Eleven of Hyatt’s senior leaders could see tens of millions of dollars through a new compensation package if the hotel operator’s shares rebound
When Hyatt Hotels Corp. decided to furlough many of its hotel workers, it told employees that Chief Executive Mark Hoplamazian and Chairman Thomas Pritzker would forgo salaries and nine other senior leaders would take a 50% pay cut through May.
The executives also received their annually awarded restricted shares and stock options about a week after that March 17 announcement. If Hyatt’s share price bounces back near levels it was before the coronavirus pandemic caused the stock to plunge, those 11 executives stand to gain...
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
FCA executives, salaried employees to take pay cuts during coronavirus pandemicFiat Chrysler Automobiles NV's top executives and salaried workers around the globe will take pay cuts in an act of 'shared sacrifice' brought on by the coronavirus pandemic that has shuttered the automaker's plants in Europe and North America, according to a company memo seen by Reuters.
Leer más »
Bob Iger to Forgo Disney Salary, Top Execs to Take Pay Cuts Amid Virus CrisisThe Walt Disney Co. said on Monday that executive chairman Robert Iger will forgo his entire salary and recently named CEO Bob Chapek will take a 50 percent pay cut amid the coronavirus pandemic
Leer más »
Columbia Sportswear CEO takes pay cut to help support employees during coronavirus crisisTim Boyle, president and CEO of Columbia Sportswear Company, is cutting his salary to $10,000 to keep his employees paid during the coronavirus crisis.
Leer más »
Consolidating flights to US cities could help stem airline industry losses as coronavirus dampens demand, executives sayU.S. airlines and the Department of Transportation may soon have to consider consolidating service to dozens of cities around the country in a bid to help carriers cut losses, several airline industry executives told CNBC.
Leer más »
Companies offer cash-strapped employees daily pay cards and other flex-pay options as a lifelineCompanies such as ADP, Fiserv, Green Dot and others are rolling out pay cards and virtual bank accounts to allow workers to take out pay they've already earned whenever they need it instead of waiting weeks for their next payday,
Leer más »
US stock futures down, pointing to another wild week on Wall StreetUS stock futures were lower Sunday night, continuing to give up gains from last week's historic rally that came to a halt on Friday.
Leer más »