For the few women who sit atop S&P 500 companies, thinner paychecks as median compensation slips

By AP News | May 31, 2023 | Read more

Partner Kelly Malafis was recently quoted in an AP News article discussing pay packages for female CEOs in the last year. The article revealed that compensation increased for more than half of the female CEOs of S&P 500 companies, but the median pay package fell 6%. Malafis shares that executives could see steeper pay cuts in 2023 when boards consider the full effect of the stock market’s downturn.

CEOs got smaller raises. It would still take a typical worker two lifetimes to make their annual pay

By AP News | May 31, 2023 | Read more

Partner Kelly Malafis was recently quoted in an AP News article discussing the slowing growth of CEO pay. The article revealed that the typical compensation package for chief executives who run S&P 500 companies rose just 0.9% last year. Malafis provided insight on how the stock market’s downturn could affect pay in 2023 and how it could lead to more cuts.

Early-Filer Ups and Downs for Total Shareholder Return and CEO Pay

By Directors & Boards | May 31, 2023 | Read more

A CAP report detailing CEO pay levels among 50 companies with fiscal years ending between August and October 2022 was recently referenced to by Directors & Boards. The report revealed that median CEO total direct compensation was up 4% when compared to the same period in 2021. The report also revealed that overall fiscal year 2022 financial performance was up by approximately 10% while total shareholder return was down by 16%. This report was authored by Partner Lauren Peek and Principal Joanna Czyzewski. Read the full report here.

Uncertain Markets Drive Drop in Bonus Payouts

By Agenda | May 30, 2023 | Read more

Partner Lauren Peek was recently quoted by Agenda in their recent article about the drop in bonus payouts. Peek shares that although the dip in bonuses wasn’t unexpected given last year’s market performance, 2022 was unique in that shareholder return and company performance did not align. Peek also explained how it is important for compensation committees to make sure that executives are receiving a value that is in line with what the intentions were as long as it aligns with performance.

‘Zero Compromise’ from Amazon on Pay as Investors Hit the Ballot Box

By Agenda | May 26, 2023 | Read more

A CAP report on 2022 Say on Pay authored by Principal Ryan Colucci and Associates Theo Allen and Kyle White was recently referenced to by Agenda. The report shared that Amazon’s 2022 say-on-pay vote support of only 55% was considered low, since the average say-on-pay result for S&P 500 companies was 87.2% in favor last year. Read the full CAP report here.

Women Governance Trailblazers Podcast

May 11, 2023 | Read more

Partner Kelly Malafis was recently featured on the “Women Governance Trailblazers” podcast with Courtney Kamlet and Liz Dunshee. They discuss all things executive compensation, strategy development, key trends, advising compensation committees, as well as the impacts of ESG and the regulatory environment. Listen to the full podcast here.

SEC Won’t Play Gotcha on Pay Versus Performance

By Agenda | May 10, 2023 | Read more

Partner Kelly Malafis was recently quoted in an Agenda article regarding the new SEC pay-versus-performance (PvP) disclosures. Malafis shares that proxy advisory firm ISS might include questions to investors in its annual policy survey this summer to get their views on PvP disclosures. To date, proxy advisory firms have been reviewing the information and publishing it in reports to investors but aren’t using it to inform their voting recommendations.

CEOs at some of the biggest U.S. banks took pay cuts in 2022

By American Banker | Apr 13, 2023 | Read more

CAP data was recently referenced to by American Banker in their recent article discussing some CEO pay cuts at some of the biggest banks in the U.S. in 2022. CAP provided data analysis based on the banks’ most recent proxy statements about 2022 CEO pay packages for seven of the largest nation’s largest banks. Some notable pay cuts include PNC Financial Services Group CEO William Demchak with a 15% decrease and Bank of America CEO Brian Moynihan with a 6% decrease in total compensation compared to 2021.