Ex-Facebook exec recommends Zuckerberg step down as CEO
May24

Ex-Facebook exec recommends Zuckerberg step down as CEO

Facebook’s former security chief is disagreeing with calls to break up the social network. Instead, Alex Stamos believes the way to fix problems is for Mark Zuckerberg to step aside as CEO. Facebook co-founder Chris Hughes and other critics contend that government regulators should require Facebook to spin off popular services such as Instagram and WhatsApp. But Stamos believes that just creates “three companies that have...

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The highest-paid CEOs by state
May24

The highest-paid CEOs by state

Here are the top paid CEOs by state for 2018, as calculated by The Associated Press and Equilar, an executive data firm. The survey considered only publicly traded companies with more than $1 billion in revenue that filed their proxy statements with federal regulators between Jan. 1 and April 30. Not every state has such a company headquartered there. The survey includes only CEOs who have been in place for at least two years, but it...

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Health care CEOs again lead the way in pay
May24

Health care CEOs again lead the way in pay

The highest pay packages go to CEOs at health care companies. For the third time in four years, chief executives in the health care field led the S&P 500 in terms of total compensation. The typical CEO in the industry made $16.1 million last year, which means half earned more than that, and half made less. A look at the top and bottom-paid CEOs last year, by industry, as calculated by The Associated Press and Equilar, an...

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Tesla’s bad news accelerates as Wall Street loses faith
May24

Tesla’s bad news accelerates as Wall Street loses faith

Late last year, Tesla Inc. was fully charged and cruising down the highway on Autopilot. Shares were trading above $370 each, sales of the Model 3 small electric car were strong and the company had appointed a new board chair to rein in the antics of sometimes impulsive CEO Elon Musk. But around the middle of December, investors started having doubts about the former Wall Street darling’s prospects for continued growth, and the...

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CEOs get $800,000 pay raise, leaving workers further behind
May24

CEOs get $800,000 pay raise, leaving workers further behind

Did you get a 7% raise last year? Congratulations, yours was in line with what CEOs at the biggest companies got. But for chief executives, that 7% was roughly $800,000. Pay for CEOs at S&P 500 companies rose to a median of $12 million last year, including salary, stock and other compensation, according to data analyzed by Equilar for The Associated Press. The eight-figure packages continue to rise as companies tie more of their...

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