Partner Susan Schroeder affirms that, over the course of the pandemic, roughly a quarter of public companies have cut executive pay to some degree. However, as the economy continues to recover, larger companies have been more likely to restore pay levels while smaller firms are still struggling.
In several studies conducted by CAP, we found that CEO salary reduction has been a prevalent action taken by a majority of S&P 500 companies, with one-third of CEOs forgoing their salaries entirely. CAP’s COVID-19 research found that two-thirds of S&P 500 companies reducing CEO pay have also implemented furloughs or have cut broad-based employee compensation.
Partner Susan Schroeder explains how firms undergoing CEO transitions can strategically use the Executive Chairman role in their management succession plan to provide incoming CEOs with guidance and advice as they ease into their new role.
CAP Partner Eric Hosken and Associate Ryan Colucci share findings from CAP’s CEO Pay Ratio research, including why the ratio fluctuated so dramatically for some companies this year.
Founding Partner Kelly Malafis discusses CFO Pay trends.
Partner Dan Laddin discusses trends in director compensation and director compensation pay limits.
In a CAP study by Margaret Engel and Melissa Burek, use of aircraft was the most prevalent perquisite for CEO among large US companies. Personal security and automobile allowance were tied for second as most prevalent perquisites.