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☆ A Microsoft under attack from government and tech rivals after 'preventable' hack ties executive pay to cyberthreats
▼ + stars: | 2024-05-22 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +13 min

The decision by Microsoft to link executive compensation to successful cybersecurity performance is another is prompting discussions at other firms. One change the tech giant is making in response: linking executive compensation more closely to cybersecurity. In recent years, many Fortune 500 companies, including Apple, have added bonus pay tied to ESG metrics. The conversations about cybersecurity-linked executive pay have started taking place at other companies since Microsoft made its move, according to Aalap Shah, managing director at executive compensation consultant Pearl Meyer. Madnick's research shows that gaps in corporate culture are often culprits in high-profile hacks, not just the Microsoft example.

Persons: Brad Smith, Charlie Bell, Aalap Shah, Pearl Meyer, It's, I've, Shah, —, Stuart Madnick, Madnick, Ryan Kalember, unavoidability, Jen, Kalember, ransomware, Mike Doonan, Doonan Organizations: Microsoft, U.S, Hill, Google, U.S . Department of Homeland, Initiative, Microsoft Security, Team, Companies, Fortune, Apple, MIT, Infrastructure Security Agency, CNBC, Technology, State Department Locations: China, Russia, cybersecurity, U.S

☆ Walmart, Chipotle are splitting the wealth of a record stock market in a way they haven't in decades
▼ + stars: | 2024-03-31 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

For Chipotle, it's the first stock split in the company's 30-year history, and its announcement echoed Walmart's. Both are hoping, through the availability of an employee stock purchase plan and financial education, they'll get more workers to invest. Chipotle, even further out on the market chart, has shares nearing $3,000 — its stock split is to be effective June 26. ESPP versus fractional sharesEven without a stock split, employees could have already purchased shares of their company, or at least fractional shares, through a brokerage account. Company stock and financial educationSplitting a stock and having a generous ESPP can only go so far when it comes to encouraging employees to buy the company stock.

Persons: they'll, Michael Kestenbaum, Chipotle, Dan Kapinos, Clemens Kownatzki, Aalap Shah, Pearl Meyer, SoFi, Kownatzki, Larry Fink, Kestenbaum Organizations: Walmart, Companies, West Coast, Google, Pepperdine Graziadio Business, Khan Academy, Lyra Health Partners, Bank of America, Employees Locations: Aon

☆ What Walmart’s new focus on employee stock could mean for the wealth of the average American household
▼ + stars: | 2024-02-03 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

Walmart is offering its store managers stock grants, which based on a manager's store format, can range between $10,000 and $20,000. It's not only managers that Walmart wants to encourage to buy into stock ownership. 1 employer, Walmart's decisions are likely to have significant ripple effects and could even lead to broader equity ownership among rank-and-file employees. Already companies such as Ingersoll Rand and Harley-Davidson have taken steps to broaden stock ownership to employees. "Stock ownership is a pillar of worker financial wellness."

Persons: John David Rainey, Chris Taylor, It's, John Furner, Doug McMillon, Biden, Marc Roloson, Aalap Shah, Pearl Meyer, Shah, Brian J, Albert H, Gordon, Stacey Kole, Ed Rataj, Michael Kestenbaum, Gallagher, Peter Follows, Kole, Ingersoll Rand, Davidson, Martin Whitman, Whitman, Pete Stavros's, Walmart's, Harvard's, WTW's Roloson Organizations: New York Stock Exchange, Walmart, International, NYSE, LinkedIn, Companies, Business Administration, Harvard Business School, The University of Chicago Booth School of Business, CBIZ, Carpedia, Harley, Just Locations: U.S

☆ Workers at Facebook, Snap fear second round of layoffs is on the way
▼ + stars: | 2023-01-31 | by ( Kali Hays | ) www.businessinsider.com time to read: +7 min

Recent comments by CEOs at Meta and Snap have workers bracing for yet another round of cuts. For tech workers who in 2022 saw tens of thousands of colleagues lose their jobs amid a wave of layoffs, this year has brought little besides déjà vu. Fear is spreading among many tech employees that even more layoffs will happen in the coming weeks. Performance reviews are more severe. Snap is another company where employees are starting to suspect another round of layoffs is being considered, if not already on the way.

☆ Pay in tech is dropping fast as firms like Microsoft, Snap and more use layoffs and a looming recession to wrest power from workers
▼ + stars: | 2023-01-20 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

Pay is getting lower, stock grants smaller and offers, if they come at all, are take it or leave it. In November, Snap employees heard some frank talk from CEO Evan Spiegel on his plans for compensation after enacting a mass layoff a couple of months before. "In general, we've noticed a decrease in pay across the entire tech industry," said Zuhayeer Musa, founder of Levels.fyi, a platform that collects data on tech compensation. Aalap Shah, a managing director at Pearl Meyer who advises tech companies, said he's been expecting such a retreat on pay. An estimated 200,000 tech employees have been laid off since last year, according to Layoffs.fyi, which compiles data on hiring in tech and is not part of Levels.fyi.

☆ In 2023, cash is king for tech execs
▼ + stars: | 2023-01-13 | by ( Asia Martin | ) www.businessinsider.com time to read: +3 min

Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Now, insiders say they expect tech companies to issue more stock and cash incentives to keep their c-suite intact too. In 2023, insiders say tech companies will be looking to structure long-term deals with payouts for longevity as a way to induce exec loyalty. Tech companies doled out additional shares to shore up employees whose stock lost its value last year, so much so that investors worried about future returns. Deepali Vyas, a top headhunter at Korn Ferry, told Insider there's going to be a recalibration of exec cash compensation downward to a level that reflects where valuations are today.

☆ Tech kept talent happy doling out stock during the boom. It's screwing investors in the bust.
▼ + stars: | 2022-12-01 | by ( Asia Martin | ) www.businessinsider.com time to read: +5 min

As tech stock prices plunge, firms are granting new stocks to staff to keep compensation high. But as stock values tumble in the second half of 2022, investors are looking at the increase in stock-based compensation (SBC) as an issue. And tech companies have been issuing a lot of shares to not only attract new employees but hang on to their existing ones. Peloton granted more than 4 million stock options and 1.7 million RSUs in its fiscal year that ended in June 2021. "The drop in the stock price makes the expense, for lack of a better way to phrase it, a lot more expensive," he added.

☆ Inflation is coming down. Here's what that means for your annual pay raise
▼ + stars: | 2022-11-25 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +7 min

Once you pay people more, it's hard to claw that back even when inflation starts to come back down. Inflation and annual pay are not in a one-to-one relationship. That became clear to many workers last year when their annual merit increases in salary and wages were not anywhere near the four-decade highs for inflation. But Reilly said that to date, the numbers are "solidly at 4%" for both executive and rank-and-file pay increases. Pearl Meyer research indicates that merit increases are a lagging indicator relative to inflation and costs.

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