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Equilar in the News


Commentary and research from Equilar frequently appears in leading business and industry publications. Recent coverage includes mentions in Bloomberg, BusinessWeek, Forbes, CNBC, CNN Money, The New York Times and The Wall Street Journal.

Members of the press who are interested in obtaining information from Equilar for their stories can direct inquiries to press@equilar.com


Diversity Milestone: First Board Reaches 80% Women

June 26, 2017

In a watershed moment for board diversity, the board composition of vacation and travel deals website Travelzoo is now made up of four women and one man. The board is the first among Nasdaq- or NYSE-listed companies to include 80% women. Equilar’s Q1 2017 Gender Diversity Index shows how rare Travelzoo’s board composition is. Among Russell 3000 companies, 15.9% of board seats were held by women in its latest report published in May, compared to 15.1% in 2016. As of the first quarter, 22.5% of Russell 3000 boards had no women directors, which was actually an improvement over recent years. By contrast, 30.8% of Russell 3000 boards had no women in 2014.


CEO Pay Rose by 6% in 2016

June 21, 2017

The median total compensation of 500 large-cap company CEOs grew 6.1% in the 2016 fiscal year, according to a new report from Equilar. It was the highest growth rate since pay packages increased 8% in 2013. The Equilar CEO Pay Trends report looked at the total compensation for chief executives as shown in proxy-disclosed summary compensation tables. Median salary grew less than 1% in 2016, while annual bonuses grew about 5%.


Here’s How Much More American CEOs Make Than You Do

June 21, 2017

CEOs at some of the largest public companies in the U.S. received a raise in 2016. According to data from Equilar, which tracks executive pay in the country’s 500 largest companies by revenue, median pay for CEOs rose to $11 million (not counting inflation). That’s a 6.1% ($671,000) increase year over year. It is also the largest pay raise for CEOs in a single year since 2013.


Here’s What the Highest-Paid Female CEOs Have In Common

June 20, 2017

The four highest-paid female CEOs in the Fortune 500 all run tech companies. Based on an analysis by board and executive data provider Equilar, the highest-paid U.S. female chief in 2016 was Safra Catz, co-CEO of software maker Oracle. HPE CEO Meg Whitman, IBM CEO Ginni Rometty and former Yahoo CEO Marissa Mayer round out the top four.


Only this company has a board that is 80% female

June 19, 2017

As the focus on the lack of gender diversity on corporate boards heightens, Travelzoo, an online travel booking service, has become the only publicly traded U.S. company to have a board of directors that is 80% female. Equilar, a firm that provides research on executives including a gender diversity index, says that among the roughly 4,400 businesses that it tracks each year, Travelzoo’s board has the highest ratio of women to men. Among all companies in Equilar’s database, only 23 have boards that are at least half female. Four—Tootsie Roll Industries, Tri-Continental Corporation, American Water Works Company and Connecticut Water Service – follow Travelzoo with the number of women on their boards topping 60%.


Wisconsin’s female CEOs want boards of directors to include more women

June 18, 2017

Wisconsin business leaders, Kim Sponem and Marsha Lindsay, find fault in the notion and misunderstanding that it is difficult to find qualified women to fill board seats. The two business leaders believe that it will take innovation by existing members of corporate boards for the under-representation of women to fade at a faster pace. Recent data from compensation research firm Equilar showed that as of March, women occupied 15.9% of Russell 3000 board seats, up from 15.1% in 2016.


Board Diversity: Female CEOs Have More Women on the Board

June 15, 2017

A recent Equilar blog found that S&P 500 companies who have female CEOs tend to have more women on their boards. In analyzing the boards of directors at those companies with female CEOs using BoardEdge data, Equilar found that women occupied 33.2% of board seats. In 2016, just 21.3% of S&P 500 boards overall were female.


The Long Game: Incentive Pay Aims at Generating Lasting Return

June 6, 2017

Since Say on Pay went into effect in 2011, the concept of “pay for performance” has been the foremost trend in executive compensation, both in principle and practice. In response to regulation and pressure from proxy advisors and investors, companies have moved away from discretionary annual bonuses and stock options and toward performance share grants over the last five years. This post is based on an Equilar publication by Matthew Goforth, which originally appeared in the Spring 2017 issue of C-Suite magazine, available here.


Kempner: Georgia’s highest-paid CEO? You’ve never heard of him

June 5, 2017

The highest paid CEO at a Georgia public company last year wasn’t the chief executive at Coke, Home Depot, UPS or Delta Airlines. Ronald Clarke, CEO of Fleetcor Technologies, was awarded a total compensation ranking him just behind the pay packages for CEOs of Starbuck and Wal-Mart, the world’s biggest company by revenue, according to recent analysis by Equilar, an executive research firm.


Dissecting Marissa Mayer’s $900,000-a-Week Yahoo Paycheck

June 3, 2017

Verizon’s acquisition of Yahoo concluded the remarkable five-year run of Yahoo CEO, Marissa Mayer, who was paid nearly a quarter of a billion dollars during her tenure. Yahoo’s share price more than tripled during Mayer’s five-years as CEO. As Yahoo shareholders profited, so did Ms. Mayer. By the time the deal closes, she will have made about $239 million, based on Friday’s share price, according to calculations by Equilar, a provider of executive compensation data.


LTI Cash Can Balance Equity Plans, Experts Say

May 30, 2017

Few companies grant NEOs long-term incentive (LTI) or performance cash awards, according to data from Equilar, primarily because there are alternative equity awards that provide accounting and shareholder alignment advantages over cash. However, experts say, there are cases where LTI cash awards can improve shareholder alignment and have optical benefits. Some companies are using performance cash awards to complement equity awards to their top executives.


The Trump Effect on CEO Pay

May 26, 2017

After the November election, the stock market experienced a Trump bump. The surge in share prices thrilled investors, but some corporate executives had even more reason to celebrate. That’s because rising prices can fuel higher pay even if other corporate results are so-so, which seems to be the case for some companies right now. Consider Equilar’s rankings of the top 200 highest-paid C.E.O.s, compiled for The New York Times. The company in the middle of the list awarded its C.E.O. $16.9 million, 9 percent more than it did in 2015, even though median revenues increased only 3 percent.


The Highest-Paid CEOs in 2016

May 26, 2017

A list of the 200 highest-paid chief executives in American business, pulled from the Equilar 200 Highest-Paid CEO Rankings. The list compiles the compensation of the chief executives of 200 public companies with annual revenue of at least $1 billion that filed proxies by May 1, 2017.


As CEO Pay Packages Grow, Top Executives Have the President’s Ear

May 26, 2017

Pay packages for America’s top executives were on the rise in 2016, following a decline in 2015. The increase in executive pay is a reflection of the times, as stocks are strong, the unemployment rate is low and the economy is percolating. President Trump is now promising to roll back excessive business regulations and is taking note of what corporate America has to say. The president has met with 41 of 2016’s 200 highest-paid CEOs since taking office in January. Last year’s highest-paid CEO, according to the Equilar200 highest-paid chief executive rankings, conducted for The New York Times, was Thomas M. Rutledge of Charter Communications, who was awarded $90 million in total compensation last year.


The surprising role where women consistently earn more than men

May 26, 2017

The gender pay gap is apparent in almost every job there is. Technology workers, scientists and even male nurses typically out earn their female counterparts. But in one occupation — one at the very tiptop of Corporate America — the median woman has consistently earned more than the median man. It's the corner office of the country's largest public companies: chief executives of S&P 500 corporations. A new analysis of the largest public U.S. companies by the Associated Press and Equilar, the executive pay and corporate governance research firm, found that the median female CEO made $13.1 million in 2016, compared with $11.4 million for the median male CEO.


The highest-paid CEOs by state

May 25, 2017

Here are the top-paid CEOs by state for 2016, as calculated by The Associated Press and Equilar, an executive data firm.


Women CEOs earn big pay, but few of them have the top job

May 24, 2017

Women CEOs earned big bucks last year, but there’s still very few of them running the world’s largest companies. The median pay for a female CEO was $13.1 million last year, up 9 percent from 2015, according to an analysis by executive data firm Equilar and The Associated Press. By comparison, male CEOs earned $11.4 million, also up 9 percent. But the number of women in CEO roles has barely budged. Just 6 percent of the top paid CEOs in the U.S. last year were women, according to the Equilar and AP analysis, a slight increase from about 5 percent in 2015 and 2014.


CEO pay climbed faster last year, up 8.5 percent

May 23, 2017

The typical CEO at the biggest companies in the U.S. got an 8.5% raise last year, raking in $11.5 million in salary, stock and other compensation last year, according to a study by executive data firm Equilar for The Associated Press. That’s the biggest raise in three years.


These guys put the ‘activist’ in activist investing

May 12, 2017

When Canada Goose went public earlier this year, there were scores of investors ready to nestle the winter coat maker into their portfolios. One surprising IPO buyer was PETA. PETA bought around $4,000 of Canada Goose when the company — which uses coyote fur for trim on it's coats — went public in March. For many of the companies, the group owns between $3,000 and $5,000 in common shares, likely to hedge against the stocks taking a dive and the group being ruled out of the shareholder resolution process. In order to submit shareholder resolutions, investors need to own at least $2,000 worth (or a 1 percent stake) of a company for more than a year before the shareholders' meeting, according to the Securities and Exchange Commission. The group introduced resolutions at two laboratory company annual meetings this year, according to research from Equilar, a board and executive data provider.


Slight Uptick in Women Joining Boards

May 5, 2017

Nearly a quarter (24.3%) of Russell 3000 board seats were filled by women in the Q1 2017, according to new research from Equilar. A slight increase in percentage from last year, when women accounted for 21.4% of open board seats, and much higher than the percentage for 2014, when only 17.8% of board seats were filled by women. According to the report, the total share of Russell 3000 board seats held by women at the end of Q1 is 15.9%, up from 15.1% last year. “While females are still vastly underrepresented on boards, it’s encouraging to see this growth,” said Belen Gomez, senior director of research and board services at Equilar, in a press release on the report.


U.S. CEOs say look to military, non-profits for female directors

May 2, 2017

Three U.S. chief executive officers speaking at a conference on Tuesday pushed back against the view that qualified female directors are scarce, saying that corporate boards need to look harder and wider to diversify. The U.S. military, corporate subsidiaries and non-profit boards were three areas cited as potential launching pads for female directors. The push for more women on boards comes as some large investors make the case that more board diversity leads to stronger corporate performance. Equilar, which compiles board data, said in a January study that it will take nearly 40 years for Russell 3000 boards of directors to reach a male-female ratio of 50-50.


Perk Provides Exiting NEOs With Tax Relief

May 1, 2017

Corporate boards have begun helping NEOs take advantage of certain aspects of the tax code by offering financial planning perquisites to executives and by designing consulting agreements that allow them to delay cashing in equity until they are in a better tax situation. In 2015, 33.8% of boards offered these perks to NEOs, versus 32.5% in 2013, according to Equilar. Equilar says the median value of this perk for NEOs was $11,000, and $14,400 for CEOs.


Billionaire CEO Paychecks 2016

April 28, 2017

Many billionaires have built their fortunes by starting companies, and their mega wealth has come from the value of their stock, not their annual pay. But some billionaires remain chief executives at the world’s largest corporations, and they took home huge sums last year. Corporate governance data provider Equilar recently released the Equilar 100, which reveals CEO pay at the 100 largest U.S. firms (by revenue).


Investor Pressure Boosts CEO Stock Ownership

April 24, 2017

Since the start of 2017, a growing number of companies have disclosed increases in CEO stock ownership guidelines. “The broad reason for this is to signal to the market that the executives’ interests are aligned with shareholders’,” said Equilar director of client engagement and corporate governance, Timothy Stark. “A firm might increase its ownership requirements if they are considered below the mean for their peer group. Or it could be, perhaps, the board ‘got religion’ around good governance and alignment, and are coming up to par.”


Wells Fargo Board Scrapes Through Election at Tough Meeting

April 25, 2017

Wells Fargo & Co. board members narrowly survived a shareholder vote in the wake of the bank’s account scandal, with some eking out such razor-thin majorities that it may hasten their departures. Shareholder support was lowest for Sanger and some directors on two board committees. Furthermore, at other banks hit by scandal, low support for directors has prompted exits within months. A vast majority of S&P 500 directors comfortably secure at least 90 percent shareholder support, according to Equilar Inc. Directors that didn’t clear that hurdle have tended to end up with lower approval ratings than in past years, suggesting that there’s a more uniform view among investors on what’s acceptable and what isn’t.


fast company

Why Uber Shouldn’t Fire Its Bad Boy CEO

April 13, 2017

In the last three months, Uber has been battered by a seemingly endless series of scandals. The accumulation of incidents has painted Uber as a win-at-all-cost place with little regard for its workers’ well-being. CEO Travis Kalanick is believed to be the seed of this mentality, which begs onlookers to inquire: Why does Uber keep him? Last year in particular saw several high-profile departures. Zenefit’s CEO Parker Conrad stepped down after reports of unlicensed insurance sales representatives. Since 2012, the number of CEOs to exit top 500 companies has climbed upward slowly and deliberately, according to board intelligence provider Equilar.


fast company

4 of the 10 Highest-Paid CEOs Are Now Women

April 12, 2017

Women accounted for four of the top 10 highest-paid CEOs in U.S. last year. Safra Catz of Oracle (No. 5), Meg Whitman of Hewlett Packard Enterprise (No. 6), Ginni Rometty of IBM (No. 8), and Indra Nooyi of PepsiCo (No. 10), all appear on Equilar’s recently released “Equilar 100: Highest-Paid CEOs at the Largest Companies by Revenue” report.


fast company

Plenty More Villains at Wells Fargo

April 12, 2017

In its latest attempt to salvage the reputation of Wells Fargo, the bank’s board announced on Monday that it would revoke $75 million in bonus awards from two former senior executives who it said were largely to blame for a staggering sales scandal at the bank. John Stumpf, the bank’s former chief executive, has now been told by the board that he will not receive $28 million in proceeds from a stock grant in 2013; Carrie Tolstedt, the former head of community banking, will not be allowed to exercise vested stock options valued at $47 million. Despite clawbacks, Stumpf and Tolstedt will still be left with vast accumulated wealth. Mr. Stumpf will keep most of the $286 million he made from 2011 to 2016, according to Equilar, a compensation consultant.


fast company

Tesla Seeks Independent Directors as Board’s Musk Ties Eyed

April 11, 2017

Tesla Inc. has begun searching for independent directors as investors pressure the board to add two members who don’t have ties to CEO Elon Musk. Five of Tesla’s six current board members have personal or professional connections to Musk, which CalSTRS and four other investors believe could jeopardize their independence. Furthermore, more investors have pushed companies broadly over the past few decades to move to more frequent director elections. Less than 11 percent of S&P 500 companies have staggered board elections today, down from 32 percent in 2011, according to governance-data provider Equilar.


fast company

Wells Fargo board slams former CEO Stumpf and Tolstedt, claws back $75 million

April 10, 2017

Wells Fargo’s independent directors have decided to initiate corporate pay clawbacks that total some of the largest in history, after concluding a six-month investigation into the beleaguered institution’s retail banking sales practices. The bank deemed it necessary to claw back an additional $28 million of pay from former CEO John Stumpf, adding onto $41 million he already gave up when he resigned in October 2016. Stumpf's total pay from 2011-2016 was $286 million, according to executive compensation firm Equilar, meaning he will have forfeited 24 percent of his pay for that period since the scandal first emerged.


fast company

Wall Street is keeping its ‘Fearless Girl’ statue – for now

March 27, 2017

In less than a month, the 50-inch bronze “Fearless Girl” facing off against Wall Street’s iconic Charging Bull has become a local celebrity. On Monday, New York Mayor Bill de Blasio (D) announced that the statue, which was set to be removed in April, will remain a fixture in the city until at least April 2018. Boston-based State Street Global Advisors installed the statue as part of a campaign to encourage companies to add more women to their corporate boards. Nearly 25 percent of companies in the Russell 3000 index, a benchmark of the entire U.S. stock market, have no female membership, according to corporate governance data firm Equilar.


Snap’s Multi-Class Structure Sparks Questions

March 20, 2017

When Snap, Inc., went public earlier this month and took the unusual step of offering only non-voting shares to investors, it provoked the ire of several good-governance watchdogs and investor groups. The multi-class, and particularly dual-class, share structure has grown in popularity as more tech companies go public, but some say the latest version offered up by Snap may be going too far. Snap went public with three classes of shares. Class A shares are publicly traded and hold no voting rights, Class B shares hold one vote per share and are held for management and early investors and Class C shares are held exclusively by co-founders CTO Bobby Murphy and CEO Evan Spiegel and hold 10 votes per share. According to Equilar, this means Murphy and Spiegel hold a combined 88.6% of the company’s voting power.


We Know Female CEOs Get Paid More, But We Don’t Know Why

March 13, 2017

Last spring Equilar, an executive compensation firm, released a headline-grabbing study on gender and CEO pay. In a survey of 341 S&P 500 companies, it found that the 17 female chief executives in the group made nearly $8 million more on average than their 324 male counterparts.


WP"

More Companies to Detail Directors’ Ethnicity, Gender in 2017

March 13, 2017

Companies appear poised to provide more specific details regarding directors’ gender and ethnicity this proxy season after a sustained investor push for more information. Belen Gomez, director of research and strategic partnerships at Equilar, points out that race and ethnicity are among the only demographic data points that boards haven’t explicitly provided to investors. In an analysis of 2016 proxy statements, Equilar found that only 12.8% of S&P 500 boards disclose additional information around directors’ race, ethnicity or gender. Indeed, the dearth of such information led Equilar to roll out its Equilar Diversity Network last year.


WP"

If your colleagues are mostly men or mostly women, that’s not good

If men or women greatly outnumber the opposite sex in your office, the odds may be against your collective success. There have been other reports showing stronger financial performance at companies that have more gender diversity on their boards or in senior management positions. Still, executive data firm Equilar said in January that at the current pace, it will take until the end of 2055 before boards of directors at companies that are part of the Russell 3000 have equal numbers of men and women.


WP"

State Street to Start Voting Against Companies That Don’t Have Women Directors

March 7, 2017

Index-fund giant State Street Global Advisors announced it would be placing pressure on large companies to elect women to their boards, initially targeting firms without any female directors. The money manager, which is a unit of State Street Corp., says it will vote against board members charged with nominating new directors if they don’t soon make strides at adding women. Firms won’t have an exact quota to be in compliance with State Street’s mandate, but must prove they attempted to improve a lack of diversity. Boardrooms at 76 U.S. public companies have had no female directors for the entire past decade, according to an exclusive analysis completed in December for The Wall Street Journal by governance researchers Equilar Inc.


WP"

Board Diversity Advocates Aren’t Giving Up on Disclosures

March 6, 2017

Board diversity advocates are hoping to keep the SEC’s attention on the issue of board composition. Mary Jo White proposed asking companies to provide more details about the diversity of their directors shortly before she stepped down as chair of the SEC. Under the committee’s recommendation, companies would need to report on their board’s composition. Fewer than 13% of S&P 500 companies voluntarily disclosed data about directors’ race or ethnicity in their most recent proxy statements, according to research from executive data provider Equilar Inc.


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Investors Push Corporate Boards to Add Women, People of Color

March 2, 2017

The number of investors pushing companies to address diversity in the boardroom continues to steadily grow. The small but growing number of shareholder votes on diversity proposals is on pace to match or exceed the record set last year. In each of the last five years, more than 20 board diversity proposals have been brought to U.S. companies, encouraging some to change their policies and avoid a public referendum. As of now, 13 percent of companies currently give specific details about the race and gender of directors named in their annual filings, said Belen Gomez, senior director of research at Equilar Inc.


WP"

The real story behind Snap CEO Evan Spiegel’s $1-a-year salary

March 1, 2017

When Snap went public, CEO Evan Spiegel's salary dropped to just $1. But between his 44 percent voting share in the company and last year's total compensation of $2.4 million, Spiegel is sitting pretty among other recent tech CEOs. In fact, Spiegel's base salary puts him at the top of the list of big tech start-ups that have gone public in the past decade, according to data provided by Equilar.


WP"

The CEOs of Goldman Sachs, JPMorgan are worth $261 million more since the election

February 22, 2017

According to a newly released analysis by Equilar, the executive pay and board data firm, the total stock ownership value held by Dow 30 CEOs in their companies rose nearly $402 million between Election Day and Feb. 10, the week ending the first three-month period since Trump's win. In total, Dow 30 CEOs held $2.2 billion in company stock as of Nov. 7, which grew to $2.5 billion on Jan. 20 and nearly $2.6 billion by Feb. 10, an 18.4 percent rise.


Agenda"

Boards Boost Shareholder Engagement Disclosures - (Subscription Required)

February 17, 2017

Disclosures on shareholder engagement have ballooned over the past few years, according to a new Equilar report that shows the number of boards making these disclosures has also grown. Furthermore, as boards have become more transparent about their shareholder engagement programs, proxies are showing more than boilerplate language. According to Equilar’s recently released “Innovations in Proxy Design” report, 63% of S&P 100 companies disclosed information on shareholder engagement and outreach in 2016 proxies, compared to only 12% in 2012.


Economist"

Why bosses are flying more for play, not work

February 16, 2017

The average value of this perk per executive in Fortune 100 firms has risen by about 10% since 2013, says Equilar, a research firm. Executives justify flying private on the grounds that they may need to get back to the office quickly in an emergency, and that confidential documents or company devices may be lost or stolen on a commercial flight.


Financial

How paying chief executives less can help corporate performance - (Subscription Required)

February 12, 2017

The pay package of WPP’s Sir Martin Sorrell is legendary, though his 2015 remuneration of £70m did at least reflect strong shareholder returns. By contrast, BP’s Mr Dudley, paid £13.3m, generated negative TSR over one, three and five years. Comparable figures for the best-paid US chief executives are just as mixed. Expedia’s Dara Khosrowshahi, the top earner according to Equilar, earned total pay of $95m, but also oversaw some of the best TSR numbers. Viacom’s Philippe Dauman, on the other hand, who was the third best-paid boss until he was ousted last year, generated negative TSR returns.


CFO

The Growing Importance of Proxies

February 10, 2017

And bidding to mollify shareholders, companies are increasingly willing to provide more information in proxies than is required. “Proxies are clearly becoming more important, especially considering the rise of shareholder activism and the level of companies’ engagement with long-term institutional shareholders,” says Dan Marcec, content director for Equilar.


Yahoo

VIDEO: The gender gap in the boardroom will finally close in 2055

February 3, 2017

The latest data shows women make up 15% of all board of director seats in public US companies. That's up from 14% last year. According to the research firm Equilar, at this rate, we won't reach gender parity until 2055.


Entrepreneur

Women Won't Have Equal Numbers of Board Seats Until 2055, New Study Finds

February 3, 2017

Equilar, a research firm that focuses on board recruitment, put together a Gender Diversity Index and predicts that the board of directors on the Russell 3000 list -- the 3000 largest companies based in the United States -- will achieve parity, with a membership made up of 50 percent women and 50 percent men, by the fourth quarter of 2055.


agenda"

Median Cost of Aircraft Perks Hits Three-Year Low - (Subscription Required)

February 3, 2017

“As executive pay becomes more and more scrutinized … you see companies starting to reduce any sort of perk that can be considered excessive,” says Dan Marcec, director of content and corporate governance data at Equilar. Indeed, the report points out that air travel perks draw more public ire than other executive benefits.


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Women are, very slowly, getting more seats in the boardroom

February 1, 2017

The number of women sitting at the table in corporate boardrooms across the country is rising very slowly, but it's rising. Just over 15 percent of all director seats at publicly traded U.S. companies were held by women as of Dec. 31, according to a study by Equilar, a corporate research firm. That's up from 14 percent a year earlier and from 12 percent in 2013.


wsj

Big Investor Group to Push for End to Dual-Class Shares - (Subscription Required)

January 31, 2017

Mattis joined the board of the nation’s fourth-largest defense contractor, General Dynamics, which paid him $276,000 in fees for his work, according to the most recent financial filings with the Securities and Exchange Commission. He also has a little more than $1 million in General Dynamics stock and options (based on Wednesday’s stock price), some of which he cannot cash in yet, according to Equilar, an executive and board-data provider.


wp

Pentagon nominee’s ties to private firms embody revolving-door culture of Washington

January 19, 2017

Mattis joined the board of the nation’s fourth-largest defense contractor, General Dynamics, which paid him $276,000 in fees for his work, according to the most recent financial filings with the Securities and Exchange Commission. He also has a little more than $1 million in General Dynamics stock and options (based on Wednesday’s stock price), some of which he cannot cash in yet, according to Equilar, an executive and board-data provider.


WSJ

Women Make Gains Toward Winning CEO Job - (Subscription Required)

January 17, 2017

Women were president or chief operating officer of 13 S&P 500 companies when their 2016 proxy statements appeared—up from nine as of their 2006 proxies, concluded an exclusive study for The Wall Street Journal by researchers Equilar Inc.


Agenda

For GCs, the More Equity Incentives, the Less Gatekeeping - (Subscription Required)

January 17, 2017

According to Equilar’s 2016 GC Pay Trends report, long-term time-vested and performance stock awards made up roughly 42% of the median pay packages of GCs at companies with revenues of more than $15 billion in sales. In an extreme example, in 2016, Apple general counsel Bruce Sewell was paid $22.8 million, after receiving $25 million the prior year, according to the company’s 2017 proxy statement.


WSJ

Join Our Board: Companies Hotly Pursue New Wave of Women in Tech

December 30, 2016

“Boards are looking at diversity across multiple dimensions, such as gender, ethnicity, age and unique skill sets,” said David Chun, the chief executive of Equilar, which tracks board candidates and executive compensation. “If you can bring a number of these different attributes and perspectives to the boardroom, you’ll be in high demand.”


WSJ

Dozens of Boards Excluded Women for Years - (Subscription Required)

December 27, 2016

Glass ceilings are shattering all over—except in the boardrooms of 76 U.S. public companies that have had no female directors for the entire past decade. The protracted persistence of all-male boards emerges from an exclusive analysis for The Wall Street Journal by Equilar Inc. The governance researchers tracked the 1,500 largest Russell 3000 concerns without female board members in any of the past 10 years.


cnbc

'Trump Cabinet index' is outpacing the market since election

December 19, 2016

Future government officials such as James Mattis, Gary Cohn, Wilbur Ross, Rex Tillerson and Elaine Chao all serve on at least one board of a major publicly traded company. Here's a list, compiled by CNBC and corporate data firm Equilar.


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The $185 million question about ExxonMobil CEO Tillerson joining Trump’s cabinet

December 14, 2016

Many companies vest executive shares over a three-to-five year period. ExxonMobil executives have to wait much longer: five years for the first half of the grant and 10 years or retirement -- whichever comes later -- for the second half. Both Foley and Equilar estimated Tuesday, before the new departure date was set, that upon Tillerson's retirement, 358,500 of the 2 million unvested shares would vest, leaving nearly 1.7 million shares, valued at more than $150 million, potentially on the table.


nyt logo

Just How Much Do the Top Private Equity Earners Make?

December 10, 2016

Top executives at the publicly traded private equity firms get all that, and a whole lot more. They often pocket money from a variety of additional sources that can total hundreds of millions of dollars a year. To determine just how much money private equity titans receive, The New York Times asked Equilar, a board and executive data provider, to compile information from the six largest publicly traded private equity firms. The Times then analyzed the data, which covered the period from 2012 to 2015, and verified Equilar’s findings with the firms themselves.


cnbc logo

Coke's Muhtar Kent is the latest, but CEO turnover was already on the rise

December 9, 2016

As of the end of October 2016, 59 chief executives of S&P 500 companies have either retired, resigned or been terminated, effective by the end of the year, according to corporate data firm Equilar. That figure is higher than in recent years. It indicates that in 2016, more than 10 percent of big-cap companies announced turnover at the top level. Put another way, that's more than one announced departure every week.


wsj logo

CEOs Enjoy Richer Perks - (Subscription Required)

December 6, 2016

According to new data from research firm Equilar, the median compensation—without perks—for C-suite executives at Fortune 100 companies jumped nearly 15% to $7.4 million in fiscal year 2015 from $6.5 million in 2013. Over the same period, perks jumped 21.6% to a median value of $126,550. “Over the past few years, investors have been much more scrutinizing of executive pay, and it’s not always clear what that entails,” says Dan Marcec, director of content at Equilar, which tracks information about corporate executives and boards.


reuters logo

Apple's Sewell tops list of highest-paid GCs at U.S. public companies

December 1, 2016

The $25 million in compensation Apple Inc's Bruce Sewell received in 2015 put him at the top of the list of the 20 highest-paid general counsels at U.S. public companies compiled by research firm Equilar.


wsj logo

Microsoft Wins Proxy Access Vote, Shareholder To Keep Pushing - (Subscription Required)

December 1, 2016

A federal court struck down part of the rule in 2011, which would have required proxy access at all public companies. Still, many have since adopted proxy access at the insistence of investors. So far this year, 29 of the S&P 500 companies have approved proxy access proposals. That’s down from 43 in 2015, according to data provider Equilar Inc.


washington post logo

From Goldman Sachs to ‘Suicide Squad': Meet Steven Mnuchin, Donald Trump’s pick for Treasury secretary

November 29, 2016

In 2009, Mnuchin led a purchase of failed subprime mortgage lender IndyMac, which was ground zero for some of the worst lending abuses. Central to the deal was a promise by federal regulators to cover a significant share of the bank’s losses. The bank -- later renamed OneWest -- received $900 million in federal bailout money. Another bank, CIT, acquired OneWest last year for $3.4 billion, roughly double the original sale price. Mnuchin is still on CIT’s board of directors and owns $100 million in company stock, according to compensation research firm Equilar.


financial times logo

Activision Blizzard’s Kotick set for stock windfall - (Subscription Required)

November 25, 2016

According to an annual tally of executive pay compiled by Equilar, that package is likely to put Mr Kotick in the uppermost rankings of the highest-paid chief executives. Equilar’s most recent list, published in May, was led by Expedia’s Dara Khosrowshahi with total compensation of $94.6m, followed by CBS boss Les Moonves with $56.4m.


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Chief HR Officers Are Gaining Pay, Respect

November 17, 2016

The top HR executives at S&P 500 companies were given median total compensation of $1.6 million in 2015, slightly down from $1.7 million in 2014, according to a report released Nov. 2 by Equilar, a provider of board intelligence solutions, and Allegis Partners, an international executive search firm.


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Don’t Stop Readying Your Pay Ratio Just Yet

November 17, 2016

If workers learn how their pay stacks up against that of the CEO and, perhaps more importantly, the median worker, human resource departments could find themselves caught in the middle. “So if there is any chance of that coming out, they have to be prepared,” said Dan Marcec, director of content at Equilar Inc.


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Telecom CEO’s Deal-Making Puts Louisiana Town at Center of Internet - (Subscription Required)

November 2, 2016

Mr. Post is among the longest-serving S&P 500 company CEOs who didn’t found the business they run, according to Equilar. And he has held the top spot despite being an aggressive deal maker, scooping up Sprint Corp. ’s former landline business for about $6 billion and Qwest Communications International Inc. in a $10.6 billion deal. In 2002, he fended off a hostile approach from Alltel Corp. by selling his company’s wireless business to its rival, keeping the company independent but heavily dependent on landlines.


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A Committee of Equals? Women Directors Paid Less - (Subscription Required)

September 29, 2016

An analysis conducted by Equilar and provided exclusively to Agenda shows that a similar — albeit smaller — pay gap exists on S&P 500 company boards. Among S&P 500 non-employee directors, median pay for women totaled $266,586 while median pay for men totaled $271,049. Among S&P 100 companies, which are seen as the most progressive in improving gender diversity, median pay for women totaled $294,648 while median pay for men came to $300,000.


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How Companies Are Different When More Women Are in Power - (Subscription Required)

September 27, 2016

Change is coming slowly, but corner offices are looking a bit less like exclusive boys’ clubs lately. At S&P 500 companies with men in command, 11.9% of the four other highest-paid officers are women, up about four percentage points from a decade earlier, according to an analysis for The Wall Street Journal by researchers Equilar Inc.


Washington Post logo

Wells Fargo CEO to forfeit $41 million in performance pay after sales scandal

September 27, 2016

Stumpf and Tolstedt still have millions of dollars in stock and other compensation from Wells Fargo. Stumpf, for example, was awarded $161 million in bonuses and performance awards between 2011 and 2015, the period in which the misconduct took place, according to Equilar, a research firm. Tolstedt was awarded more than $60 million in bonuses in the same period.


USA TODAY

Wells Fargo CEO gets $123.6M if he walks

September 26, 2016

Stumpf would surely prefer to retire, even if asked to do so by the board, as opposed to being terminated. Stumpf would forfeit his claim to the $25.2 million retirement benefit in the case of involuntary termination for cause, according to the company's plan documents, says Dan Marcec, director of content at Equilar. It's unclear if he would receive the pension and deferred compensation if terminated for cause, Marcec says.


San Jose Mercury News logo

Who are the Silicon Valley CEOs in the $1-a-year salary club?

September 23, 2016

Last year, the $1 Club included Zuckerberg; Larry Page, chief executive of Alphabet, the parent company of Google; Mark Pincus, then Zynga’s chief executive; and Jeremy Stoppelman, Yelp’s top chief, according to the 2015 Equilar Silicon Valley CEO Pay Study conducted for the Bay Area News Group.


New York Times logo

Viacom’s Interim Chief Will Step Down in November

September 22, 2016

Mr. Dooley, who started at Viacom in 1980 and was a longstanding partner to Viacom’s recently ousted chief executive, Philippe P. Dauman, stands to receive $62.4 million upon his departure, according to Equilar, a compensation research firm. Mr. Dauman departed the company this month with a total severance package valued at about $72 million.


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Investors Want Diversity Details Companies Are Slow to Report

September 19, 2016

This year, nine companies in the Standard & Poor’s 500 -- the most ever -- faced official demands from shareholders that they adopt new diversity plans. Such initiatives have a long way to go, with only 12.8 percent of companies currently giving specific details about directors named in their annual filings, according to a report released Tuesday by researcher Equilar Inc.


New York Times logo

Wells Fargo’s John Stumpf Has His Wall St. Comeuppance

September 19, 2016

From 2011 to 2015 — the time during which regulators are focusing their investigation into the fake accounts — Mr. Stumpf’s compensation in cash, stock and other benefits totaled roughly $103 million. Indeed, he was paid more than any of the chief executives at the traditional Wall Street firms like JPMorgan, Goldman Sachs or Morgan Stanley, according to an analysis by Equilar, an executive research firm.


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With 50-50 Gender Split On Board, GM Is In Rare Company

September 19, 2016

Women account for 21.3% of board seats at S&P 500 companies, up from 16.6% in 2012, according to a new analysis by Equilar, an executive data research firm.


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Salesforce Names Former Microsoft Executive as Equality Leader

September 15, 2016

Salesforce is one of four technology companies in the Standard & Poor’s 500 Index that discloses diversity as a component of its board composition, according to researcher Equilar Inc. Only 13 percent of the S&P 500 overall disclosed the diversity of their boards in 2016 proxy statements, Equilar found.


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This Is the Highest-Paid Exec on Fortune's 2016 Most Powerful Women List

September 14, 2016

For the 33 executives on the 2016 Fortune Most Powerful Women list whose data is publicly available, the median pay package in 2015 was $10.7 million, according to executive data provider Equilar. Together, the top five best-paid women made a total of $161.3 million.


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Need Board Diversity? There’s an App for That - (Subscription Required)

September 6, 2016

A new diversity resource is aiming to link together various groups that help companies find women and minority board candidates via a single tool that will allow boards to more easily identify potential director talent. The Equilar Diversity Network (EDN), which will officially launch on Sept. 13, has formed partnerships with networking and advocacy groups including Pan-Asian organization Ascend, Catalyst, the Committee for Economic Development, Stanford Women on Boards, the U.S. 30% Club, the Wellesley Business Leadership Council and the San Diego chapter of Women Corporate Directors.


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Fearing lawsuits, U.S. banks set sky-high limits for director pay

September 1, 2016

Overall, the median annual board compensation at the six biggest U.S. banks was $349,027 in 2015, nearly $80,000 more than the median director pay at S&P 500 companies overall, according to executive compensation data firm Equilar.


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EpiPen CEO could score $28 million payday thanks to price hikes

August 31, 2016

A huge one-time time payout like this is unusual, said Dan Marcec. director of content at Equilar, a firm that specializes in executive compensation. Executive bonuses tied to various performance targets are common at almost all public companies, he said, but "it's unusual to have one large goal tied to one single metric like this. When you have that large an award, there's going to be a laser focus on that one part of the business."


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The Big Number - (Subscription Required)

August 30, 2016

Female finance chiefs at S&P 500 companies took home less than their male peers in 2015. The median compensation for female CFOs last year was 8.7% lower than their male counterparts, according a new study by Equilar Inc., a compensation-research firm. The midpoint in pay for men was $3.4 million, compared with $3.1 million for women. Median pay for CFOs overall rose 3% to $3.4 million.


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‘Earnings Hysteria’ Pits ISS Against Clinton and Fink on CEO Pay

August 23, 2016

Today, more than half the chief executive officers of S&P 500 companies receive compensation partly determined by shareholder return, according to Equilar Inc. That’s doubled since non-binding “say-on-pay” shareholder votes on compensation were introduced in 2011.


New York Times logo

Bloated Pay Came Before Hain Celestial’s Error

August 19, 2016

The pay of Hain’s chief hit my radar screen three years ago when Equilar, a compensation analysis firm in Redwood City, Calif., identified problems with the peer groups the company used for pay purposes. Many companies benchmark their pay against a group of companies in their industries. Most of Hain’s chosen peers had higher revenue than the company and half had larger market capitalizations, Equilar found.


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Here's what Philippe Dauman made as Viacom CEO, and how the stock did

August 19, 2016

A deal, expected to be announced soon, would reportedly award Dauman a hefty parting sum of $72 million, a source told Reuters. It comes after Dauman has consistently been among the highest paid CEOs in recent years, according to Equilar, which specializes in executive compensation data. Dauman has made a total $409.67 million in reported compensation — which includes the grant date fair value of any stock or options awards — since he was named CEO in September 2006. His realized pay during that time — which is the amount earned in cash in the given year, plus the value of shares vested in that year, and gains from exercised options — totals $491.66 million, Equilar said.


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CEOs Take Voluntary Pay Cuts After Missed Goals - (Subscription Required)

August 19, 2016

According to research compiled for Agenda by Equilar, the 25 CEOs with the largest pay dips from 2014 to 2015 showed an average decrease of 45%. The largest decreases in CEO pay came from Discovery Communications, Broadcom, St. Jude Medical and Advance Auto Parts, among other companies. The data looked at proxies filed between January 1, 2016, and April 30, 2016, by S&P 500 companies with CEOs who have served in that role for at least two years.


New York Times logo

Fight for Viacom Is Said to End With the Redstones in Control

August 18, 2016

Despite Viacom’s business struggles, Mr. Dauman was handsomely compensated during his tenure. Mr. Dauman was awarded $54.1 million last year, making him the third highest paid chief executive in the country. Since being named chief executive of Viacom in 2006, Mr. Dauman’s total reported compensation was $409.7 million, according to Equilar, a compensation research firm.


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CEO Pay Ratio: Tricky to Calculate, Communicate

August 10, 2016

Ultimately, CEOs are paid very differently than employees, and the data suggests that workers who understand the nuances are more receptive to learning more about why. HR departments and other internal communicators have the opportunity to gather information and data now so they can accurately tell their company’s story and dampen the noise from external parties that may try to tell that story for them.


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Female CEOs, Still a Rarity, Face Extra Pressures - (Subscription Required)

August 9, 2016

When a female CEO can’t revive the fortunes of an ailing company, onlookers might be quick to forget she took the job at a firm that was heading downhill. Yet female business leaders expect Ms. Mayer to find another plum corporate role if she wants one after she leaves Yahoo. She was eligible for $48.6 million in severance as of late Monday, estimates Equilar.


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Blue-chip bosses’ pay packets climb to 147 times those of workers - (Subscription Required)

August 5, 2016

According to the data, FTSE 100 chief executives were paid 147 times employees’ average wages in 2015, barely changed on the previous year, when they were paid 148 times. In the US, the median pay of a S&P 500 chief executive in 2015 was $10.8m, an increase of 4.5 per cent on the year before, according to Equilar, a data provider. US chief executives were paid 204 times their employees’ median compensation in 2015, according to data compiled by Glassdoor.


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CEO Pay: How Much Do CEOs Make Compared to Their Employees?

August 4, 2016

PayScale partnered with Equilar, a leader in executive compensation and corporate governance data solutions, to calculate ratios for some of the highest-paid CEOs in the U.S. Only companies with annual revenue over $1 billion were considered. PayScale also surveyed employees to find out how they feel about their CEO's compensation, and talked to a few CEOs (including our own) to understand how they communicate to employees about executive pay today.


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Study: Peer Group Strategy ‘Complex’ - (Subscription Required)

August 1, 2016

According to Equilar’s latest report, Peer Group Composition and Benchmarking 2016, “Boards typically select a peer group of companies as a means to benchmark both the magnitude of pay and the structural components that serve to motivate executive behavior and drive company performance.” As of 2015, 95.4% of S&P 500 companies used peer groups to benchmark their pay practices, the report says.


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Marissa Mayer’s total pay as Yahoo CEO could end up reaching almost $219 million

July 25, 2016

Equilar spokesperson Dan Marcec broke the numbers down this way: Mayer has earned $114.7 million in "realized pay" during her tenure as CEO between 2012 and 2015. That figure is made up of cash received, shares she owns, and gains on stock options that have been exercised. In addition, she has options to buy more stock that are valued at $43.4 million, as well as nearly $4 million in stock she has earned this year, Equilar reports.


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Yahoo’s Sale to Verizon Ends an Era for a Web Pioneer

July 24, 2016

Ms. Mayer, who was hired as Yahoo’s chief executive four years ago but failed to halt its decline, was nevertheless rewarded handsomely for her efforts. Including the severance, she will have received cash and stock compensation worth about $218 million during her time at Yahoo, according to Equilar’s calculations.


new_york_times logo

A Profit Bump for Companies, and Tax Transparency for Investors

July 23, 2016

According to Equilar, the executive compensation analysis firm in Redwood City, Calif., health care companies topped the list of industries in options awards to their chief executives last year, a fairly good proxy for overall grants. Services companies, industrial goods manufacturers and technology concerns are also big options dispensers. Utilities granted the fewest options, Equilar said.


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HR's Elite Continue to Enjoy Gains

July 19, 2016

Dan Marcec, director of content and marketing for Equilar, says he was particularly struck by how much the average pay packages have gone up year over year, though he adds that it's not entirely surprising when you consider the fact that "the top HR position has risen in prominence and become more important" in many organizations. The Redwood City, Calif.-based research firm specializing in executive compensation compiled the HR's Elite list.


financial_times_logo

Pay for big bank chief executives jumps nearly 8% - (Subscription Required)

July 12, 2016

The chiefs of the top six US banks did particularly well — their packages rose by an average of just over 10 per cent and are almost twice as large as those of their European rivals, according to an analysis by compensation company Equilar and the Financial Times of the 20 most highly paid international bank chiefs in Europe, the US, Canada and Australia.

For an interactive infographic on the story, click here.


new_york_times_logo

Investors Get Stung Twice by Executives’ Lavish Pay Packages

July 10, 2016

Stock grants are a substantial piece of the pay puzzle: Last year, they accounted for $8.7 million of the $20 million median C.E.O. package, according to Equilar, a compensation analysis firm in Redwood City, Calif.


agenda

Pay Ratio Prep Enters Home Stretch - (Subscription Required)

July 5, 2016

The rule also allows companies to perform statistical sampling to gather pay data, but in practice, the value of statistical sampling is limited, said panelists speaking at the 2016 Equilar Executive Compensation Summit in June. Companies will still have to go through the cost and effort of gathering all of their workforce data before performing the statistical analysis, so most companies are finding that it doesn’t make sense to use statistical sampling, panelists remarked. A show of hands revealed that virtually no attendees were using statistical sampling in their companies’ calculations.


agenda

CEO Pay Trending Toward Performance-Based Elements - (Subscription Required)

June 27, 2016

Increased market volatility, pressure from shareholder activists and closer scrutiny from regulators and proxy advisors continue to contribute to the growing preference for performance-based components of executive pay. A new report by Equilar shows that stock award grants now represent a majority of pay in executive pay plans.

Examining compensation of CEOs of S&P 500 companies over the past five years, Equilar’s 2016 CEO Pay Trends report finds that total reported compensation in 2015 increased to $10.4 million at the median, from $8.9 million in 2011, the first year say-on-pay voting was conducted.


the-economist

Neither rigged nor fair

June 25, 2016

The notion that the market is efficient at setting executive pay rests on three arguments. The first is that competitive pressures are at work. Inside the firm, the “tournament theory” of pay holds that big awards high up a company are worthwhile because they motivate ambitious middle managers to take risks and put in the hours in order to climb the greasy pole to the top. And outside the firm, there are observable prices for the labour of senior executives, thanks largely to disclosures by listed firms. For example, the median pay level of an S&P 500 chief executive in 2015 was $10.4m, according to Equilar, a research firm, a rise of 1% over the 2014 figure. (In practice, executives do not benchmark themselves against pan-industry figures but against their peers.)


agenda

Final Pay-for-Performance Rule Chances 'Slim' This Year - (Subscription Required)

June 24, 2016

An obscure procedural rule may be standing in SEC chair Mary Jo White’s way when it comes to finalizing the pay-for-performance disclosure rule that was proposed in April 2015.

Speaking at the 2016 Equilar Summit on executive compensation, former SEC commissioner Daniel Gallagher suggested that the commission’s quorum rules may be preventing White from bringing a vote on the Dodd-Frank-mandated rule proposal.


new york times

How to Gauge a C.E.O.’s Value? Hint: It’s Not the Share Price

June 19, 2016

The most common performance metrics used by companies can be problematic. Total shareholder return, according to a recent study by Equilar, a compensation analysis firm in Redwood City, Calif., is the single most popular measure related to pay at big public companies. Companies love total shareholder return in part because it is easy to calculate. But a company’s stock can rocket even when its operations are being run into the ground. So basing pay on total shareholder return can encourage an executive to manage more for a company’s share price than for its overall health.


new york times

Golden Parachute Would Ease Dauman’s Exit From Viacom

June 18, 2016

Mr. Redstone, who controls 80 percent of Viacom through his National Amusements holding company, has been good to Mr. Dauman, who has received over $400 million in salary, bonuses, equity awards and other benefits in his nearly 10 years with the company, according to an analysis by Equilar


cnbc

CEO raises don't mean bigger shareholder returns

June 3, 2016

There's little evidence in the data that suggests a company's performance is connected to increases in the chief executive's pay. Explore the data below. The chart includes 164 CEOs studied by Equilar who had comparable compensation packages in 2014, and whose company has been public for a full fiscal year.


washington post

Why new studies tallying CEOs’ huge paydays look so stunningly different

June 1, 2016

Is CEO pay going up or down? Both. Or at least, it depends on how you look at it.

The results appear to be more logical than they seem at first glance -- and in a way, just what we might expect. One shows the steady escalation in pay at the largest companies -- a long-standing trend that seems unlikely to change as long as boards continue to set pay against CEOs' peers. The other shows some relative restraint at the most stratospheric levels, as investor activism and pressure perhaps start to hold back some of the most jaw-dropping numbers. "We saw fewer large awards," said Dan Marcec, the director of content for Equilar, in an interview explaining the reports' findings.


nytimes logo

Top C.E.O. Pay Fell—Yes, Fell—in 2015

May 27, 2016

After years of steady increases, the average compensation among the top executives in 2015 was down 15 percent from the 2014 figure of $22.6 million, according to the Equilar 200 Highest-Paid C.E.O. Rankings, conducted for The New York Times.

By other measures, too, chief executive compensation declined. Cash and stock awards, the main components of pay packages, fell last year.


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Where Women Are on Boards, Executive Pay is Higher

May 27, 2016

An analysis by Equilar last year found that among 100 large companies, those with greater gender diversity on their boards paid their chief executives about 15 percent more. The New York Times’  Gretchen Morgenson looks into why that might be the case in her weekly Fair Game column.


ap logo

CEO Pay in 2015: When a $468,449 Raise Is Typical

May 25, 2016

The Associated Press released its annual study of CEO pay featuring Equilar data and analysis. Other stories in the series included a look at female CEO pay, pay by industry sector, and for the first time ever, the highest-paid CEOs in each state.


USA TODAY

These CEOs still get millions in 'perks'

May 17, 2016

Big perk packages largely fell out of favor around 2011 when new regulation shined a bright light on everything companies were paying executives. "We rarely see perks over $1 million," says Dan Marcec, director of content at executive pay tracker Equilar. "When you do, you can venture to say they are unusual."


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Listed: The Highest Paid CEO-Chairs - (Subscription Required)

May 13, 2016

Combined CEO-chairs were paid about $1 million more than non-chair CEOs at the 100 largest companies by revenue that filed proxy statements by April 1, according to research by compensation data firm Equilar. Median pay for CEO-chairs was $14.6 million, while the median pay for non-chairs was $13.6 million.


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The median female CEO actually out-earned her male peer in 2015

May 9, 2016

Women at the 100 largest of those companies earned an average of $22.7 million, compared to $14.9 million for the men, according to an analysis released Friday by Equilar.


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BlackRock Faces Rebuke on Say-On-Pay Policy - (Subscription Required)

April 29, 2016

Comp committees need to consider how their metrics line up with their largest holders’ guidelines, says Belen Gomez, director of research at Equilar. “If the larger investors start voting more against, I do think it’s going to create a board environment more focused on the metrics and the voting guidelines of the investors.”


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Executive pay raise

April 25, 2016

The Equilar 100 report was featured on an episode of CNBC’s Nightly Business Report, including an interview with Dan Marcec, Equilar’s Director of Content.


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U.S. CEO pay set to rise despite volatile 2015 markets: Equilar

April 25, 2016

Executive data firm Equilar found in its study that among the 100 largest U.S. companies by revenue that had filed proxy statements covering 2015 as of April 1, median total compensation rose by 3 percent to $14.5 million.


the-economist logo

Pay dirt: Shareholders are partly responsible for the latest executive-pay brouhaha

April 23, 2016

Compensation committees claim to have forged a much tighter link between bosses’ pay and corporate performance. There is something to this. The percentage of S&P 500 firms tying pay to performance has jumped from 63% to 83% since 2011, according to Equilar, a research firm.


new_york_times logo

Tech Companies Face Greater Scrutiny for Paying Workers With Stock

April 17, 2016

Tech companies stand out as some of the most generous givers of shares to employees. While the median number of restricted shares granted at Standard & Poor’s 1500 companies to executives and employees in 2014 equaled 450,198 shares, tech companies granted a median 798,000 shares of restricted stock to workers, according to data from Equilar, a research firm that provides data on executives, boards and compensation.


wall_street_journal logo

Yahoo Modifies Change-in-Control Provision and Vesting

April 13, 2016

Ensuring that Ms. Mayer stands to reap a windfall from a sale gives her more incentive to work with the board on selling the company, said Dan Marcec, a spokesman for Equilar, a firm that tracks compensation. “Change-in-control provisions exist so that executives will make the decisions that are in the best interest of the company and not in protection of themselves,” Mr. Marcec said.


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U.S. lawsuit against activist ValueAct puts mutual funds on alert

April 12, 2016

A Reuters article on shareholder activism featured a chart with data from Equilar on the percentage of companies in the S&P 100 and S&P 500 who have specifically disclosed shareholder engagement in their annual proxy statements from 2011 to 2015.


bloomberg logo

Men Seeking Women for Boards Looking in All the Wrong Places

April 5, 2016

The pressure is growing, said Linda Chen, Equilar’s executive vice president of governance strategy. Equilar is streamlining its database of women executives to make it easier not only to find them but to search for shared connections so directors can look for people they know to vouch for nominees. “We are asking people to network outside of their own cozy networks,” she said. “It’s not a supply issue.”


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Lawsuits Spur Rethink of Director Pay Disclosures - (Subscription Required)

March 17, 2016

Matthew Goforth, a lead researcher in governance and compensation at Equilar, says a domino effect usually occurs when companies start making changes because of negative media attention or litigation at peer companies.

“Director compensation disclosure has been evolving similarly to executive compensation disclosure,” says Goforth, “from boilerplate language and summaries to tables, checklists and companies’ disclosing their overarching objectives.”


new_york_times_logo

The 11 Executives, Lawyers and Celebrities Overseeing Viacom

March 13, 2016

Viacom has had no shortage of strife in recent months. But the entertainment company’s annual meeting on Monday was an exception. The Viacom shareholders that hold voting stock in the company overwhelmingly voted to re-elect the company’s 11 directors.

Despite the turmoil at Viacom, it was inevitable that all the directors would keep their jobs — largely because the company is controlled by the mogul Sumner M. Redstone. Based on Equilar data, the Times compiled a look at the power brokers on Viacom’s board, the value of their ownership stake in the company and their relationship to Mr. Redstone.


financial_times_logo

Dow Chemical chief in line for $52m golden parachute - (Subscription Required)

March 4, 2016

Andrew Liveris, chief executive of Dow Chemical, is in line for a golden parachute worth an estimated $52.8m if he leaves the company as scheduled next year following its merger with DuPont. The payout to Mr Liveris would be one of the 15 largest in the US to chief executives leaving as a result of change of control in large companies over the past decade, according to Equilar, an executive data service.


financial_times_logo

Dow Chemical chief in line for $52m golden parachute - (Subscription Required)

March 4, 2016

Andrew Liveris, chief executive of Dow Chemical, is in line for a golden parachute worth an estimated $52.8m if he leaves the company as scheduled next year following its merger with DuPont. The payout to Mr Liveris would be one of the 15 largest in the US to chief executives leaving as a result of change of control in large companies over the past decade, according to Equilar, an executive data service.


washington_post_logo

How ‘pay for performance’ compensation really pays off — for companies at tax time

March 4, 2016

The most striking number involves salaries, the only one of today’s pay categories that is totally subject to the deductibility limit. Salaries shrank from 23 percent of compensation in 1992 to a mere 8.8 percent in 2014. The biggest growth area: performance-based restricted stock, which made up 40.5 percent of 2014 compensation. Restricted stock made up only 9.7 percent of compensation in 1992, and little of it was performance-based.

“The trend has been to make restricted shares pay-for-performance instead of just vesting over time,” said Dan Marcec, Equilar’s director of content. He said 83 percent of restricted share grants to chief executives of S&P 500 companies are now based partly or entirely on performance, up from 58 percent in 2010.


fortune_logo

This Year's Best Employers Have Focused on Fairness

March 3, 2016

We were curious whether other CEOs of the 100 Best Companies were more restrained than their peers in terms of compensation. So we asked Equilar, a firm that specializes in executive compensation research, to run the numbers. It compared CEO pay at the 37 publicly traded companies on this year’s list with CEO pay among the S&P 500. Equilar found that the median CEO pay at publicly traded 100 Best Companies was about 19% less than at the S&P 500 ($8.3 million vs. $10.3 million).

Obviously, reducing CEO pay by 19% will not solve income inequality. But you may find it worthwhile to look at all the ways these exemplary companies create more equitable workplace cultures within an increasingly unequal society. Maybe some of the practices you read about here can be part of the solution.


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As Company Disclosures Balloon, It’s Getting Easier To Bury Information

February 26, 2016

Regulations requiring companies to divulge more financial information to investors have contributed to lengthy filings that can make it harder for investors to identify important information.

The Compensation Discussion and Analysis portion of annual proxy statements are ballooning. The average length of a S&P 100 company’s CD&A proxy segment increased by 705 words in the last five years to 9,121 words in 2015, according to a study by Equilar Inc., an executive data provider. Last year’s largest CD&A proxy segment, at 19,288 words, was filed by Pfizer, Inc. Equilar said.


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Listed: Companies Issuing the Longest CD&As - (Subscription Required)

February 26, 2016

Regulations regarding executive pay are adding up, and it shows on financial statements, according to a new report from Equilar. Similarly, boards are feeling pressure from shareholders to disclose more information on comp since the passage of Dodd-Frank’s say-on-pay rule. The average word count in compensation discussion and analysis (CD&A) sections has grown 8.4% over the last five years for S&P 100 companies.

“With additional requirements in the wake of Dodd-Frank, the CD&A is likely to keep growing,” writes Matthew Goforth, research and content specialist at Equilar, in an e-mail. “Since say on pay, the CD&A’s readers have transformed from regulators to more vested constituents, such as proxy advisors, activist investors, large but mostly passive institutional investors and the public at large.”


wall_street_journal logo

Redstone Departure Shows Boardroom Age and Control Issues

February 12, 2016

Succession fireworks at CBS Corp. and Viacom Inc. pose a pointed question for corporate boards about mandatory retirement ages–and another separate but interlocking one about the undue power that controlling shareholders hold over boards.

Equilar data shows that there are just five directors over age 90 among S&P 500 companies. Forty five percent are between the age 61 and 70.The average age of directors in the S&P 1500 was 64 in 2014, according to Equilar.


bloomberg-gadfly

Google's $200 Million Man

February 8, 2016

These kinds of stock handouts based solely on tenure make Google an outlier in corporate America, which is starting to pay heed to complaints about executive paychecks that balloon even if management does a poor job for the owners of the company. About 83 percent of the CEOs of S&P 500 companies receive some type of stock pay that is tied to future performance such as share price or profits, according to compensation research firm Equilar.


bloomberg-business

The Most Elite, Stagnant Club for Old People: Corporate Boards

February 5, 2016

Even though Sumner Redstone isn't heading Viacom Inc. and CBS Corp. any more, you can still find him in a corporate club that's as elite as it is elderly: on the board of directors at Standard & Poor's 500 companies.

It's not that serving on a board for a long time is automatically bad, but it can raise questions about oversight. "It's a genuine concern for investors when they see a board with five directors and they've all been there 20 years," said Dan Marcec, director of content at Equilar, which put out a recent report on board tenure. "There are questions about whether these directors can really be independent and whether they are fulfilling their fiduciary duties."


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Tyson Foods Chairman Tops List on Compensation for Jet Travel

February 4, 2016

Tyson Foods Inc. Chairman John Tyson ranks first among Fortune 100 company officials for compensation for personal jet travel, highlighting his family’s grip on the meatpacking giant founded by his grandfather. Mr. Tyson, who last served as a Tyson Foods executive a decade ago, received the most aircraft-related compensation in each year from 2012 through 2014, according to data compiled by Equilar Inc., which researches executive pay.

Mr. Tyson’s total of $859,129 for private use of corporate aircraft in 2014—the most recent year for which Equilar compiled the statistics from proxy filings—was nearly 28% higher than that of Eric Schmidt, executive chairman of Google parent Alphabet Inc., who ranked second.


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8 CEO perks that will make you angry

January 28, 2016

This week, Equilar, a data provider that studies executive compensation and corporate governance, released a study of executive benefits and extras that examined some of the most common, and cushy, perks Fortune 100 executives (defined as the top-five highest paid execs at each company) get. While the number of executives receiving lucrative fringe benefits has fallen from 2011 (likely thanks to stricter reporting regulations, says Dan Marcec, the director of content for Equilar), plenty still get — in addition to their salaries and stock options — extras worth hundreds of thousands, even millions of dollars.


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Two-Person Committees Exist at Some Big Firms

January 27, 2016

On average, boards of S&P 500 businesses have at least four members on the compensation, governance and audit committees, according to research firm Equilar Inc. Some board committees are much larger. Thirteen of the board’s 15 people sit on the governance committee at Charles Schwab Corp., for instance.


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Battered gold miners mount charm offensive to sell executive pay

January 18, 2016

There is little correlation between CEO pay and a company's financial performance, measured by market capitalization, return on equity and other common metrics… at odds with wider trends tying pay to measures like shareholder returns. Last year, 69 percent of companies in the S&P 1500 linked compensation to performance, research firm Equilar said.


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Big CEO Pay Grab-Effects Beyond Greed!

January 15, 2016

By the end of the first week of January, the highest-paid CEOs had already made as much as their average workers will earn over 8 years. An analysis by Equilar, a consulting firm specializing in executive pay, found that on average, the 200 highest-paid CEOs make approximately $22.6 million a year, or almost $10,800 an hour, a 9.1% increase from the previous year. Meanwhile, the Census Bureau reports the average household earns approximately $53,000 a year.


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On Finance Talent, Valeant Board Enjoys an Embarrassment of Riches

January 7, 2016

Ironically, governance experts have bemoaned the dearth of financial expertise on corporate boards. For example, 42 Fortune 500 CFOs served on the boards of other Fortune 500 companies that are not their own, according to Equilar Inc., a data provider. And just 17 Fortune 500 CFOs in the 2015 ranking served on their own corporate boards, based on their 2015 proxies.


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Investor Demands, Cybersecurity and Talent to Define Board Agendas in 2016 - (Subscription Required)

December 30, 2015

Recent research examined the skill sets of directors at large companies as they face this expanding range of challenges. Equilar Inc., a compensation data firm, looked at S&P 500 company filings that contain a “skills matrix” for corporate directors. It found that 62.5% of directors had financial expertise, the most prevalent skill cited. The Equilar data showed 59.4% of directors were skilled in the industry of the company on whose board they sat and 46.9% of directors had international acumen.


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More CEOs are becoming like Warren Buffett

December 29, 2015

There aren't a lot of executives who can match his longevity, but more are catching up. Top bosses now stay at least six years on the job, according to an analysis by data firm Equilar for CNNMoney. A decade ago, CEOs typically spent five years at the helm of one of America's top 500 publicly traded companies. It might seem like a small increase, but it's a notable shift from the Great Recession and financial crisis when a lot of executives got fired. Those who survived -- or came on board in the new wave -- are keeping their posts.


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Boards Link Skills Matrix to Strategic Plan in Proxies - (Subscription Required)

December 21, 2015

Matthew Goforth, Equilar’s lead research analyst, says progressive companies have been seeking out additional ways to communicate information about board composition to investors in more digestible formats. In recent years some boards have raised the stakes, publishing the skills matrices that nominating and governance committees rely on internally.


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Women are out-earning men in corporate finance

December 18, 2015

Women may be badly outnumbered in the top ranks of corporate America, but at least they aren't underpaid. Compensation for female chief financial officers at S&P 500 companies last year outpaced that of their male counterparts, according to an analysis by executive compensation firm Equilar and the Associated Press. It follows a similar trend seen with female CEOs in recent years.


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Study Finds Director Pay Rising Sharply

December 9, 2015

It pays to sit on the board of an oil, mining or energy company. Directors in the basic materials sector of the Standard & Poor’s 500-stock index had the highest pay compared with directors of companies in other industries, according to a new study by Equilar, an executive compensation firm in Redwood City, Calif. Their median retainer last year was $275,000, a 23.6 percent increase from 2010. Over all, for companies in the S.&P. 500, director pay hit a new high of $233,600 last year, according to Equilar, up 16.8 percent from 2010.


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Marissa Mayer’s severance is worth $59 million — not $158 million

December 8, 2015

As of the close of markets on Friday, [Mayer's severance] was worth about $59.3 million in cash and stock, according to the research firm Equilar. Her much-reported potential severance payout of $157.9 million is derived from Yahoo’s share price on Dec. 31, 2014: $50.51. But since then, Yahoo’s value — and Mayer’s severance — has fallen dramatically. At the close of markets Tuesday, Yahoo was trading at $34.85. Another source of the shortfall is the Yahoo equity guaranteed to Mayer in her contract — some of which has already vested, according to Equilar’s Senior Research Analyst Courtney Yu.


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All-Male Comp Committees Pay CEOs Less - (Subscription Required)

November 20, 2015

The median pay for CEOs at companies with all-male compensation committees was lower than at those with mixed-gender comp committees, according to numbers provided to Agenda by executive compensation data firm Equilar. According to the data, the median CEO total direct compensation for companies in the S&P 500 with all-male comp committees was $10.7 million. The median CEO total direct compensation for companies with mixed-gender comp committees was $11.8 million.


USA TODAY

More women on tech boards, but industry lags

November 18, 2015

"Diversity on boards isn't just about checking a box. The fact that nearly every company in the S&P 500 has at least one woman on their boards but less than one in five directors are women means that there are a lot of boards out there that view diversity as a 'one and done' type of situation," said Dan Marcec, director of content for Equilar.


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How Much to Pay a Director? There’s No Clear Answer

November 10, 2015

The battle raging over executive compensation is continuing as the average pay package for a chief executive of a Standard & Poor’s 500 company last year rose to $12.2 million, and the median was $10.3 million, according to Equilar. In contrast, director pay is peanuts, really. According to Equilar, the median pay of directors was $233,600 in 2014, up about 17 percent since 2010. That is still a nice piece of change for the common worker, but nothing compared with a C.E.O.’s pay.


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Activist stampede pushes board directors into shareholders' arms

November 8, 2015

The threat of shareholder activism, combined with a board's increasing accountability to investors, new pay regulations and a host of other factors has added to the complexity of the director role, said Equilar director Dan Marcec.


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GC Role Now One of Leadership

November 3, 2015

An Equilar report of GC pay released in October found that GCs who report directly to the chief executive officer are paid more than GCs who don't. The Equilar report also found that GC pay aligns with corporate revenue and that companies with revenues of more than $15 billion paid their GCs the most overall. GCs from such large companies earned median pay of $2.4 million, while GCs at companies with revenues of between $5 billion to $15 billion earned median pay of about $1.6 million, the report found.


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The Most Boarded Fortune 500 Directors - (Subscription Required)

October 30, 2015

The topic of overboarding is being examined by institutional investors, with some saying they will vote against directors and active executives who hold too many board positions. Data compiled by Equilar for Agenda shows that 21 directors in the Fortune 500 sit on four or more Fortune 500 boards. However, just two directors — Edward Liddy and Patricia Russo — sit on five boards. No directors hold six or more directorships.


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Top-Paid Women Executives

October 29, 2015


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Twitter's 3Q report illustrates challenges facing new CEO

October 27, 2015

Dorsey also has signaled his resolve to make Twitter profitable by laying off 336 employees, or 8 percent of the company's workforce, earlier this month. This is Dorsey's second stint as Twitter's CEO. The company ousted him in 2008 after concluding he wasn't the best person to run Twitter as the service matured. He is among a group of 69 CEOs at publicly held companies in their second tenure on the job, according to the research firm Equilar...


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The Big Number: 96%

October 27, 2015

Call it peer pressure. As of last year, nearly 96% of S&P 500 companies identified the corporate peers they used as a benchmark for their executive- pay packages, according to a recent study by compensation-research firm Equilar Inc. The proportion has risen steadily since at least 2010, when it was 91%....


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For Joseph Tucci, a Deal to Cement His Legacy, and Cash Out Big

October 12, 2015

For Mr. Tucci, this transaction was more about being a battle-tested dealmaker than his payday. Mr. Tucci agreed to stay as EMC chairman and chief executive until the transaction was completed, according to a statement on Monday. After that, when he leaves, he will be owed $27.2 million by EMC, according to data compiled by Equilar, an executive compensation research firm. Had he willingly retired — as he said he would do in 2012, 2013 and earlier this year — Mr. Tucci would have received a mere $123,636, the data showed....


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Digital Tool Aims for Better Board Composition - (Subscription Required)

September 28, 2015

Equilar has rolled out a digital platform designed to help benchmark the makeup of boards and find potential candidates to fill any gaps, at a time of growing attention around board composition.

The data provider’s new BoardEdge tool allows for peer group comparisons across such board characteristics as age, tenure, gender, share ownership and industry experience. Users can also search BoardEdge for potential director candidates who meet various criteria. Plus, the tool shows LinkedIn-like connections between board prospects and a company.


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This is how much the 10 highest-paid Most Powerful Women made last year

September 22, 2015

While women across America continue to face a gender wage gap, there is one group of female executives that seems to be doing rather well in the pay department: the execs of Fortune’s 2015 Most Powerful Women list.

A note on our data, which is provided by Equilar: All compensation numbers include annual salary, of course, but also bonuses, stock and option awards, as well as any other compensation, such as use of the company plane. The only executives includes in the data set are women on Fortune’s 2015 Most Powerful Women list.


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Safety Suffers as Stock Options Propel Executive Pay Packages

September 11, 2015

Outsize executive pay packages have frequently been a flash point for stock market investors. Among publicly traded corporations over all, stock option grants as a percentage of total pay had declined recently, but stock options remain popular. Data compiled by Equilar, an executive compensation analytics firm in Redwood City, Calif., shows that among the companies in the Standard & Poor’s 500-stock index, option grants totaled 16.1 percent of direct pay for chief executives in 2014. In 2010, that figure was 20.1 percent...


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Companies Continue to Tilt Away From Options in Comp Packages

August 26, 2015

Stock options are disappearing from executive compensation packages, according to a new report. The median number of restricted stock awards granted by S&P 1500 companies has risen almost 21% between 2010 and 2014, according to compensation-research firm Equilar Inc...


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It Pays to Be in the S&P 500

August 12, 2015

Chief executives outside of the S&P 500 tend to leave as much as $5 million or more in compensation on the table.That’s the finding from a study released last week by compensation-research provider Equilar Inc. Median CEO compensation among the S&P 500 for those companies’ most recent fiscal years rose 2% to $10.3 million. Among the broader S&P 1500, median compensation was $5.3 million...


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What the Boss Makes: CEO pay getting more ire from shareholders

July 31, 2015

John Hammergren no longer has a company chauffeur to drive him around. Which is not to say he's hurting: He earned $25 million running pharmaceutical distributor McKesson last year, making him the sixth-highest paid CEO in the Bay Area. But his annual pay package has declined steadily in recent years, according to What the Boss Makes, the annual Equilar Silicon Valley CEO Pay Study conducted for the Bay Area News Group, and his parachute is not as golden as the record-breaking deal his board once promised. Shareholders insisted on scaling back...


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The real reason to worry about obscenely high executive pay

July 17, 2015

Since 2007, the Securities and Exchange Commission has required publicly traded companies to report the total compensation of their top five executives for the previous year. Information provided by Equilar [shows that] median pay for executives has risen 67%. In contrast, the average weekly earnings for U.S. workers have risen only 17%…


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Bank chief executives’ pay 2009-2014 - (Subscription Required)

July 1, 2015

"Bank chief executives’ pay has rarely been out of the news in the six years that Equilar and the Financial Times have been publishing this annual analysis. While the pay of almost all the bank bosses in the study increased in 2014, it remains well below pre-crisis levels and is likely to remain so...”


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Media heads rule ranks of best-paid CEOs

May 26, 2015

They're not Hollywood stars, they're not TV personalities and they don't play in a rock band, but their pay packages are in the same league...


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For the Highest-Paid C.E.O.s, the Party Goes On

May 16, 2015

2015 Equilar 200 Highest Paid CEOs


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For American women, it's been a very slow, tough road to the boardroom

May 14, 2015

While there has been progress appointing women directors to U.S. corporate boardrooms, the pace of change is incredibly slow...


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American Airlines CEO to Be Paid Entirely in Company Stock

April 22, 2015

The CEO of American Airlines received compensation valued at $12.3 million last year and will stop...


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Billionaire CEO Paychecks 2014

April 21, 2015

The data included here was compiled by executive compensation firm Equilar for the New York Times.


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Best paid CEOs

April 13, 2015

CNBC's Mary Thompson shares who the highest paid CEOs are.


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CEOs Just Can't Let Go of the Company Jet for Personal Use – Even When They Should

March 23, 2015

CEO Jeff Immelt racked up a $395,237 bill for personal use of the corporate...


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Even the Experts Are Frustrated: Stanford Research Finds Shareholders Dissatisfied with CEO Pay Disclosure

February 16, 2015

Even the Experts Are Frustrated: Stanford Research Finds Shareholders ...


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Paying the Boss: Compensation Rises — as Does Performance Expectations - Workforce Management

February 11, 2015

Paying the Boss: Compensation Rises — as Does Performance Expectations Workforce Management At Standard & Poor's 500 ...


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Office Depot CEO could walk with $39 million after merger - Sun Sentinel

February 10, 2015

Sun SentinelOffice Depot CEO could walk with $39 million after mergerSun SentinelSmith, 60, would leave with a $7 million ...


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Apple CEO Tim Cook earned a modest $9.2 million in fiscal 2014 - VentureBeat

January 22, 2015

Apple CEO Tim Cook earned a modest $9.2 million in fiscal 2014VentureBeatHis 2014 earnings, taken alone, would put ...




Media Inquiries

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press@equilar.com



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Just How Much Do the Top Private Equity Earners Make?

December 10, 2016

Equilar and The New York Times conducted a joint study and found private equity executives have amassed some of the greatest fortunes of the modern era.





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