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Stock impact report

US executive pay rises at fastest rate in 14 years [Yahoo! Finance]

Paycom Software, Inc. (PAYC) 
Last paycom software, inc. earnings: 4/28 04:06 pm Check Earnings Report
Company Research Source: Yahoo! Finance
In 2024, median chief executive pay at S&P 500 companies has risen by 12 per cent, according to ISS Corporate, part of proxy adviser Institutional Shareholder Services. That compares with a 4.1 per cent year-on-year increase in US wage growth, according to official figures Musk this week secured an emphatic victory in a shareholder vote on his $56bn package of stock options — the largest in US history. Musk's win — the vote ratified a pay package first made in 2018 — sends executives a message that “the sky's the limit here . . . you can earn as much as you want to”, according to William George, a former compensation committee chair on Exxon's board and former chief executive of Medtronic. Executive pay “has gotten out of control”, George said. “This is going to cause a further split in our country between the haves and the have-nots. This is a grave concern to me because I think there will be a loss of trust [in companies].” Robin Ferracone, chief executive of Farient advise Show less Read more
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