Tag: Executive Compensation

When Bosses Shared Their Profits

After the bruising crises we’re now going through, it would be wonderful if we could somehow emerge a fairer nation. One possibility is to revive an old idea: sharing the profits. The original idea for businesses to share profits with workers emerged from the tumultuous period when America shifted from farm to factory. In December […]

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These Companies Gave Their C.E.O.s Millions, Just Before Bankruptcy

The coronavirus recession is pushing many companies into bankruptcy, a painful process that has led to layoffs, wiped out some investors and hurt the economy. But the chief executives of some of these businesses are doing just fine. Companies that are struggling to pay creditors and suppliers are managing to find millions of dollars to […]

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Hospitals Got Bailouts and Furloughed Thousands While Paying C.E.O.s Millions

HCA Healthcare is one of the world’s wealthiest hospital chains. It earned more than $7 billion in profits over the past two years. It is worth $36 billion. It paid its chief executive $26 million in 2019. But as the coronavirus swept the country, employees at HCA repeatedly complained that the company was not providing […]

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Rare Stock Tweak During Pandemic Adds Millions to a C.E.O.’s Potential Payout

Raytheon Technologies, one of the country’s biggest defense contractors, recently cut salaries for thousands of employees as the pandemic crimped business. Around the same time, it also quietly made a change to the pay package of its chief executive, Gregory J. Hayes, that could increase his future income by millions of dollars. Last Friday, after […]

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The Reopening, in 5 Charts

Want this in your inbox each morning? Sign up here. America is getting back to business As more states ease lockdown orders, Americans are starting to eat out, book flights and buy houses again. The return of these activities, mirrored in other countries, is stoking optimism in the markets. People are moving again, as measured […]

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Pay Cuts Become a Tool for Some Companies to Avoid Layoffs

It was late and Martin A. Kits van Heyningen feared he was letting the team down at the company he co-founded, KVH Industries. Rather than lay off workers in response to the coronavirus pandemic, he had decided to cut salaries, and when he emailed a video explaining his decision at 3 a.m. last month, he […]

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Loeffler Got Lucrative Parting Gift From Public Company en Route to the Senate

When Kelly Loeffler accepted an appointment to be a United States senator from Georgia, she left behind a high-paying job as a senior executive at the parent company of the New York Stock Exchange. But on her way to Washington, her old employer gave her a lucrative parting gift. Ms. Loeffler, who was appointed to […]

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Large, Troubled Companies Got Bailout Money in Small-Business Loan Program

A company in Georgia paid $6.5 million to resolve a Justice Department investigation — and, two weeks later, received a $10 million federally backed loan to help it survive the coronavirus crisis. Another company, AutoWeb, disclosed last week that it had paid its chief executive $1.7 million in 2019 — a week after it received […]

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Rupert Murdoch, His Son Lachlan and Other Fox Executives Will Take Pay Cuts

Rupert Murdoch’s Fox Corporation, the owner of Fox News and the Fox television network, announced pay cuts to its executive ranks that will affect 700 employees as it worked to mitigate the effects of the coronavirus outbreak. The Fox Corporation chief executive Lachlan Murdoch, the elder son of Rupert, made the announcement in a memo […]

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NPR Cuts Executive Pay as Corporate Sponsors’ Payments Fall

National Public Radio, the purveyor of “Morning Edition,” “All Things Considered” and “Planet Money,” is cutting executives’ pay to combat the effects of the economic collapse brought on by the coronavirus pandemic. The radio and podcasting giant does not run traditional advertisements, but nearly one-third of its revenue has come from corporate sponsors like Angie’s […]

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Big Business Pledged Gentler Capitalism. It’s Not Happening in a Pandemic.

Last August, the chief executives of 181 of America’s largest corporations signed a document pledging their commitment to run their companies for the benefit of workers and communities, and not just for shareholders. Some pundits celebrated the statement from the Business Roundtable as a historical milestone, the moment when corporate executives demonstrated sensitivity to public […]

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Condé Nast to Seek Pay Cuts and Government Assistance

Condé Nast, the most glittering of all the glossy magazine publishers, is the latest media casualty of the coronavirus pandemic. On Monday morning, the publisher of Vogue, Vanity Fair, The New Yorker and Architectural Digest, sent a memo to its 6,000 employees around the world from its chief executive, Roger Lynch, outlining pay cuts for […]

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Are We Really Facing the Coronavirus Together?

.inequality-seriestext { font-size: 18px; font-family: nyt-imperial; font-style: italic; line-height: 1.5; text-align: center; border-top: 1px solid #ddd; border-bottom: 1px solid #ddd; padding: 25px 15px; max-width: 600px; margin: 0 auto; box-sizing: border-box; margin-bottom: 25px; } .inequality-seriestext a:link, .inequality-seriestext a:visited { color: #326891; text-decoration: underline; } This article is part of “The America We Need,” a Times Opinion […]

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News Media Outlets Have Been Ravaged by the Pandemic

The news media business was shaky before the coronavirus started spreading across the country last month. Since then, the economic downturn that put nearly 17 million Americans out of work has led to pay cuts, layoffs and shutdowns at many news outlets, including weeklies like Seven Days in Burlington, Vt., and Gannett, the nation’s largest […]

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Coronavirus relief bill: What it means for business

The $2 trillion coronavirus rescue package that the Senate passed on Wednesday will fundamentally transform the U.S. government by placing thousands of businesses and millions of workers on federally funded life support. The government will pay the wages of some workers who remain on their companies’ payrolls. It will sustain other workers who have lost […]

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Jack Welch, G.E. Chief Who Became a Business Superstar, Dies at 84

John F. Welch Jr., known as Jack, who led General Electric through two decades of extraordinary corporate prosperity and became the most influential business manager of his generation, has died. He was 84. The cause was renal failure, his wife, Suzy Welch, said. Combative and blunt, Mr. Welch became the chief executive of General Electric […]

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Tesla Value Hits $100 Billion. Will Elon Musk Get a Big Bonus?

Tesla’s share price hit a record high on Wednesday, surpassing a threshold that could ultimately unlock hundreds of millions of dollars in bonus compensation for its chief executive, Elon Musk. The award is contingent on a $100 billion market capitalization for Tesla — the milestone reached Wednesday — over a sustained period. In afternoon trading, […]

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