#Executive Compensation

[haute-lifestyle-com]

Less than a year after The Walt Disney Company Board of Directors brought back former Chairman of the Board Bob Iger, after two dismal years of pandemic related disasters, the board has extended his contract until 2026.

[spotlightstory]

Senate Report Exposes Big Pharma’s Profiteering at Americans’ Expense, 2024

Johnson & Johnson (J&J), Merck, and Bristol Myers Squibb (BMS)

These are the CEOs that ultimately make the policies and decisions on setting pharmaceutical pricing for companies named in the Senate Report.

Notice how CEOs live somewhat anonymous lives unless you happen to be in the medical industry or finance. Even then, I bet if you showed nurses these photos they would not recognize these men which are responsible for the common medicines that are practically household names - Stelara for arthritis; Keytruda for cancer; Eliquis for strokes.

American CEOs price gouging Americans.

J&J CEO, Joaquin Duato, received $13.1 million in total compensation 2022. Duato's net worth is at least $66.9 Million dollars as of 13 February 2024.

Merck's CEO Rob Davis’ total yearly compensation is $18.65 million, with 8.2% as salary and 91.8% as bonuses, including company stock and options. Robert M Davis has an estimated net worth of $102 Million.

BMS’ CEO Chris Boerner, appointed in November 2023, earned a total yearly compensation of $6.88 million last year, comprised of 15.5% salary and 84.5% bonuses, including company stock and options. Boerner also owns 0.004% of the company's shares, worth $4.11 million. Boerner formerly was Chief Commercialization Officer.

[worldofwardcraft]

The big buyback boondoggle.

Prior to the late 1970s, profitable corporations typically retained their excess earnings and reinvested them in order to increase their capabilities, often by rewarding with bonuses and higher wages the employees who made them more competitive. In those days, buying back your own stock, reducing the amount of shares outstanding, and thereby raising your company's share price, was considered stock manipulation. And was totally illegal. That is, until the disaster of the Reagan presidency.

In 1982, St. Ronnie's SEC adopted Rule 10b-18, that exempted a company from being charged with manipulating its stock price when it repurchased shares. Which opened wide the floodgates for abuse. Especially because stock increasingly made up the majority of the compensation for corporate executives. As the Harvard Business Review pointed out as far back as 2014,

Since the late 1980s, the largest component of the income of the top 0.1% has been compensation, driven by stock-based pay. Meanwhile, the growth of workers’ wages has been slow and sporadic.

But it was the misnamed Tax Cuts and Jobs Act of 2017 (it provided massive tax cuts to corporations but didn't create any jobs) that really set off an explosion in share repurchases. Republicans touted it as a mechanism to spur investment and stimulate the economy. Yet all it stimulated was the stock market.

Flush with cash due to their greatly reduced taxes, US corporations went on a madcap stock-buying spree. Like companies such as Johnson & Johnson (which repurchased $5 billion of its common stock), Meta Platforms/Facebook ($40 billion), Procter & Gamble ($4 billion), Lowe's ($4 billion), Comcast ($45 billion), Cigna ($26 billion), Walmart ($65 billion), Morgan Stanley ($12 billion last year; $9 billion the year before), plus a host of others.

In fact, Bloomberg recently reported that American firms announced a record $1.26 trillion in stock buybacks last year. And according to US News, S&P 500 companies repurchased a total of $210.8 billion of their own shares in the third quarter of 2022 alone. This included 319 companies that reported at least $5 million in buybacks.

Robert Reich, President Clinton's Secretary of Labor, is undoubtedly correct when he says,

Stock buybacks don’t create more jobs. They don't increase wages. They don’t grow the economy. They do one thing: Make corporate execs richer.

Rather than investing in the economy or their employees, corporate bosses are lining their own pockets with buybacks — creating a false impression that a higher stock price reflects an increase in the company's value. Or, in other words, perpetrating a fraud.

[blogblogartstuffuhh]

HEARD OF ACTION DOUGLAS?? GET READY FOR EXECUTIVE DYSTOPIA DOUGLAS !!

HE IS A COMPUTER TECHNICIAN AT MANDARK'S CORPORATION!! And general technician as well

Douglas is the only one who actually knows how the computers work and is at charge of the power energy of the building. The problem is that he is the ONLY one that is at charge of these tasks, despite how efficient it would be if Mandark actually hired more people for that department to help Douglas out, this is on purpose as putting Dexter's best friend under so much distress feels like indirect misery for Dexter !! And Mandark was never truly fond of Douglas in the first place, boot licking dork.....

Despite the horrific stress and lack of sleep from all the exploitation, Douglas still tries to stay cheerful and positive about the circumstances

Also fun fact! His designated number is 137 as a reference to Tom Kenny's birthday (his VA)

[positivelyapunovexponent-good]

Why does trying to eat a variety of different foods that are healthy and involve plants on occasion feel so insurmountable?

My chicken has rotted in fridge where I was defrosting it before I got around to cooking with it because I got caught up with school for several days

my apples have gone mushy (like completely mushy, not a mushy spot but literally half the apple collapsed in on itself) before I ever got to eat even one

my onions came from the store rotten

all food feels scary and revolting and changes much too fast except my beloved and perpetually safe nature valley granola bars

but I can’t subsist off of nature valley granola bars alone because then I get floppy and lightheaded. I have tried in the past and it didn’t go well- they do not contain all the nutrients an adult human needs to function

I want to eat well! But I feel I am thwarted in this endeavour by the implacable forward march of entropy :(

[jobyoda-philippines]

Exploring Career and Job Opportunities in Davao City Philippines

Davao City, recognized as one of the Philippines' most progressive cities, continues to experience remarkable economic growth, creating a vibrant job market that attracts professionals from across the country. The city's diverse economy offers numerous employment opportunities, from entry-level positions to executive roles, making it an attractive destination for job seekers at all career stages.

The Business Process Outsourcing (BPO) sector stands as one of the largest employers in Davao City, providing thousands of jobs across various specializations. Companies in this sector actively recruit customer service representatives, technical support specialists, and quality assurance analysts, offering competitive salaries and comprehensive benefits packages. The industry's continued expansion has created numerous opportunities for career advancement, with many organizations promoting from within and providing extensive training programs.

Part-time employment opportunities have also flourished in Davao City, catering to students, professionals seeking additional income, and individuals preferring flexible work arrangements. The retail sector, food service industry, and education field offer numerous part-time positions with varying schedules and responsibilities. These roles often provide valuable work experience and can serve as stepping stones to full-time careers.

The Information Technology sector in Davao has seen significant growth, with many companies seeking software developers, web designers, and IT support specialists. This growth has been fueled by the city's improving technological infrastructure and the increasing number of tech-focused businesses establishing operations in the region. Tech professionals can find opportunities in both established companies and startups, with many positions offering competitive compensation and the possibility of remote work arrangements.

Davao's hospitality and tourism industry continues to expand, creating jobs in hotels, restaurants, travel agencies, and tour operations. The sector offers positions ranging from entry-level service roles to management positions, with many employers providing training and development opportunities. The industry's growth has also sparked demand for professionals in events management and tourism marketing.

The education sector presents numerous opportunities for both full-time and part-time employment. Educational institutions regularly seek teachers, tutors, and administrative staff. The rise of online learning has created additional opportunities for English language teachers and academic consultants who can work flexible hours from home or teaching centers.

Job hiring  in Davao, the digital economy has opened new avenues for employment. E-commerce specialists, digital content creators, and social media managers are in high demand as businesses increasingly establish their online presence. These positions often offer the flexibility of remote work while providing competitive compensation packages.

Professional development resources are readily available in Davao City, with numerous institutions offering skills training programs and industry certifications. Job seekers can access career counseling services, resume writing assistance, and interview coaching through various employment support organizations. These resources prove invaluable in helping candidates prepare for and secure desired positions.

The financial services sector in Davao has also experienced substantial growth, creating opportunities for banking professionals, insurance specialists, and investment consultants. These positions typically offer attractive compensation packages, including performance bonuses and health benefits, making them highly sought after by experienced professionals.

Davao's agricultural sector continues to evolve, combining traditional farming with modern agribusiness practices. This has created opportunities for agricultural technologists, food processing specialists, and supply chain professionals. The sector offers both technical and management positions, with many companies providing specialized training and development programs.

For those entering Davao's job market, proper preparation is essential. Successful job seekers typically maintain updated resumes, prepare comprehensive portfolios, and stay informed about industry developments. Professional networking, both online and offline, plays a crucial role in discovering opportunities and advancing careers in the city.

The future of Davao's job market looks promising, with emerging industries creating new employment opportunities. The city's commitment to economic development, coupled with its strategic location and robust infrastructure, continues to attract businesses and investors, ensuring a steady stream of job opportunities for qualified candidates.

Whether seeking full-time employment or part-time job in Davao City offers a diverse range of opportunities across multiple industries. Success in this dynamic job market often comes to those who combine proper preparation with continuous skill development and effective networking. As the city continues to grow and evolve, its job market remains a beacon of opportunity for professionals seeking to build meaningful careers in Mindanao's premier business hub.

[bi-furiosity]

you can hold true in your head that the executives of ZA/UM had selfish and manipulative intentions like the filthy little capitalists they are and also that Robert Kurvitz continues to dismiss and belittle the fact that he was toxic and abusive towards the people working directly below him. you can believe both these are truths, promise you're fucking capable. at the end of the day, you should be supporting the workers. they made the project you love so much, and have been fucked over by this whole situation.

for context: gaming journalists People Make Games dropped a 2 and a half hour documentary detailing the complexities of the legal battles between disco elysium's original creators and ZA/UM shareholders/executives.

[ivygorgon]

AN OPEN LETTER to THE U.S. CONGRESS

Hold Bank Execs Financially Accountable for Mismanagement! Pass the DEPOSIT Act.

274 so far! Help us get to 500 signers!

I am writing to urge you to pass the Deliver Executive Profits on Seized Institutions to Taxpayers (DEPOSIT) Act that was recently introduced by Sen. Richard Blumenthal and U.S. Reps Adam Schiff (D-CA) and Mike Levin (D-CA).

This important legislation would hold executives at failed banks financially responsible for their mismanagement and prevent them from selling off shares of stock, potentially profiting from their bank failure -- like Silicon Valley Bank CEO Greg Becker might have done when he sold $3.6 million of stock shortly before the collapse of SVB.

American taxpayers shouldn’t be left holding the bag and bailing out banks while their executives are walking away with multi-million dollar compensation and bonus packages. Please respond in writing and let me know you co-sponsored this bill. Thanks!

▶ Created on March 24, 2023 by Jess Craven

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[butterflyeffectiooon]

With august it was “he’s a complicated and flawed character but that doesn’t make him BAD” and it was also like that with day at certain points, well now I raise you: last twilight is a complicated and flawed show but that doesn’t make it BAD!!!

[dykeyuu]

i spent 7 hours studying for one subject today no problem and even had fun doing it + im trying to imagine what middle/high school would’ve been like if i’d been properly medicated

[absentlyabbie]

yeah they're meant to be separate feelings so if you've got a regular doctor you might want to discuss it with them to see if you can pursue what's causing it and possible solutions

"nauseated" and "hungry" are two feelings that should NOT be allowed to coincide

[andrewjbernhard]

Litigating Disputes Between Corporate Management in Florida: Legal Insights and Case Law

Facing a corporate management dispute in Florida? Learn how to navigate legal challenges, from fiduciary duties to shareholder rights, with our latest article.

Disputes among corporate management can create significant challenges for any business. In Florida, as in other jurisdictions, these conflicts—whether between board members, executives, or shareholders—can lead to costly litigation, regulatory scrutiny, and reputational damage. When corporate governance issues, breach of fiduciary duty, or executive disputes escalate, litigation may be the only…

[delladelightfulcomic]

Kahlia has some... odd ways to handle snow warfare.