Tag #Executive Compensation

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lefigaro.fr

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Feb 28, 13:11

Stellantis CEO's €12 Million Severance Package After Profit Drop

Stellantis's former CEO, Carlos Tavares, received a €12 million severance package (€2 million severance and €10 million bonus) after his December 1st, 2024 departure, reflecting the company's halved profit margins in 2024, despite his total 2024 compensation reaching €23.1 million.

Stellantis CEO's €12 Million Severance Package After Profit Drop

Stellantis's former CEO, Carlos Tavares, received a €12 million severance package (€2 million severance and €10 million bonus) after his December 1st, 2024 departure, reflecting the company's halved profit margins in 2024, despite his total 2024 compensation reaching €23.1 million.

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What were the primary components of Tavares's 2024 compensation, and how did they contribute to the overall figure?

Tavares's compensation included a €2 million fixed salary and €21.1 million in variable bonuses tied to company performance. The significant reduction in his 2024 compensation reflects Stellantis's decreased profitability, resulting in his removal. This contrasts with earlier press reports suggesting a much higher severance package.

elpais.com

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Jan 18, 19:08

Telefónica Chairman to Receive €23 Million Severance

Telefónica's chairman, José María Álvarez-Pallete, will receive a €23 million severance package upon his departure, as per his contract, which includes four years of salary and bonuses, but prohibits him from working for a similar company for two years.

Telefónica Chairman to Receive €23 Million Severance

Telefónica's chairman, José María Álvarez-Pallete, will receive a €23 million severance package upon his departure, as per his contract, which includes four years of salary and bonuses, but prohibits him from working for a similar company for two years.

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What is the total amount of severance pay José María Álvarez-Pallete will receive upon leaving Telefónica, and what factors determine this amount?

José María Álvarez-Pallete's departure from Telefónica will result in a €23 million severance package, based on his contract's terms as detailed in the company's remuneration report. This covers four years' salary, including his 2023 fixed salary (€1.9 million) and average bonuses from the past two years (€3.7 million).

euronews.com

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Jan 17, 13:08

Massive CEO-Worker Pay Gap in Europe

CEOs of Europe's top 100 companies earned a median of €4.15 million in 2023, 110 times the average EU worker's €37,863 salary, highlighting a vast wealth gap, with Germany's CEOs having the highest median salary at €1,455,000.

Massive CEO-Worker Pay Gap in Europe

CEOs of Europe's top 100 companies earned a median of €4.15 million in 2023, 110 times the average EU worker's €37,863 salary, highlighting a vast wealth gap, with Germany's CEOs having the highest median salary at €1,455,000.

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How do median CEO salaries vary across different European countries, and what factors might contribute to these differences?

The median CEO salary among these top companies was €1.57 million, with median bonuses adding over €2.5 million to total compensation. This disparity is further emphasized by the fact that the median salary for CEOs at companies with a market capitalization exceeding €200 billion was €2 million.

cnbc.com

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Jan 9, 01:10

Tesla Directors to Return $919 Million in Overpaid Compensation

Tesla directors will return $919 million in compensation—$277 million in cash, $459 million in stock options, and $184 million in forgone future options—to settle a 2020 lawsuit alleging excessive pay from 2017-2020.

Tesla Directors to Return $919 Million in Overpaid Compensation

Tesla directors will return $919 million in compensation—$277 million in cash, $459 million in stock options, and $184 million in forgone future options—to settle a 2020 lawsuit alleging excessive pay from 2017-2020.

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What is the total amount of compensation Tesla directors will return, and what specific forms does this compensation take?

Tesla directors, including Chair Robyn Denholm and James Murdoch, will return $919 million in compensation to resolve allegations of overpayment. This includes $277 million in cash, $459 million in stock options, and the forfeiture of future options worth $184 million. The settlement, not covered by insurance, follows a 2020 lawsuit by the Police and Fire Retirement System of the City of Detroit.

news.sky.com

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Dec 14, 16:13

NatWest CEO in Line for Multimillion-Pound Pay Boost

NatWest Group plans to significantly increase its CEO Paul Thwaite's compensation to a potential \$6.6 million annually, aligning his pay with industry peers, following a 90% surge in the bank's share price in 2024 and its return to full private ownership after a 17-year government stake.

NatWest CEO in Line for Multimillion-Pound Pay Boost

NatWest Group plans to significantly increase its CEO Paul Thwaite's compensation to a potential \$6.6 million annually, aligning his pay with industry peers, following a 90% surge in the bank's share price in 2024 and its return to full private ownership after a 17-year government stake.

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What is the extent of the proposed pay increase for NatWest's CEO, and what factors are driving this change?

NatWest Group's CEO, Paul Thwaite, is poised for a significant pay raise, potentially reaching \$6.6 million annually. This increase follows the bank's return to full private ownership and a 90% surge in share value in 2024. The proposed changes, subject to shareholder approval, include raising his maximum annual bonus from 100% to 150% of his base salary and replacing his restricted share plan with a more lucrative performance share plan.

cincodias.elpais.com

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Dec 4, 10:07

Stellantis CEO Carlos Tavares Earned €36.5 Million in 2023

Carlos Tavares, former Stellantis CEO, received €36.494 million in compensation in 2023, 518 times the average employee salary, despite declining shareholder approval; Stellantis will appoint a new CEO by the first half of 2025.

Stellantis CEO Carlos Tavares Earned €36.5 Million in 2023

Carlos Tavares, former Stellantis CEO, received €36.494 million in compensation in 2023, 518 times the average employee salary, despite declining shareholder approval; Stellantis will appoint a new CEO by the first half of 2025.

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What are the potential implications of Tavares's sudden departure for Stellantis's future strategy and performance?

Stellantis aims to appoint a permanent CEO by the first half of 2025. Until then, Chairman John Elkann will lead an interim executive committee. Tavares's departure and the upcoming succession process highlight the significant challenges and opportunities facing the automotive industry.

elmundo.es

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Jan 18, 19:08

Telefónica Chairman Faces Potential €23 Million Payout Upon Dismissal

Telefónica's chairman, José María Álvarez-Pallete, faces potential dismissal proposed by SEPI, potentially receiving a €23 million termination payment plus an additional €11.4 million from a separate executive plan, though both are incompatible; the decision will be voted on by the board.

Telefónica Chairman Faces Potential €23 Million Payout Upon Dismissal

Telefónica's chairman, José María Álvarez-Pallete, faces potential dismissal proposed by SEPI, potentially receiving a €23 million termination payment plus an additional €11.4 million from a separate executive plan, though both are incompatible; the decision will be voted on by the board.

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What are the potential reasons behind the SEPI's proposal to replace Álvarez-Pallete, and what role did other stakeholders like Criteria and STC play in this decision?

The potential €23 million payout to Pallete highlights significant executive compensation practices in large Spanish corporations. His 2023 compensation of €5.64 million, combined with a potential four-year termination package, underscores the substantial financial implications of executive changes. The SEPI's proposal for his replacement suggests potential shifts in Telefónica's corporate strategy.

fr.euronews.com

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Jan 17, 16:06

European CEO Pay Gap Reaches 110x Average Worker Salary

A Mercer report reveals that in 2023, CEOs of Europe's top 100 companies earned a median total compensation of €4.15 million—110 times the average EU worker's salary—with significant variations across countries and a call from the ETUC for fairer compensation.

European CEO Pay Gap Reaches 110x Average Worker Salary

A Mercer report reveals that in 2023, CEOs of Europe's top 100 companies earned a median total compensation of €4.15 million—110 times the average EU worker's salary—with significant variations across countries and a call from the ETUC for fairer compensation.

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How do CEO compensation levels vary across major European countries, and what factors contribute to these differences?

The massive pay gap highlights economic and democratic concerns, according to the European Trade Union Confederation (ETUC). The ETUC argues that fairer compensation would boost competitiveness by addressing labor shortages. The disparity is particularly stark when comparing the highest (€81,064 in Luxembourg) and lowest (€13,503 in Bulgaria) average worker salaries within the EU, as per Eurostat data.

cincodias.elpais.com

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Jan 9, 10:08

Spanish Bank Executives Cash In on 2024 Stock Surge

In 2024, high interest rates fueled record profits for major Spanish banks, resulting in significant stock gains; executives from BBVA, CaixaBank, and Bankinter sold €7 million in shares, reflecting strong bank performance and investor confidence.

Spanish Bank Executives Cash In on 2024 Stock Surge

In 2024, high interest rates fueled record profits for major Spanish banks, resulting in significant stock gains; executives from BBVA, CaixaBank, and Bankinter sold €7 million in shares, reflecting strong bank performance and investor confidence.

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What were the immediate financial implications for Spanish bank executives due to the 2024 surge in banking stocks?

In 2024, Spanish bank executives cashed in on high stock prices, with BBVA, CaixaBank, and Bankinter executives collectively selling €7 million in shares. BBVA executives led the way, selling nearly €3 million worth of shares, while CaixaBank saw 12 executives sell shares, and Bankinter had four.

cnn.com

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Dec 18, 13:12

Express CEO Misused Nearly $1 Million in Perks During Bankruptcy

Express's former CEO, Tim Baxter, misused almost \$1 million in company perks, including personal jet use, while the company slid into bankruptcy; the SEC settled with Express without a penalty due to cooperation.

Express CEO Misused Nearly $1 Million in Perks During Bankruptcy

Express's former CEO, Tim Baxter, misused almost \$1 million in company perks, including personal jet use, while the company slid into bankruptcy; the SEC settled with Express without a penalty due to cooperation.

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How did the competitive landscape and internal decisions contribute to Express's bankruptcy filing?

Express's financial struggles, marked by declining sales and competition from fast-fashion giants, culminated in Chapter 11 bankruptcy. Baxter's misuse of company funds exacerbated the situation, undermining investor trust and potentially contributing to the company's demise. The acquisition by WHP Global and landlords signifies a restructuring effort following these challenges.

theguardian.com

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Dec 10, 13:11

Ashtead Group to Relocate Primary Listing to New York Stock Exchange

Ashtead Group, a £27bn construction equipment rental company, will move its primary stock listing from the London Stock Exchange to the New York Stock Exchange within 12-18 months because 98% of its profits come from US operations; shares fell 11% on Thursday.

Ashtead Group to Relocate Primary Listing to New York Stock Exchange

Ashtead Group, a £27bn construction equipment rental company, will move its primary stock listing from the London Stock Exchange to the New York Stock Exchange within 12-18 months because 98% of its profits come from US operations; shares fell 11% on Thursday.

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How does Ashtead's move reflect broader trends in the global financial markets and the competitiveness of the London Stock Exchange?

This shift highlights a broader trend of UK companies seeking primary listings in the US due to greater access to capital and higher executive compensation. Ashtead's decision follows similar moves by Flutter and Tui, and comes after the Arm and Klarna IPOs chose the New York Stock Exchange. The LSE's loss of these major companies raises concerns about its competitiveness.

abcnews.go.com

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Dec 4, 04:09

Delaware Judge Permanently Blocks $56 Billion Tesla Pay Package for Elon Musk

A Delaware judge has permanently blocked a $56 billion compensation package for Tesla CEO Elon Musk, rejecting Tesla's appeal and citing sham negotiations and conflicts of interest; Tesla plans to appeal to the Delaware Supreme Court.

Delaware Judge Permanently Blocks $56 Billion Tesla Pay Package for Elon Musk

A Delaware judge has permanently blocked a $56 billion compensation package for Tesla CEO Elon Musk, rejecting Tesla's appeal and citing sham negotiations and conflicts of interest; Tesla plans to appeal to the Delaware Supreme Court.

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How did the close relationship between Elon Musk and Tesla's board influence the judge's decision?

This ruling reinforces Delaware's strong investor protections by preventing conflicts of interest between executives and boards. The judge's decision emphasizes the importance of fair and transparent compensation practices, particularly for CEOs with significant board influence. The case highlights the potential consequences of awarding excessive compensation packages without proper oversight.

Showing 25 to 36 of 40 results