Highest paid executives on Long Island work at tiny biotech firm BioRestorative Therapies

By Newsday | Jun 21, 2022 | Read more

Principal Lauren Peek was quoted in Newsday’s recent article detailing highest paid executives on Long Island. Peek explained how the initial COVID-19 outbreak put a lid on pay packages. She also described how 2020 was a rough year for companies and that many were forced to make difficult choices related to the pandemic. Peek offered insight to recent trends explaining how in 2021, payouts bounced back.

Partner Susan Schroeder Named as a 2022 NACD Directorship Top 100 Governance Professional

By NACD Directorship | Jun 16, 2022 | Read more

CAP Partner, Susan Schroeder, is featured in NACD Directorship Magazine – Spring 2022 for being honored as a 2022 NACD Directorship Top 100 Governance Professional.
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Families, Management and Money – 2021 – 2022 Family Business Executive Compensation Survey

By Family Business Magazine | Jun 13, 2022 | Read more

The May/June 2022 issue of Family Business Magazine features CAP’s article highlighting the results of our CAP-MLR Media proprietary survey of Family Business Executive Compensation. This article discusses how family businesses can develop an effective compensation package using the data provided in our survey.

Are wages for bank workers keeping pace with CEO pay?

By American Banker | Jun 9, 2022 | Read more

American Banker mentioned CAP’s research again in their article regarding worker wages and how they compare to CEO pay. CAP’s research involved analyzing a total of 59 banks ranging in asset size from 12 billion to 3.95 trillion. CAP extracted from 2022 Proxies a variety of different data points including: CEO Pay data, Retention Awards, and Diversity & Inclusion Metrics/ Discretionary Adjustments. The Pay Data revealed that Total Direct Compensation for CEOs had risen 5% in 2020, and 21.5% in 2021.

In a hot job market, banks dish out awards to retain executives

By American Banker | Jun 7, 2022 | Read more

Partner Kelly Malafis and Principal Shaun Bisman were quoted in the recently published American Banker article discussing pay awards within the banking industry. Bisman explained how retention awards were a fairly balanced mix of smaller time-based awards and larger performance-based awards. A CAP analysis on the subject was also referenced and showed how nearly one quarter of 59 large and midsize banks reported such awards in their latest filings with values ranging from $100,000 to $52.6M. Malafis explains how the doling out of these prizes delivers a strong message to chief executives and other corporate leaders who may or may not be currently engaged in employment discussions elsewhere.

Bank CEOs who got the heftiest raises last year

By American Banker | Jun 6, 2022 | Read more

American Banker referenced CAP research in a recently published article regarding CEO pay, specifically in the banking industry. The CAP report revealed there was an average pay increase of 21.5% for the CEOs of more than 50 large and midsize banks. The article also utilized CAP’s research to produce a countdown list of the 10 bank CEOs who got the biggest raises on a percentage basis in the past year.

Tech and bank executives increasingly being scrutinized over compensation

By Yahoo Finance | Jun 3, 2022 | Read more

Partner Susan Schroeder joined Yahoo Finance Live to discuss the scrutiny surrounding the compensation of tech and bank executives. Schroeder explained how pay packages are increasing and becoming more complex with all the various inflationary pressures and other macroeconomic factors. She also explained how pay is going up for all levels of the organization and not just the executives. We just see it more at the top because most of it is driven by the equity component of the compensation.

Wealth CEOs’ Pay Rises Sharply, In Contrast to Their Employees’

By AdvisorHub | Jun 3, 2022 | Read more

Partner Eric Hosken was recently quoted in AdvisorHub’s article that spoke about the substantial difference between CEO and median employee compensation increases among the nation’s largest brokerages. He explained that one of the reasons for the substantial CEO increases is because targets were set too low. Compensation Committees in 2020 did not expect for the market to turnaround the way that it did in 2021. Eric Hosken also mentioned that the tight labor market for wealth management CEOs, who have a proven track record, probably influenced the decision making of the Compensation Committee.