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Posts Tagged ‘CEO Pay’

Biotech’s latest $100 million+ man

April 30th, 2015 No comments

635569305057923837-ceo-pay-promoBiotech’s recognition on Wall Street continues to emanate outrageous windfalls for most of the industry’s arch executives.

The latest: Bob Hugin.

The Celgene  CELG CEO perceived remuneration valued at $24.2 million final year, up 15% from 2014, gaining an additional $85.6 million from vested shares and formerly awarded batch options, Celgene pronounced Thursday in the annual proxy.

Celgene markets cancer diagnosis medications Revlimid, Pomalyst and Abraxane, and not long ago invested in Australian branch cell association Mesoblast, giving the association  a potentially remunerative event for chartering revenue.

Hugin – who could embrace a golden parachute valued at over $100 million if Celgene is acquired – concluded final year to abstain potentially millions in association supposing taxation sum up payments, Celgene said.  Moreover, his 2014 remuneration and equity gains aren’t as large as other biotech CEOs.

Regeneron Pharmaceuticals’ REGN  Leonard Schleifer, for example, pulled in scarcely $42 million in salary, reward and batch options final year, gaining an additional $98.4 million sportive formerly awarded batch options.  And Gilead Sciences’ GILD John Gilmartin  received $187.4 million from vested shares and batch options – on tip of remuneration valued at $18.9 million.

Still, that’s peanuts compared to what Pharmacyclics PCYC CEO Robert Duggan’s reception from the company’s sale to AbbVie ABBV.

At $3.5 billion, Duggan’s due one of the greatest paydays ever from the buyout of a publicly hold company. Duggan, however, has declined association remuneration given apropos CEO in 2008.

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Compensation for CBS CEO Moonves totaled $57.2M in 2014

April 11th, 2015 No comments

AP WALL STREET CBS OUTDOOR IPO F USA NY

CBS Corp. CEO Les Moonves’ remuneration dipped about 15% final year to $57.2 million, according to the company’s ultimate substitute filed.

The package, which creates him one of the top paid CEOs in the U.S., includes $3.5 million in salary, $25 million in reward and $15 million in batch awards.

The remuneration package for Sumner Redstone, who is authority of the company’s board, totaled $10.8 million final year vs. $57.2 million a year earlier.

Their remuneration totals don’t embody association batch and choice awards. Redstone’s shares which were  exercised and vested were valued at $214.3 million. Moonves’ shares which were vested and exercised totaled $226.2 million.

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To some cable executives, compensation can be Comcastic

April 10th, 2015 No comments

Actor Rob Lowe delivers the anti-cable zingers hawking for DirecTV DTV . But images (3)Comcast execs could be shouting all the approach to the bank.

Comcast’s CMCSA due partnership with Time Warner Cable TWC might be in doubt,  its headlines multiplication is  still underneath glow for government miscues and the Brian Williams disturbance continues to stroke headlines ratings. But pay-wise, 2014 was a good year for comparison management.

CEO Brian Roberts’ compensate rose only 1% to $26.5 million. But with the value of his grant  and paid in instalments remuneration jumping scarcely $6.5 million, his altogether comp rose 5% to scarcely $33 million. He gained another $32.5 million from vested shares and sportive batch options.

Beleaguered NBCUniversal multiplication arch Stephen Burke got $27.5 million, up 6% from 2013. Factoring in the $6.4 million benefit in his grant and paid in instalments compensation, Burke’s remuneration was valued at $33.9 million, up 9% from 2014. Burke gained an one more $16.3 million from vested shares and batch options.

Chief Financial Officer Michael Angelakis’ altogether remuneration fell 1.6% to $18.9 million. But  stock and options benefit some-more than done up for the drop. Angelakis exercised batch options value $46.8 million, gaining an one more $14.8 million from vested shares.

David Cohen, Comcast’s comparison senior manager clamp president, perceived remuneration valued at $13.5 million, down 3.2% from 2013.  He perceived an one more $29.3 million from batch options and vested shares.

Comcast  gained 11.6% in 2014 and factoring in dividends, shareholder lapse was up 13%, vs. 13.7% for the S&P 500.

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Goldman ups Blankfein’s compensation to $24 million

April 10th, 2015 No comments

GTY 451111176 A POL USA DCGoldman Sachs GS boosted CEO Lloyd Blankfein’s remuneration package 4.3% to $24 million final year, the investment bank pronounced Friday in a substitute filing.

Blankfein’s income remained unvaried at $2 million, but his reward jumped 16% to $7.3 million and the worth of his batch endowment rose 12% to $12.5 million. About half of the batch endowment have been newly instituted performance-based shares formed on the company’s lapse on equity from 2015-2017.

Blankfein gained an additional $14.7 million from vested shares, Goldman Sachs said.  The 60-year-old has been CEO given Jun 2006.

His compensate package is between the top of investment bank CEOs. JPMorgan JPM  reported Jamie Dimon’s 2014 remuneration package surged 133% to $27.4 million. Bank of America’s BAC Brian Moynihan’s compensate forsaken 7% to $13 million, whilst Citigroup’s C Michael Corbat’s remuneration fell 17% to $14.5 million.

 

 

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Former Kate Spade CEO bags big stock gains

April 9th, 2015 No comments

Colorado ScenicsLongtime stakeholders in the sell conform marketer which developed in to Kate Spade KATE have been feeling sandbagged given the batch appearance at about $47 in 2007.

Shares of the association before well well known as Fifth and Pacific stalled out in 2014 – radically finale where they began the year at about $32.

But association executives, both past and present, managed to bag a little big gains.

William McComb, CEO of Kate Spade primogenitor Fifth & Pacific companies until he was transposed by Craig Leavitt dual months in to 2014, perceived remuneration valued at $26.2 million, according to the company’s annual proxy, filed Thursday.  That includes a $1 million bonus, $18.1 million batch award, $6.5 million in separation  pay and perks trimming from $3,200 for monetary conversing and $3,550 in wardrobe allowances to $11,250 for a New York City unit rental.

The kicker?  McComb gained an additional $78.4 million sportive formerly awarded batch options.

Kate Spade directors called McComb’s purpose in transitioning Leavitt to the dilemma bureau as “extraordinary work.”

Leavitt didn’t do as well badly, either, reception remuneration valued at scarcely $26.2 million, together with a batch endowment value $20.7 million.  Chief Creative Officer Deborah Lloyd, meanwhile, perceived remuneration value roughly $25 million, together with batch valued at $18.1 million.

Spade pronounced $9 million of the batch released to both Leavitt and Lloyd were special, one-time “staking grants” scored equally to the company’s batch cost formed on 3 and five-year opening periods.

Before rebranding as Kate Spade final year, Fifth and Pacific was well well known as Liz Claiborne. McComb, CEO given 2006, jettisoned multiform underperforming brands, together with Liz Claiborne, Lucky and Juicy Couture.

Kate Spade was founded by purse engineer Kate Brosnahan Spade in 1993 and non-stop the initial store in 1996.

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JPMorgan’s Dimon sees compensation surge to $27.6 million

April 8th, 2015 No comments

AP OBAMA BUSINESS A F USA DCJPMorgan’s JPM Jamie Dimon  compensation surged to $27.6 million final year, the investment bank pronounced Wednesday.

Dimon, who perceived a compensate package valued at scarcely $11.8 million in 2013, saw his remuneration soar 133% in 2014, often due to a $7.4 million bonus, JPMorgan pronounced in the annual substitute statement.

It was Dimon’s initial reward given 2011, according to association filings.

Dimon  also perceived batch valued at $18.5 million and perks valued at scarcely $250,000.

JP Morgan, the nation’s greatest bank formed on assets, pronounced sum shareholder lapse rose 10%, lagging the 13.7% benefit of the Standard & Poors 500.

Dimon, 59, was declared CEO in 2006. JPMorgan’s house of directors pronounced his opening “was a large contributing cause to the shareholder worth which continues to be delivered.”

Among alternative attention executives, Bank of America CEO Brian Moynihan perceived $13 million in 2014, down from $14 million in 2013.

Capital One’s  Richard Fairbank perceived a compensate package valued at $19.6 million, up 7% from 2013.

Wells Fargo CEO John Stumpf’s remuneration was prosaic at $19.3 million. He gained an one more $67 million from vested shares and exercising formerly awarded batch options.

Goldman Sachs’ GS Lloyd Blankfein perceived remuneration valued at $24 million, up from $23 million in 2013.

Citigroup CEO Michael Corbat’s remuneration fell 17%  to $14.5 million.

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Aetna CEO’s compensation no longer at a premium

April 3rd, 2015 No comments

downloadHealth insurer Aetna cut  CEO Mark Bertolini’s remuneration by about 50% final year.

Bertolini perceived pay, stock, batch options and inducement awards valued at about $15 million, down from $30.7 million in 2013, Aetna AET pronounced in a Friday substitute filing.

Much of Bertolini’s 2013 remuneration was scored equally to a $16.9 million batch endowment and $11.1 million choice award, scored equally to long-term opening and vesting restrictions.

Bertolini satisfied an $11.9 million benefit from formerly awarded shares which vested in 2014. That’s up from about $5.5 million he satisfied from options gains and vested shares in 2013, according to association filings.

Aetna  said sum shareholder lapse was up 31% final year, vs. 13.7% for the Standard & Poors 500. Shares have been up 20% so far this year.

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Time to shop? Macy’s Lundgren sees 11% rise in pay

April 1st, 2015 No comments

enhanced-buzz-13541-1397499931-28Macy’s CEO Terry Lundgren’s remuneration package rose 11% to $12.7 million in 2014, the dialect store sequence pronounced Wednesday.

Lundgren’s income was unvaried at $1.6 million, whilst his batch endowment rose to $5 million from $4.76 million in 2013 and the worth of his batch choice endowment rose to $3.3 million from $3.1 million, Macy’s M pronounced in the annual proxy. The association additionally awarded Lundgren a $2.5 million inducement award.

Lundgren gained an additional $17.5 million sportive formerly awarded batch options and $7.3 million from vested shares.

Macy’s sum shareholder lapse was up 22.4% in 2014, vs. 13.7% for the Standard & Poors 500.

Lundgren, 62, was declared CEO of the 825-store sequence in Feb 2003 after portion as Chief Merchandising Officer.

 

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PepsiCo CEO Nooyi’s comp jumps 45% to $19 million

March 25th, 2015 No comments
Indra Nooyi, PepsiCo CEO

Indra Nooyi, PepsiCo CEO

A prolonged tenure inducement payout helped lift PepsiCo CEO Indra Nooyi’s 2014 remuneration to about $19.1 million in 2014, up scarcely 45% from 2013, the libation and break food hulk says.

Nooyi’s remuneration enclosed an $11.8 million payout – due subsequent month – formed on the company’s 2012-2014 benefit growth, PepsiCo pronounced Wednesday in the annual  proxy.

Nooyi perceived  stock valued at scarcely $5.5 million and a $1.6 million salary, and perks and alternative remuneration valued at $155,000, often for personal make use of of corporate aircraft.

Nooyi, 59,  also satisfied a $4.9 million benefit from formerly awarded shares which vested in 2014. Nooyi was declared CEO in 2008 after portion as CFO.

Shares of PepsiCo, whose brands embody Frito-Lay, Gatorade and Tropicana, rose 14% in 2014.

 

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Booking in big at Hilton

March 25th, 2015 No comments
Hilton CEO Christopher Nassetta.

Hilton CEO Christopher Nassetta.

Christopher Nassetta, CEO of Hilton Worldwide Holdings HLT, competence be means to means a little preference camp upgrades, given his 2014 remuneration and batch gains.

Nassetta satisfied a benefit of scarcely $71 million final year from formerly awarded shares which vested, the road house user pronounced Wednesday in the annual substitute filing.  That’s on tip of a remuneration package valued at $9.9 million, up scarcely 400% from 2013’s $2.26 million compensate package.

Much of Nassetta’s compensate gains came  from a $4.7 million batch award, formed  on Hilton’s gain and sum shareholder return.  The company’s handling income rose scarcely 52% to $1.67 billion final year. Hilton shares were up 17.3%.

Nassetta, 52, has been CEO given Dec 2007.

 

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