The stock market’s coronavirus-fueled swoon could wipe out hundreds of millions of dollars from executive pay packages and prompt a recalibration of how CEO compensation is set
By Inti Pacheco March 23, 2020 6:49 am ET Chief executives of large U.S. companies rode a more than decadelong bull market to a string of record pay days.
The Journal analysis uses total compensation, including salary, bonus and stock awards as they are valued in securities filings and provided by MyLogIQ, a research and data firm. As of the March 19 market close, 18 S&P 500 chiefs had lost a combined $177 million on the value of their stock options, according to an analysis by Institutional Shareholder Services, a proxy advisory firm.
“If you haven’t set your financial performance setting as of a week ago, how do you set those?” Mr. Bell said. “It’s a challenge especially in this pay-for-performance culture.” Mr. Hayes’s salary was 16% of his total compensation last year, Mr. Munoz’s was 12% and Mr. Kelly’s was 10%.
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