The sky-high pay of American CEOs often feels invincible. The New York Times recently walked readers through how Elon Musk’s “landmark” compensation plan, which linked his pay to ambitious Tesla profit targets, has so far not only given him nearly $60 billion, but also spawned copycat pay packages that have made other CEOs richer, further widening the gap with workers...
It’s lonely at the top. Or at least it can be. As a first-time CEO the biggest adjustment for me is knowing that I’m now where the buck stops. I’ve held other C-suite roles before this in which I’ve advised, made recommendations, but there was always someone else making the final call. Now that’s on me...
When I was starting Farmer’s Fridge, building a board of directors was last on my list of things to do. As we pursued our mission to make fresh healthy food as accessible as a candy bar, I was dealing with more urgent tasks like staffing, generating revenue, and making salads...
Tucked into Citigroup’s 2022 proxy statement, released ahead of its annual shareholder meeting in April, was a list of measures the company implemented over the past year to attract and retain employees: pay equity initiatives, expanded parental leave, and mental wellness and sabbatical programs to prevent burnout. There was something else, too: Citi had also begun providing travel benefits to employees who need to go out of state to find an abortion provider...
Sports merchandise, e-commerce, and fan collectible giant Fanatics today announced it has added two new members to its board. Lydia Jett, managing partner and head of global e-commerce and U.S. consumer internet sector investments at SoftBank Investment Advisers, and Jonathan Mildenhall, cofounder and executive chairman of TwentyFirstCenturyBrand consultancy and former CMO of Airbnb...
Last year, incoming SEC chair Gary Gensler wasted no time in signaling that ESG—environmental, social and corporate governance—would be a top priority of the Biden Administration. Since then, companies, ratings agencies, and even the White House have waited on pins and needles to see what the new rules will entail...
To make the shift, it’s crucial to appoint corporate boards that embrace the change—and that’s not always happening, this management consultant says...
As a rule, the companies that appear on As You Sow’s annual Most Overpaid CEOs list—always some of the biggest in the corporate world—have provided less-than-amazing returns on their investments...
If you own stocks, chances are good you have heard the term ESG. It stands for environmental, social, and governance, and it’s a way to laud corporate leaders who take sustainability—including climate change—and social responsibility seriously, and punish those who do not...
One of the hottest investment strategies right now is what’s known as environmental, social, and governance (ESG) investing...
While you’ll need to find someone who can help you fill that missing gap, you will also need them to have capabilities that span beyond that in their arsenal...
The suit was filed in California federal court on Monday after allegations from high-profile executives, including Pinterest’s former Chief Operating Officer...
That was in reaction to a new report from the Economic Policy Institute (EPI), which found that the average CEO compensation in 2019 at one of America’s top 350 firms was $21.3 million, up by 14% from the year prior...
What do Frappuccinos and furry companions have in common? advertisement People for the Ethical Treatment of Animals (PETA) just announced that it has become a shareholder of Starbucks Corporation in an effort to be heard at the coffee giant’s annual meetings...
It’s no secret that mistrust of tech is at a crisis level right now. Whether it’s Facebook serving its users misinformation, Twitter enabling targeted harassment campaigns, or just the general exploitation of data that are leaked by sketchy sites across the web, many people are taking a hard look at the technologies that pervade every part of their lives—and many are not feeling happy with what they see...
For both good corporate governance and the stability of American society, Facebook must change. First, investors should vote no because effective ...
In 2018, Disney CEO Bob Iger got a raise–a big raise. His total compensation increased 80% to hit $65.6 million. According to a recent study by Equilar, his compensation was 1,424 times that of the median Disney employee. For Abigail Disney, granddaughter of Disney cofounder Roy Disney, that level of pay is “insane.” Moreover, she says, executive pay at that level has “had a corrosive effect on society.”...
Maynard Webb, former CEO of LiveOps and the former COO of eBay, will offer candid, practical, and sometimes surprising advice to entrepreneurs and founders...
A decade after the U.S. financial crisis, Wall Street is booming and the economy is back–but nagging questions remain about the failure of government regulators and prosecutors to prevent the collapse, and to hold top Wall Street bankers personally accountable for the catastrophe...
America’s corporate landscape is interwoven by a dense network of shared board members–for instance, Apple has board members that are also board members at Disney, Chevron, Amgen, GE, and JP Morgan Chase. The data analysis expert Erik Rood used publicly available information from the S&P 500 top 50 to create an unusual map of these connections, resulting in this interactive graphic that lets you explore the network in unprecedented detail...
Amazon employees are not pleased with one of its latest decisions. The company’s board has been lobbying to vote down a proposal from CtW Investment Group, which would require that Amazon specifically consider women and non-white people for new board member selections...
Fred Reynolds, a former executive for CBS Corp. and PepsiCo, is joining the board of directors of Pinterest, TechCrunch reports. The move comes amid rumblings of a possible IPO next year, although no timeline to go public has been laid out. Reynolds, who had a career in finance that spanned 38 ...
“There's a big opportunity because nonprofit boards are complaining they need more people for diversity,” says Alice Korngold, CEO of Korngold Consulting, a strategy advisory service for board members, corporate executives, and nonprofits. “There are qualified people at companies and they're waiting ...
Last Thursday, hundreds of Facebook shareholders at the company’s annual meeting in Menlo Park, California listened politely as top executives discussed the social media giant’s performance metrics and goals–until Natasha Lamb got up out of her chair and stood to face the board. She demanded that the company address its fake news problem by publishing a formal report about its prevalence on the site and its impact...