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Companies Adjust Executive Pay Amid COVID-19

April 1, 2020

The landscape of the world has been significantly impacted by the outbreak of the coronavirus (COVID-19) in a matter of weeks. On Friday, The Wall Street Journal reported that President Trump declared a national emergency to combat the spread of the disease.

Board Committees: With Great Responsibility Comes Great Compensation

April 2, 2020

The height of shareholder activism campaigns grew to a record high in 2015 when the number grew to approximately 400 during the year.

Say on Pay: How the Major Funds Vote

March 23, 2020

As companies prepare for the 2020 proxy season, Equilar is revisiting the Say on Pay voting trends of the last five years. Over 75% of companies pass Say on Pay each year with more than 90% support and more than 97% of companies pass overall.

Gary Heminger Realized Over $102 Million as Marathon Petroleum CEO

March 20, 2020

Marathon Petroleum Corporation announced the retirement of Chief Executive Officer Gary R. Heminger, effective March 17, 2020. Mr. Heminger has been CEO since June 30, 2011. From 2011 to 2019, Mr. Heminger realized $102,582,379 in total compensation.

New ISS Policy Could Impact Director Compensation

March 11, 2020

Proxy advisory firms continue to have an influence on proxy voting outcomes. Typically, companies will take notice when proxy advisory firms release their annual voting guidelines. According to ISS’ 2020 proxy voting guidelines, the firm will recommend a negative vote against directors responsible for setting excessive non-employee director compensation for two or more years.

Preparing for Proxy Season: Telling Your Best Story

March 6, 2020

As proxy season approaches, companies are preparing to draft and organize their proxy disclosures. A document originally mandated by the SEC, proxy statements—or DEF 14As— have grown to become a tool with which companies can use to educate and interact with investors.

Equilar Diversity Network Members Join New Public Company Boards

March 6, 2020

As part of an ongoing effort to promote diversity in America’s boardrooms, Equilar launched the Equilar Diversity Network (EDN) in 2016. A feature of the Equilar BoardEdge database, EDN is a consortium of leading diversity-focused organizations consolidating robust registries of board-ready executives.

Bob Iger Has Realized More Than $678 Million at Disney

February 27, 2020

Disney announced the transition of Chairman and Chief Executive Officer Robert Iger to Executive Chairman of the Board, effective February 24, 2020. Mr. Iger has been CEO since October 2, 2005. From 2005 to 2019, Mr. Iger realized $678,545,418 in total compensation.

Mastercard CEO Ajay Banga Has Realized Nearly $200 Million

February 27, 2020

Mastercard announced the transition of President and CEO Ajay Banga to Executive Chairman of the Board, effective January 1, 2021. Mr. Banga has been CEO since July 2010. From 2010-2018, Banga realized $199,587,928 in total compensation.

The Effects of Proposed Changes to Exchange Act Rule 14a-8

February 26, 2020

On November 5, 2019, the SEC proposed amendments to update the procedural requirements and resubmission thresholds under Exchange Act Rule 14a-8.

MGM Resort’s James Murren Realized Over $160 Million as CEO

February 21, 2020

MGM Resorts announced the transition of Chairman and CEO James Murren to Senior Advisor, effective upon the appointment of his successor. Mr. Murren has been CEO since December 2008. From 2008-2018, Murren realized $160,157,305 in total compensation.

Corporate Governance Outlook: The Top Issues of 2020

February 19, 2020

In anticipation of the upcoming proxy season, public companies will review their current governance practices and look to leverage their annual proxy as a vehicle for greater shareholder transparency.

T-Mobile’s John Legere Set to Receive $115 Million as Part of Merger

February 12, 2020

As mentioned in a recent Wall Street Journal article, departing T-Mobile CEO John Legere is expected to receive over $111 million as part of the T-Mobile and Sprint merger.

The Youngest U.S. Public Company CEOs

February 10, 2020

On average, it takes decades of experience to develop the skills and build the resume necessary to become a legitimate chief executive officer (CEO) candidate.

Equilar CEO Tracker: Q4 2019 Update

February 03, 2020

Equilar 500 companies announced 78 CEO departures in 2019. This compares to a total of 80 CEO departures in all of 2018. 70 of the 78 CEOs departed within the year while the remaining eight are expected to leave in 2020.

IBM CEO Rometty Realized Over $144 Million During Tenure

January 31, 2020

International Business Machines Corp. (IBM) announced the transition of Virginia (Ginni) Rometty, President, CEO and Chairman of the Board of Directors effective April 6, 2020.

The Impact of Pay Ratio Tax Plans

January 16, 2020

Moving into the 2020 election cycle, a popular topic of conversation within political spheres is the wealth disparity between rich and poor Americans.

Dissecting the CEO Pay Ratio by Sector

January 9, 2020

In the past few years, the CEO pay ratio has emerged as a major talking point in corporate governance conversations. During the 2018 proxy season, companies with a fiscal year beginning on or after January 1, 2017 were required to report their pay ratio between CEOs and median workers in proxy statements for the first time.

Board Members Under 40: Can Young Directors Shift Corporate Priorities?

December 9, 2019

As companies grapple with increased scrutiny in the world of corporate governance, many boards are attempting to recruit a diverse set of directors to their ranks.

New Alphabet CEO Sundar Pichai Realized Over $878 Million Since 2015

December 6, 2019

Alphabet announced the resignation of CEO Larry Page, effective 12/3/2019. Mr. Page has been CEO since April 4, 2011. He will continue to serve on the Company's Board of Directors.

Equilar CEO Tracker: Q3 2019 Update

November 20, 2019

Equilar 500 companies have announced 59 CEO departures through the third quarter of 2019. This compares to a total of 80 CEO departures in all of 2018. 48 of the 59 CEOs departed by the third quarter with the other 11 expected to leave later this year.

T-Mobile CEO John Legere Has Earned Over $182 Million During Tenure

November 18, 2019

T-Mobile announced the resignation of current CEO, John Legere, effective April 30, 2020. Mr. Legere has been CEO since April 30, 2013. From 2013-2018, Legere realized $182,348,005 in total compensation.

Abbott Laboratories CEO Miles White Earned Over $305 Million

November 15, 2019

Abbott Laboratories announced the transition of CEO and Chairman Miles D. White to Executive Chairman, effective March 31, 2020.

Stephen Easterbrook Realized Over $61 Million as McDonalds CEO

November 6, 2019

As reported by the Wall Street Journal, McDonald's Corporation announced the termination of Stephen Easterbrook, President, CEO and Member of the Board of Directors effective November 1, 2019.

The Highest-Paid General Counsel

November 5, 2019

Historically, the role of General Counsel has been to ensure that all corporate activities are in compliance with laws and regulations. As the top legal officer of the corporation, General Counsel oversee litigation and enforce corporate compliance.

Performance Metrics: Accelerating the Stakeholder Model

November 5, 2019

On August 19, the Business Roundtable made waves in the corporate governance community by publishing its Statement on the Purpose of a Corporation. By shifting away from a model that emphasizes shareholder return over all other considerations, the Business Roundtable asserted that companies should embrace the “Stakeholder Model,” meaning that corporations should balance the needs of all stakeholders in a business: shareholders, employees, customers and the communities in which a business operates.

NIKE CEO Mark Parker Earned Over $371 Million During Tenure

October 28, 2019

NIKE, Inc. announced the transition of Mark G. Parker, President, CEO and Chairman to Executive Chairman effective January 13, 2020. Mr. Parker has been CEO of NIKE, Inc. since January 20, 2006. He previously served as President of the NIKE brand since 2001. From 2006-2019, Parker realized $371,451,753 in total compensation.

The Effects of Say on Pay Failures

October 7, 2019

Eight years following the introduction of Say on Pay in 2011, shareholder voices are more pronounced than ever when it comes to executive compensation.

Former DXC Technology CEO Earned Over $176 Million During Tenure

October 3, 2019

DXC Technology Company announced the transition of J. Michael Lawrie, Chairman, President and CEO, effective September 12, 2019.

Dissecting CEO Pay Mix Across Sectors

September 27, 2019

CEOs of public companies in 2018 America were, for the most part, all compensated similarly. . That is not to say that they were paid at the same level— there was still a large disparity between the highest-paid CEOs and the rest.

Understanding Option Values in Realizable Pay Calculations

September 13, 2019

Realizable pay is often cited in the governance community as an excellent gauge of pay for performance alignment. Ideally, if a company is performing well, realizable pay will be greater than disclosed pay. And if a company is performing poorly, realizable pay will be lower than disclosed pay.

The Highest-Paid CEO by U.S. State in 2018

July 31, 2019

Since the passage of Say on Pay in 2010, CEO compensation has been under the public eye and shareholder attention like never before.

Equilar CEO Tracker: Q2 2019 Update

July 23, 2019

Equilar 500 companies have announced 42 CEO departures in 2019. This compares to a total of 80 CEO departures in all of 2018.

DTE Energy CEO Realized More Than $120 Million During Tenure

June 24, 2019

DTE Energy Company announced the transition of CEO and Chairman Gerard M. Anderson to Executive Chairman, effective July 1, 2019.

How Do Recent IPOs Fare on Boardroom Diversity?

June 11, 2019

A new Equilar study revealed that the average representation of women on boards at 161 companies that went public in 2018 was 13.6%—an increase from 11.4% representation from IPOs in 2017.

LabCorp CEO Has Earned Over $170 Million During Tenure

June 6, 2019

LabCorp announced that CEO David King will retire in October 2019. According to an Equilar analysis, King earned over $170 million during his tenure and is the 32nd CEO departure of 2019.

Steven Temares Earned Over $170 Million as Bed Bath & Beyond CEO

April 13, 2019

Bed Bath & Beyond announced the resignation of Chief Executive Officer Steven Temares, effective immediately, according to The Wall Street Journal.

Equilar CEO Tracker: Q1 2019 Update

April 10, 2019

The Equilar CEO Tracker is a quarterly update that uncovers transition information as well as lifetime compensation figures for CEOs departing Equilar 500 companies...

Stop Talking About a Board Refresh and Make It Happen—Like Forrester

April 3, 2019

The business world looks almost nothing like it did a decade ago. Every business is digital. Businesses today exist without walls and without borders...

Equilar and CalPERS Collaborate on Exclusive Five-Year P4P Analysis

April 3, 2019

Equilar in collaboration with CalPERS has introduced an exclusive custom five-year quantitative analysis that compares total CEO realizable pay and total stock performance relative to a company’s peers...

Wells Fargo CEO Tim Sloan Made Over $150 Million

March 28, 2019

Wells Fargo announced the resignation of Chief Executive Officer and President, Timothy Sloan, effective immediately...

Shell to Link Executive Compensation to Carbon Emission Targets

March 25, 2019

Royal Dutch Shell announced in December that following its shareholder meeting, it would begin linking compensation for executives to carbon emission targets...

Shareholder Proposals: Making Voices Heard

February 15, 2019

The financial crisis of 2008 forced the realization that the consequences of violating basic economic principles, identified by George Schultz as a lack of accountability, lack of trust, and incompetence, could no longer be ignored...

Colgate-Palmolive and C.H. Robinson Announce CEO Departures

February 12, 2019

On February 11th, both Colgate-Palmolive and C.H. Robinson announced that their current CEOs—Ian Cook and John Wiehoff, respectively...

Cognizant CEO Realized Nearly $200 Million During Tenure

February 08, 2019

Cognizant Technology Solutions Corporation (CTSH) recently announced that Francisco D’Souza would be stepping down as Chief Executive Officer...

Understanding CEO Compensation in Relation to Say on Pay

February 04, 2019

In response to the 2008 financial crisis, U.S. legislation was passed in the form of the Dodd-Frank Act to bring some changes in the corporate environment....

Industry Stands Out as the Most Popular Peer Group Criterion

January 21, 2019

Regarding the process of benchmarking executive compensation, the SEC has detailed requirements for companies to disclose their peer group companies with appropriate justification...

PG&E CEO Resigns Amidst Wildfire as Bankruptcy Looms

January 16, 2019

Geisha Williams has stepped down as CEO of PG&E amidst wildfire and looming bankruptcy....

Gender Diversity in Boardrooms, by U.S. Region

January 15, 2019

Under SB-826, California became the first state to pass legislation to require that publicly traded companies have at least one woman on their board...

CEO Pay Trends Around the Globe

December 21, 2018

Since the passage of Say on Pay under the Dodd-Frank Act in July 2010, greater attention has been paid to executive compensation in an effort to bring transparency and oversight to the total compensation of executives of U.S. public companies...

Boardrooms Without Female Representation

December 3, 2018

A new Equilar study examined the prevalence of all male boards in the Russell 3000 index. The study revealed that since 2000, 344 companies have not had a female on their board...

How Prevalent Are CFOs on Public Boards?

November 19, 2018

A large part of corporate governance is ensuring that management and shareholders are kept abreast of the financial decisions of the company...

The Effects of CEO Ownership on Shareholder Return

October 22, 2018

As Amazon and Apple hit the $1 trillion valuation mark, there has been some speculation as to which company will be next...

Moonves Earned Over $1 Billion at CBS Since 2006

October 1, 2018

CBS recently announced that Leslie Moonves would be stepping down as Chief Executive Officer and as a director of the company effective immediately...

How Common is a Female CEO-CFO Duo?

September 21, 2018

General Motors (GM) recently appointed Dhivya Suryadevara as its Chief Financial Officer, effective September 1st. The news made many headlines because...

Shedding Light on Diversity-Based Shareholder Proposals

September 21, 2018

Environmental, social and governance (ESG) proposals voice shareholder concerns about topics including, but not limited to, climate change disclosure, lobbying and political campaign...

Intuit CEO Has Earned Over $171 Million During 11-Year Tenure

September 11, 2018

Last week, Intuit announced that its Chief Executive Officer , Brad Smith, will resign after 11 years at the helm of the company on January 1, 2019, according to the company's latest press release...

Agenda Features BoardEdge as Leading Board Recruiting Solution

August 28, 2018

Access to reliable, accurate data that explains how executives and board members are connected...

Making the Transition From CFO to CEO

August 22, 2018

For companies with an established pattern of growth, the SEC requires the position of chief financial officer (CFO) to be disclosed as a top five executive...

Netflix CFO Has Received More Than $23 Million During Tenure

August 14, 2018

Netflix CFO David Wells announced on Monday that he would be stepping down once the company announces his successor, as reported by CNBC...

Gender Quotas in California Boardrooms May Pave Way for Diversity

August 14, 2018

By August 31, 2018, California could become the first state in the nation to mandate publicly held companies that base their operations...

Pepsi Names Nooyi's Successor in Latest Planned CEO Departure

August 13, 2018

Last week, Pepsi announced CEO Indra Nooyi will step down from the chief executive post following 12 years of service, CNBC reported...

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