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The supersize era
In June, Tesla shareholders reaffirmed their intention to award the largest CEO compensation package in history to the automotive company’s controversial leader, Elon Musk. Valued as high as $56 billion, the deal had previously been thrown out by a Delaware judge, citing a failure by members of Tesla’s board to disclose conflicts of interest with […]
Them’s the brakes
Total compensation for S&P 500 CEOs nationwide last year marked its smallest year-over-year increase since 2015, with pay increasing 0.9% from 2021. Here in Virginia, CEOs faced even greater headwinds — their total pay increased just 0.3% from 2021 to 2022, down from a 4.9% increase between 2020 and 2021. The slowdown was a result […]
The cost of leaning in
In 1982, the comic strip “Frank and Ernest” noted that Ginger Rogers — standing in for all women — did everything Fred Astaire did but “backwards and in high heels.” Even 41 years ago, that sentiment felt like a well-known acknowledgement, and it still holds true now. This issue, in our third annual Women in Leadership […]
Bills to ensure workers paid sick days failed in Va. House
RICHMOND, Va. — The Virginia General Assembly did not pass legislation this session to ensure paid sick days for employees, despite strong public support. A 2021 study by Christopher Newport University found almost 90% of people surveyed support paid sick leave. Both House and Senate versions of the bill updated the current law that state […]
Stairway to heaven
Nationally, CEO pay in 2021 reached historic highs for the second year in a row, and Virginia was no exception to this trend. The CEOs of Virginia’s largest publicly traded companies were rewarded handsomely last year, with CEO compensation rising 4.9% year-over-year to an average $8.467 million compensation package, compared with $8.068 million in 2020. […]
Ex-LeClairRyan employee settles pay discrimination lawsuit
Former LeClairRyan PLLC employee Marci Keatts settled her gender pay discrimination lawsuit against the defunct firm for an undisclosed amount, according to a Nov. 22 court order by Richmond U.S. District Judge Robert E. Payne. The Richmond-based firm, once the fifth-largest in the state, shut down in October under Chapter 7 dissolution after filing for […]
