filed proxy statements with federal regulators between Jan. 1...

In this Jan. 14, 2018, file photo, Walmart CEO Doug McMillon speaks at the National Retail Federation's conference in New York. McMillon was the highest paid CEO in the state of Arkansas. Overall, the typical pay package for CEOs at the biggest U.S. companies topped $12.3 million in 2019, according to AP’s annual survey of executive compensation. (AP Photo/Mark Lennihan)

The highest-paid CEOs by state

May. 27, 2020 11:39 AM EDT

Here are the top paid CEOs by state for 2019, as calculated by The Associated Press and Equilar, an executive data firm. The survey considered only publicly traded companies with more than $1 billion in revenue that filed their proxy statements with federal regulators between Jan. 1 and April 30. Not every state...

2 plead guilty in pension bribery scheme

May. 5, 2020 2:16 PM EDT

ALEXANDRIA, Va. (AP) — The procurement director of the federal Pension Benefit Guaranty Corp. and the CEO of a northern Virginia contracting firm have pleaded guilty to their roles in a multimillion-dollar bribery scheme. Jeffrey B. Donahue, 42, of Herndon, and Nadeem Ansari, 47, of Haymarket, each...

Health care workers test residents at the Henry Ford Centennial Library, Tuesday, April 21, 2020 in Dearborn, Mich. Workers are expected to process more than 750 tests a day in conjunction with federal and state officials. Patients remain in their cars and received results on site. (AP Photo/Carlos Osorio)

Beaumont Health, Michigan attorney general announce job cuts

Apr. 21, 2020 9:51 PM EDT

DETROIT (AP) — Beaumont Health, which has treated thousands of coronavirus victims as Michigan's largest health care system, said Tuesday it's cutting 450 jobs and temporarily laying off 2,475 employees due to a drastic drop in revenue from services that can't be offered during the pandemic. Beaumont CEO...

USA Track and Field lays off 7; CEO takes 20% pay cut

Apr. 17, 2020 4:57 PM EDT

INDIANAPOLIS (AP) — USA Track and Field has laid off seven people from its 65-person staff and CEO Max Siegel is taking a 20% pay cut to offset lost revenue due to the coronavirus pandemic. The organization that runs the country’s largest summer sport has been forced to cancel dozens of events,...

Ethics commission accuses Fulton DA of disclosure violations

Apr. 15, 2020 8:33 PM EDT

ATLANTA (AP) — The Georgia Ethics Commission has filed a complaint against an Atlanta-area district attorney and accused him of violating public disclosure laws, including by not listing his supplemental salary funded by a nonprofit. Last week, The Atlanta Journal-Constitution and WSB-TV reported on...

Federal utility board backs CEO under Trump's fire for pay

Apr. 10, 2020 11:53 AM EDT

CHATTANOOGA, Tenn. (AP) — The board of a federal utility is criticizing “ill-informed opinions" about how much their organization's top executive gets paid after President Donald Trump blasted the pay scale as “ridiculous.” According to the Chattanooga Times Free Press, Tennessee...