PayPal Holdings stock has lost all of its gains from the pandemic era, when homebound shoppers used its services to buy online. The financial-services company’s outgoing president and CEO Dan Schulman...
Tag: Executive Pay
PayPal CEO’s ‘unusual’ $2 million stock purchase is ‘certainly a positive’ signal
PayPal Holdings Inc. Chief Executive Dan Schulman just did something “unusual” for a departing executive. Often, executives and other insiders begin to trim their company stock exposure when they’re p...
Tesla shareholders seek to void Elon Musk’s $55 billion pay package
WILMINGTON, Del. — Attorneys for a Tesla shareholder urged a Delaware judge on Tuesday to invalidate a 2018 compensation package awarded by the company’s board of directors to CEO Elon Musk that is po...
PayPal CEO Dan Schulman plans his exit as earnings return to growth
Only one thing was missing from PayPal Holdings Inc.’s packed fourth-quarter earnings report, which brought upbeat profit performance, a new user metric and the announcement of Chief Executive Dan Sch...
Intel cuts pay, bonuses and other benefits while maintaining dividend
Intel Corp. continues to cut costs for everything except payments to investors. Intel INTC, +2.87%, which is already in the process of cutting what is believed to be thousands of jobs amid steep decli...
No more ‘special awards’ for JPMorgan CEO Jamie Dimon, board decides
JPMorgan Chase & Co.’s board heeded an outcry from shareholders about Chairman and Chief Executive Jamie Dimon’s compensation, which in the past has included more than $50 million in “special awar...
Tesla told employees not to complain to managers about pay, labor director alleges
Electric-vehicle maker Tesla Inc. ran afoul of the law when the company told employees at an office in Florida not to complain to higher-ups about pay or discuss things like hiring, a U.S. labor board...
Elon Musk testifies in shareholder lawsuit over Tesla compensation package
WILMINGTON, Del. (AP) — Tesla TSLA, -2.01% CEO Elon Musk took the witness stand Wednesday to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by the company’s ...
Elon Musk Made Unusual Request in Falling Out With Top Tesla Lieutenant
Last year, Elon Musk parted ways with one of his top deputies at Tesla Inc., a French auto-industry executive named Jerome Guillen. Mr. Guillen worked at Tesla for roughly a decade, rising to oversee ...
Saudi Arabia Lures Executives to Neom With Million-Dollar Salaries, Zero Taxes
Saudi Arabia’s megadevelopment Neom is paying senior executives roughly $1.1 million each annually, according to an internal Neom document, showing how the kingdom is using large pay packages to lure ...
Oracle’s Ellison’s Compensation Topped $130 Million Last Fiscal Year
Sept. 23, 2022 8:24 pm ET Listen to article (2 minutes) Oracle top executives are again among the highest-paid at big U.S. companies, thanks to a decision last year to give them more time to earn stoc...
Seattle CEO who cut his pay so workers could earn $70,000 minimum resigns
SEATTLE — A Seattle CEO who announced in 2015 that he was giving himself a drastic pay cut to help cover the cost of big raises for his employees has announced his resignation. Dan Price, the embattle...
WWE Says Probe of Vince McMahon Is ‘Substantially Complete’
By Joe Palazzolo and Ted Mann Aug. 15, 2022 8:29 pm ET An investigation by World Wrestling Entertainment board of directors into allegations of sexual misconduct against former chairman and chief exec...
Walmart Anticipates a Store Manager Shortage Despite $200,000-a-Year Pay
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CEO Pay Packages Rose to Median $14.7 Million in 2021, a New High
The median pay package for chief executives of the biggest U.S. companies reached $14.7 million in 2021, setting a sixth-straight annual record as strong profits and robust markets boosted performance...
Plug Power CEO total 2021 compensation nearly quadruples to more than $52 million
Plug Power Inc.’s long-time Chief Executive Andrew Marsh recorded total compensation of more than $52 million in 2021, a year after the fuel-cell systems company’s losses widened sevenfold but the sto...
Micron Suspends Executive Bonuses. The Stock Was Upgraded, Too.
Micron Technology has suspended bonuses for executives, and the stock earned an upgrade, though the two don’t appear to be connected. Micron (ticker: MU) said late Thursday a board committee had appro...