How Banks Can Adapt Incentives to Thrive in Volatile Times
By Bank Director | Sep 14, 2024 | Read more
Partner Shaun Bisman and Principal Mike Bonner wrote an article for Bank Director detailing how banks can consider a variety of strategies to make their compensation programs more durable in this uncertain environment. They specifically highlight two primary categories: improving flexibility of core programs and awarding retention awards.
The $10M Club: CEO Pay Climbs Higher in Fashion
By Women’s Wear Daily | Aug 7, 2024 | Read more
Partner Matt Vnuk was quoted in Women’s Wear Daily discussing CEO pay in U.S. fashion, retail and beauty, specifically 29 corporate CEOs and executive chairmen who received pay packages more than $10M for fiscal 2023. The article discusses the magnitude, pay mix, and process of setting pay these 29 executives.
CFO Turnover Presses Boards to Think Beyond Pay for Retention
By Agenda | Jul 29, 2024 | Read more
Partner Kelly Malafis and Principal Roman Beleuta were quoted in Agenda discussing their study on CFO pay trends. Compensation for CFOs should be strongly monitored in order for boards to attract and retain competitive CFOs. Yet comp committees should also understand that pay is just one piece of the pie. Companies need to ensure that finance executives are getting the exposure and leadership opportunities needed to strengthen the value proposition for the executive and the company. Roman and Kelly’s study found that CFO pay increases (8%) outpaced CEOs (5%) in 2023.
Incoming QXO CFO’s comp package includes $3M signing bonus
By CFO Dive | Jul 18, 2024 | Read more
CAP’s study on CFO pay trends (conducted by Partner Kelly Malafis, Principal Roman Beleuta and Associate Louisa Haywood) was cited in a recent article for CFO Dive. The article discusses CAP’s findings on CFO salary / total pay increases, relativity to CEO pay, and turnover.
72% of CFOs got a raise in 2023
By CFO Magazine | Jul 17, 2024 | Read more
CAP’s study on CFO pay trends (conducted by Partner Kelly Malafis, Principal Roman Beleuta and Associate Louisa Haywood) was cited in a recent article for CFO Magazine. The article provides a comprehensive breakdown of CAP’s findings on CFO pay (i.e., salary, bonus, long-term incentives, and total pay), CFO pay mix, and relativity to CEO pay.
5 takeaways from CEO and CFO compensation report
By Becker's Hospital Review | Jul 17, 2024 | Read more
CAP’s study on CFO pay trends (conducted by Partner Kelly Malafis, Principal Roman Beleuta and Associate Louisa Haywood) was cited in a recent article for Becker’s Hospital Review. The article discussed 5 takeaways from CAP’s report: (1) Nearly three in four CFOs and half of CEOs received base salary increases; (2) The median change in base salary held steady for CFOs, while increases were flat for CEOs; (3) Long-term incentive awards increased at a higher rate than last year; (4) Total cash compensation in healthcare aligned with industries; (5) Amid compensation trends, CFO turnover remains higher than CEO turnover.
CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
By 1010 WINS | Jun 5, 2024 | Read more
Partner Kelly Malafis was included in a CBS News Radio segment addressing CEO compensation for 2023. The segment references a recent article from the Associated Press where Kelly was quoted. Click to listen.
Plummeting bonuses led to decline in bank CEO pay last year
By American Banker | Jun 4, 2024 | Read more
Partners Kelly Malafis and Shaun Bisman’s exclusive research on executive pay at large and midsize banks was recently published in an article by American Banker. The article reveals that median total compensation for chief executives at 53 large and midsize banks fell 6.6% (vs. 21.5% increase in 2021 and 7% increase in 2022). The median bonus for the CEOs was down 30% from the previous year (increased 6.1% in 2022). Their long-term incentives increased 3.1% increase from 2021 (increased 6.1% in 2022). Median salaries rose 3.1% (which was in line with 2022 increases).
