Walt Ehmer, the president and CEO of Waffle House, has died after a long illness, the company’s board of directors announced Sunday. Ehmer was 58.
Read MoreWaffle House CEO Walt Ehmer Dead at 58
Tag: CEO
CEOs’ Pay Increases in 2023 Widen Income Gap with Workers
The average salary for a company’s chief executive officer (CEO) soared by 13% in 2023, thus producing an even greater income gap between top executives and the workers they employ.
According to ABC News, a data analysis by Equilar for the Associated Press revealed that the median compensation package for a CEO rose in 2023 to $16.3 million, marking a 12.6% increase. At the same time, wages and benefits for the average worker rose by just 4.1%. At half of the companies included in the Equilar survey, it would take one worker at least 200 years to make the same amount of money that their CEO makes.
Read MoreCommentary: Female Liberation Can Be Found in Marriage
What does a fulfilling, self-focused life look like, according to liberated feminism?
Spa nights alone in a fancy apartment, perhaps. A boss babe CEO who enjoys hooking up on the weekends. Plastic surgery and perhaps a cute pet to post on Instagram.
Read MoreModerna Under Fire as CEO Earned Nearly $400 Million in Stock Options and a 50 Percent Raise Last Year
Moderna is under fire after financial records showed the biotech company’s CEO Stephane Bancel earned around $393 million in 2022 from stock options he exercised as he received a 50% raise.
Bancel, whose firm is known for producing the COVID-19 vaccine, received $1.5 million in 2022, an increase of 50% from 2021, and Moderna increased his target cash bonus, a March securities and exchange commission filing shows.
Read MoreTwitter Users Vote for Elon Musk to Step Down as CEO
Twitter users voted for owner and CEO Elon Musk to step down from his leadership role by a 15-point margin in a Sunday poll.
“Should I step down as head of Twitter? I will abide by the results of this poll,” Musk asked in a Sunday afternoon tweet. The query came after Twitter implemented several recent changes in its policies, specifically instituting a policy prohibiting the sharing of real-time public information that resulted in the suspensions of several journalists.
Read MoreConservative Investors Launch Campaign to Take On America’s ‘Wokest’ Corporations
A group of conservative investors plan to take on four of the “wokest” corporations at upcoming shareholder meetings over allegedly discriminatory policies in an effort to defend shareholders, according to a press release.
The Free Enterprise Project of the National Center for Public Policy Research, a Boardroom Initiative (BI) coalition member, will make proposals at Walmart, Twitter, Facebook and Comcast shareholder meetings held over the next two weeks to hire outside firms to investigate whether or not the companies are placing merit behind “equity” considerations, according to the release.
Read MoreAmerican Medical Association CEO Calls Laws Banning Kids Trans Surgeries ‘Dangerous Governmental Intrusion’
The American Medical Association urged governors Monday to take a stand against laws banning transgender surgeries and procedures for minors.
American Medical Association (AMA) CEO James Madara sent an open letter to the National Governors Association Monday calling laws banning transgender surgeries for minors “a dangerous governmental intrusion into the practice of medicine,” noting that transgender and nonbinary gender identities “are normal variations of human identity and expression,” according to NBC News.
“As with all medical interventions, physicians are guided by their ethical duty to act in the best interest of their patients and must tailor recommendations about specific interventions and the timing of those interventions to each patient’s unique circumstances,” Madara wrote, the publication reported.
Read MoreBernie Sanders Introduces Bill Raising Taxes on Companies That Pay Executives 50 Times More Than Median Worker
Vermont Sen. Bernie Sanders introduced legislation Wednesday that would targeting companies who pay executives 50 times more than their median worker.
The legislation, titled the Tax Excessive CEO Pay Act, aims to combat corporate greed and “end outrageous CEO pay,” Sen. Bernie Sanders said in a press release Wednesday. Sens. Elizabeth Warren, Ed Markey and Chris Van Hollen, along with Reps. Barbara Lee and Rashida Tlaib, joined Sanders in introducing the bill.
Read MorePresident Trump Fires Tennessee Valley Authority Chair Over Hiring of Foreign Workers, Caps TVA CEO Pay at $500k
President Donald Trump said Monday that he had fired the chair of the Tennessee Valley Authority, criticizing the federal-owned corporation for hiring foreign workers.
Trump told reporters at the White House that he was formally removing chair Skip Thompson and another member of the board, and he threatened to remove other board members if they continued to hire foreign labor. Thompson was appointed to the post by Trump.
Read MorePepsi CEO Indra Nooyi to Step Down
PepsiCo chief executive Indra Nooyi, one of the most prominent female CEOs in the world, announced Monday she will step down after leading the giant soft drink company for 12 years. Nooyi, 62, has worked at PepsiCo for 24 years. In a tweet, she expressed “mixed emotions” about leaving her…
Read MoreFiat Chrysler Names Jeep Boss to Replace CEO Stricken with Illness
Reuters Fiat Chrysler named on Saturday its Jeep division boss, Mike Manley, to take over immediately for Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery. The carmaker said British-born Manley, who also takes responsibility for the North America region, will push ahead with…
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