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...

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,...

FILE - In this Dc. 18, 2017 file photo, former Los Angeles Laker Kobe Bryant talks during a news conference in Los Angeles.  Bryant and fellow NBA greats Tim Duncan and Kevin Garnett headlined a nine-person group announced Saturday, April 4, 2020,  as this year’s class of enshrinees into the Naismith Memorial Basketball Hall of Fame. They all got into the Hall in their first year of eligibility, as did WNBA great Tamika Catchings. Two-time NBA champion coach Rudy Tomjanovich, longtime Baylor women’s coach Kim Mulkey, 1,000-game winner Barbara Stevens of Bentley and three-time Final Four coach Eddie Sutton were selected. So was former FIBA Secretary General Patrick Baumann. (AP Photo/Chris Carlson, File)

The Latest: Lakers GM Pelinka draws inspiration from Bryant

Apr. 8, 2020 11:08 PM EDT

The Latest on the effects of the coronavirus outbreak on sports around the world: ___ Los Angeles Lakers general manager Rob Pelinka is drawing inspiration from his friendship with Kobe Bryant as he navigates the coronavirus pandemic. Pelinka was Bryant’s longtime agent before he took over the...

Workers pack up in pit lane after the cancellation of the Australian Formula One Grand Prix in Melbourne, Friday, March 13, 2020. The first F1 Grand Prix of the season was canceled two hours before the first official practice was set to start Friday after organizers relented to pressure to call it off amid the spreading coronavirus. (Michael Dodge/AAP Image via AP)

F1 puts some staff on furlough, execs take pay cuts

Apr. 8, 2020 10:22 AM EDT

LONDON (AP) — With nearly half of the season already altered by the coronavirus pandemic, Formula One said Wednesday it will furlough half of its staff until the end of May and senior executives will take pay cuts. F1 called off last month's Australian Grand Prix and has postponed seven more races so far...

Correction: Virus Outbreak-REI story

Apr. 7, 2020 1:34 PM EDT

SEATTLE (AP) — In a story April 6, 2020, about furloughs at outdoor retailer REI due to the coronavirus outbreak, The Associated Press erroneously reported that corporate staff would see a 25% pay cut. About 25 percent of corporate staff at the company’s Seattle-area headquarters will be laid off,...

Major League Soccer Commissioner Don Garber speaks during the Major League Soccer 25th Season kickoff event in New York, Wednesday, Feb. 26, 2020. (AP Photo/Richard Drew)

AP Source: MLS cutting pay of top executives, some staff

Apr. 1, 2020 8:02 PM EDT

Major League Soccer plans to cut the pay of some executives and front office personnel while the season is on hold because of the coronavirus pandemic, a person with knowledge of the situation told The Associated Press on Wednesday. MLS Commissioner Don Garber and Deputy Commissioners Mark Abbott and Gary...