Social Media Means
Social Media Means
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Elon MuskCEO Highest Paid CEOs and Executives in 2021 Rank Name Total 1 Elon MuskCEO 10,077,116,351 2 Robert ScaringeCEO 2,289,370,481 3 Tim CookCEO 853,780,236 4 Peter RawlinsonCEO/CTO 575,681,738 10 more rows •
There are many good reasons to consider starting a social media management business. You'll be paid to use social media, which can be great if it's...
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Some Banned Instagram Hashtags #Desk. #Brain. #Direct. #DM. #HardWorkPaysOff. #HotWeather. #HumpDay. #Hustler. More items... • Mar 16, 2022
Read More »Even in the moneyed world of high finance, advisers warned, Jimmy Levin’s pay deal was an exceedingly rich one. The newly appointed chief executive officer of Sculptor Capital Management Inc. would almost certainly make around $100 million a year, they told the hedge fund’s board. And if results were good, Levin’s haul could very well approach twice that—a staggering amount at a firm with a market value then around $1 billion. The pay briefly caused a stir on Wall Street. A Sculptor director resigned in protest. Then the world moved on. Levin never became a national news story. Nine-figure paychecks, once a rarity, are proliferating despite critics on Capitol Hill and beyond. Last year now stands as the most lavish on record for executive compensation by almost any measure. More than 30 public-company executives had pay deals that exceeded $100 million in value at the end of fiscal 2021, according to the Bloomberg Pay Index. The top dozen packages all surpassed $200 million. A couple shot into the billions. The exuberance behind the payouts has since petered out, at least for the time being. Inflation is forcing consumers to rethink spending and the Federal Reserve to raise interest rates at a rapid clip. Equities are down, and many packages have dipped in value, in some cases dramatically. But longtime observers point out that while downturns come and go, CEO pay historically only trends up. “It’s another version of ‘more for them and less for us,’” Fred Redmond, secretary-treasurer of the AFL-CIO, said last month. “And it comes at a time when working people’s living standards have declined with every increase in the price of food, rent and gas.”
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Read More »Such rewards have become the envy of leaders in some industries, like the big US banks, whose pay decisions tend to draw particular scrutiny by both lawmakers and the public. Last year, both JPMorgan Chase & Co. and Goldman Sachs Group Inc. handed special awards worth tens of millions of dollars to their CEOs and other senior leaders. In Goldman’s case, they came as CEO David Solomon and other top executives quietly pushed for bigger rewards.
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Read More »While this year’s market swoon stings, skeptics point out that things usually play out favorably for those at the top. For example, stock options granted at the depth of the Great Recession exploded in value in the following years. After the pandemic struck in 2020, hundreds of boards eased targets or granted extra bonuses to give their executives a break as lockdowns in some cases torpedoed results. “That’s when the frustration and hypocrisy comes in,” said Rosanna Landis Weaver, a senior program manager at shareholder advocacy nonprofit As You Sow. When a company’s stock tumbles, “You’ll hear, ‘It was due to an external event.’ But it never was because of an ‘external event’ when the stock went up.” Though more shareholders have gotten critical of pay plans, the increased resistance is marginal and the impact—if there is any—is hard to discern. Around 3.2% of companies in the Russell 3000 received less than 50% shareholder support for their executive pay plans, data compiled by Bloomberg Intelligence show. That compares with 2.8% in the prior year. On rare occasions, though, the pay can swell in ways that make the directors in charge uncomfortable. In January, J. Morgan Rutman resigned from the board of Sculptor, the New York hedge fund, and wrote a letter that criticized the panel’s deferential attitude toward Levin and the pay package he’d been granted. The letter cited a report from the board’s outside adviser, which had concluded that Levin’s pay level was “exceedingly rare.” Sculptor said at the time that Rutman’s letter selectively quoted from the adviser’s report and was “filled with significant factual inaccuracies, material omissions and baseless assertions that present a misleading view of board governance.” The letter also omitted that the pay was reasonable considering the “unique nature of the company’s ongoing transformation,” according to the hedge fund. Levin, who had been the firm’s investment chief for several years, also took on the CEO job in 2021. As such, he received separate compensation for both roles, an unusual arrangement, through a complex mix of cash and equity tied to fund performance and stock return. To justify the pay, Rutman wrote, the board looked at privately held hedge funds and noted that the top 25 hedge fund managers have been paid on average $200 million to $2.7 billion since 2009. Rutman said this comparison was out of whack and that Levin’s performance requirements were too favorable to him. Also missing, according to Rutman: “A meaningful analysis of whether an award of this magnitude was actually needed to retain Mr. Levin’s services.” Correction: Updates with change in CEO-to-worker pay since the onset of the pandemic in 15th paragraph.
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