Must of the pay, $25 million, reflected a one-time "leadership continuity grant" of restricted stock, Jefferies' proxy states. One of the biggest pay increases went to Jefferies CEO Richard Handler, whose $56.9 million received last year was nearly double his total compensation in 2021. He added that amid the macroeconomic uncertainty, "There's still a little more of this incentivizing of executives that's leading to the increases in CEO pay." "You want stability of leadership to guide you through tough times," Yu said. Equilar director of research Courtney Yu said much of that was awarded at the start of last year, as companies looked to keep their top leaders in place. The median value of CEO's stock awards rose 20% to $13.8 million for 2022. executive compensation but not as much for employees. GRAPHIC : CEO Compensation gains drive up pay ratio vs workers - īoosting the CEO's pay gains were stock awards that have become a centerpiece of U.S. Total return for the companies whose CEO pay was studied was negative 11%. The CEO pay gains came during a year when the total return of the S&P 500 was negative 18% as the Federal Reserve's rate hikes slowed economic growth. The CEO's higher gains pushed the median "pay ratio" at companies led by the CEOs studied by Equilar to 288 times the pay of their median employee, up from 254 times in 2021. private sector employees was $1,132 in December, up 3.6% from a year earlier, according to the U.S. workers in 2022 despite tight labor markets. Pay among the CEOs rose faster than for U.S. consumer price index, a widely-used measure of inflation, rose 6.5% in the 12 months ended Dec 31, down from 7% in the year-earlier period.
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