Big corporations are doling out big bonuses and compensation packages to keep high-performing executives, The Wall Street Journal reported May 17.
Proxy filings show that big companies in the United States are delivering supplemental compensation awards to senior leadership, including the C-suite in the form of stock options, often worth millions of dollars. By handing out bigger checks, companies are hoping to provide senior executives with the incentive to stay on and weather continued challenges of the pandemic, supply chain disruption and political unrest.
"The level of anxiety and stress across the organization, surprisingly from the CEO to the manufacturing floor, has been unprecedented," Bill Glenn, executive chairman of human resources firm Crenshaw Associates told the Journal.
This follows the recent report revealing that CEO pay is the highest it's ever been, hitting another record for the sixth year in a row. Healthcare leaders are also featured in the top paid lists, with 10 CEOs of healthcare companies making the top 100 highest paid U.S. CEO list. While the paychecks increase, the public is becoming more frustrated. The issue of CEO pay is now a bipartisan issue, with both Democrats and Republicans agreeing that CEOs of America's largest companies are paid too much.