heres what i want to know i just read an article about ole stevie b's salary last year. it was 14.7 million with only 7.5 % of that was his actual salary and the rest was bonuses YES BONUSES!!!!
I WANNA KNOW WHY AND HOW
with the company in rapid decline and stock price at 5 bucks just what the HELLLL did he get a bonus for smh explain that!!!!!!
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He's smarter and knows how the financial systems operate. Think Robber Baron instead of doing believing thse type of individuals will do the right thing for the shareholders, employees and business. Legal vs moral argument.
Yes and because of that they’ll give him his bonus - that’s my point
“ Because this company still creates cash for shareholders and pays an attractive dividend.”
It's a bribe so people don't sell all their shares. It's not profit, the company loses money every year, and pays people 62 million (was 125 million) to bag hold.
Let that sink in: An unprofitable company that loses money every quarter is spending money it doesn't have to pay out a dividend to people (mostly institutional investors) so they don't sell and send it to $0. They borrow money to pay a dividend.
Comparing a Xerox executive with an executive from a company in the S&P 500 is wild. We have to go back 2 decades before we were on that list. Remember, back when printing was a thing.
“ Because this company still creates cash for shareholders and pays an attractive dividend.”
The div was just halved and will be reduced or eliminated. The div return is attractive for NEW shareholders because the stock has crashed. Ridiculous comment. If comp was truly merit based, SB and team would have to return their last 10 years to shareholders and then some.
Because this company still creates cash for shareholders and pays an attractive dividend.
He is asking the board for a raise, too! Must be based on his performance
Meh. it’s in line with others.
The average total compensation for CEOs at S&P 500 companies in 2023 was $17.7 million. This figure includes salary, bonuses, and the value of stock awards. While this represents the average across the S&P 500, individual CEO compensation can vary significantly.
Here's a more detailed breakdown:
Average Total Compensation: As mentioned, the average was $17.7 million in 2023.
Stock Awards: Stock awards made up about 70% of total CEO compensation in 2023.
Base Salary: Base salaries for CEOs can range from $622,300 to $1,060,800.
Bonuses: Average cash bonuses in 2023 were around $386,000.
CEO-to-Worker Pay Ratio: The average CEO-to-worker pay ratio at S&P 500 companies was 268-to-1 in 2023.
Compensation Growth: CEO pay at S&P 500 companies increased by 6% from the previous year.
If I owned any shares I'd vote no on that raise but I don't.
On top of that he asked for a raise, to be voted for on may 11 😀