8chan/8kun QResearch Posts (2)
#13793360 at 2021-05-30 18:51:43 (UTC+1)
Q Research General #17461: Ghost Bake, Are We There Yet?
The pandemic pays: Top CEOs now earn $12.7m on average after receiving 5% median pay rise despite the pandemic ravaging their firms' profits and tanking the economy
CEOs saw their compensation packages rocket by an average of five per cent last year even as COVID-19 ravaged the US economy.
Although many chief executives saw their base salaries cut, they were handed stock options which ended up swelling their total compensation beyond what they'd have received had coronavirus not battered the US economy.
Among the most eye-catching pay rises was that given to Carnival cruise lines CEO Arnold Donald. His total pay soared by $13.3 million in 2020 - up 19 per cent from 2019 - after he was handed $5.2 million in stock options to encourage him to stay with the firm.
The value of those options could rise or fall, experts say, although cruise lines are expecting a bumper summer amid predictions of a vacation-booking bonanza by COVID-weary Americans.
Donald enjoyed the bumper pay boost despite Carnival sinking to a $10.2 billion loss for the fiscal year, as COVID-19 halted sailings, with cruise lines including Carnival yet to resume sailings.
The CEO takes home 302 times more a year than the average Carnival worker, whose salary sits at $44,000.
The median pay package for a CEO at an S&P 500 company hit $12.7 million in 2020, according to data analyzed by Equilar for The Associated Press.
Since median pay symbolizes the middle pay package, that means half the CEOs in the survey made more, and half made less.
It's 5 percent more than the median pay for that same group of CEOs in 2019 and an acceleration from the 4.1 percent climb in last year's survey.
Chipotle Mexican Grill CEO Brian Niccol earned $38 million in 2020, up 137.5 percent from the $16 million he earned last year. His base salary rose from $1.2 million in 2019 to $1.24 million in 2020.
Niccol was handed $14.8 million in bonuses and incentives due to the healthy fast food chain's 'stellar' performance during COVID, with takeout one of the few pleasures still available to Americans while most of the economy was shuttered. The median employee pay at Chipotle is $13,127, meaning Niccol earns 2,989 times more annually than the average worker at his firm.
Lowe's CEO Marvin Ellison earned $23 million in 2020, up 98 percent from the $11.62 million he earned last year. His base salary was $1.5 million. Almost 60 per cent of Ellison's pay package was comprised of stock options for the retailer, valued at $14 million. Ellison received a further $5.8 million as part of a 'non-incentive equity plan' offered by the Lowe's board. The median employee pay at Lowe's is $24,554, meaning the CEO to average worker pay ratio is 940 to 1.
http://www.madnesshub.com/2021/05/the-pandemic-pays-top-ceos-now-earn.html
#12870503 at 2021-02-09 18:45:49 (UTC+1)
Q Research General #16428: The Stage Is Set Edition
Third Stimulus Package Update: Top CEOs Meeting With Joe Biden, Janet Yellen
President Joe Biden and Treasury Secretary Janet Yellen will meet Tuesday with chief executives of some of the nation's largest companies to discuss the $1.9 trillion stimulus package.
No agenda for the meeting has been disclosed by the White House. Expected to attend are Jamie Dimon of JPMorgan, Doug McMillon of Walmart, Sonia Syngal of Gap, Marvin Ellison of Lowe's and U.S. Chamber of Commerce head Tom Donohue.
The meeting is prefaced by a January jobs report published last week. Only 49,000 jobs were added to the economy in January, while the unemployment rate fell from 6.7% in December to 6.3%. That rate includes 406,000 people who left the labor force.
Business leaders are reportedly supportive of the Biden plan and are not in favor of efforts by Republican lawmakers to reduce the size of the package.
"What our members are saying is they are supporting what the Biden administration is saying about the urgency of providing the rescue that's needed," Josh Bolten, president and CEO of Business Roundtable, said Wednesday. "First get the pandemic under control and second, support the most vulnerable through tough economic times. We are for whittling up on those elements of it."
House Democrats on Tuesday settled the debate over income thresholds for what would be the third round of direct stimulus payments, keeping the limits where they had been for the previous payments: $75,000 for individuals and $150,000 for married couples.
https://www.ibtimes.com/third-stimulus-package-update-top-ceos-meeting-joe-biden-janet-yellen-3141468