Make CEOs Take Pay Cuts
If firms are feeling the pinch of economic pressure, then executives should share in their employees’ sacrifices @newrepublic by Boen Wang #executivepay #recession

https://newrepublic.com/article/175058/ceo-pay-cut-economy-workers?utm_source=newsletter&utm_medium=email&utm_campaign=tnr_daily&mc_cid=54831674f6&mc_eid=c250fe4327

FTSE 100 chief executives received an average pay rise of 16% last year, taking their median pay to £3.9m, up from £3.4m in 2021 (from research by the High Pay Centre thinktank published today).
Meanwhile the Bank of England continues to urge pay restraint on their employees as wealth continues to flow upwards.
#ExecutivePay #Greedflation #UKPolitics

https://www.theguardian.com/business/2023/aug/22/ftse-100-bosses-given-average-pay-rise-of-500000-in-2022

Again, if we could simply reimburse healthcare providers for, y’know, providing care, and cut out the costs of #insurance, we’d be able to make this work so much better.
#ManagedCareSpecialists #Denials #PriorAuth #PeerToPeer #ExecutivePay All the infrastructure costs So Much Money.

The head of the London Stock Exchange thinks that UK firms need to pay their executives more(!!) to stop firms listing in the USA stockmaket...

talk about a tin ear;

as the FT notes:

'Yet the cost of living crisis has put a focus on the widening gulf in pay between the top & bottom ranks of companies. The High Pay Centre & TUC research estimates that median FTSE 100 chief #executivepay in 2021 was 109 times that of the median full-time worker, up from 79 times in 2020 and 107 times in 2019.

Live Nation CEO Michael Rapino’s Total Pay Jumps to $139M in 2022

Check it out! 👇
https://www.billboard.com/pro/live-nation-ceo-michael-rapino-total-pay-2022/

#Ticketmaster #MichaelRapino #LiveNation #Finance #ExecutivePay #Touring #Business

UMG Chairman/CEO Lucian Grainge Signs Five-Year Contract Extension

Check it out! 👇
https://www.billboard.com/pro/universal-music-ceo-lucian-grainge-five-year-contract-extension/

#UniversalMusicGroup #LucianGrainge #ExecutivePay #RecordLabels #Business

AbbVie's Humira, 5 Pfizer drugs among those with price hikes that exceeded inflation rate — Amgen is sued for concealing $10.7 billion tax bill from investors— In his first year as Johnson & Johnson CEO, Duato scored $13.1M payout -- See more on our front page news http://bit.ly/w28kSd #abbvie #pfizer #humira #drugpricing #inflation #taxes #amgen #legal #jnj #executivepay #ceos #pharma #pharmanews #biotech #biopharma #biotechnology #cafepharma

FDA advisers question efficacy of Roche’s Polivy in first line LBCL— Amid major restructuring, Novartis CEO Narasimhan’s 2022 pay fell by more than a quarter — Merck KGaA makes its Foundry data tools available for free-- See more on our front page news http://bit.ly/w28kSd #fda #roche #lbcl #restructuring #novartis #ceos #executivepay #merckkgaa #opensource #datatools #pharma #pharmanews #biotech #biopharma #biotechnology #cafepharma

#Sony might have to reveal what it pays for exclusives, court says

#ExecutivePay
https://kotaku.com/playstation-xbox-exclusive-exclusivity-reveal-cost-pay-1850181632

Research on the link between #managers & #productivity by LSE Prof John van Reenan suggests around a 1/3 of gap between firms' (countries') levels of productivity is attributable to #management not structural/market issues.

Despite high #executivepay in UK, our stagnant productivity 'growth' can be partly laid at the door of rubbish managers... I've said it before but financial management modes that treat #workers as a cost to be reduced are part of this problem!

h/t Phillip Inman (Observer)

I don't think many nonprofit admins follow me here, but I'm just going to put this out there: If you want my donations, don't overpay your executives. I just gave a nice chunk of cash to Radio Ambulante in part because founder & host Daniel Alarcon, gets a solid but not crazy salary, under USD 150k. I no longer give to WNYC, where the president gets $750k+. #Nonprofit #charity #donations #ExecutivePay #solidarity #PayReporters