#executive-compensation

#executive-compensation

To nab the jaw-dropping pay package that could make Elon Musk the first trillionaire, the Tesla CEO first has to find his successor - eventually, anyway. Succession planning is rarely easy and often gets harder when it involves replacing a high-profile exec. Whoever eventually steps in to replace Musk will have a big job to do, leadership experts told Business Insider.

Qantas Airways Ltd. Chief Executive Officer Vanessa Hudson and her top leadership team were docked A$800,000 ($522,000) in pay for a cyberbreach that impacted millions of customers, as the airline attempts to show it's taking a harder line on accountability and governance. Hudson forfeited A$250,000 in compensation, while the airline's five executive managers lost a combined A$550,000, Qantas said in its annual report, released Friday.

Executives at hundreds of companies were manipulating stock option grant dates to enrich themselves at the expense of shareholders. This practice became known as backdating.

Despite concerns from regulators regarding its financial situation, Affinity Water has doubled the pay of its chief executive, Keith Haslett, to 1.6 million for the 2024-25 financial year, up from 709,000 the prior year.

The top executives of major U.S. companies receive astronomical salaries, often exceeding $50 million, with one CEO, Brian Niccol, reportedly earning $95.8 million.

"Out of an abundance of caution, a security detail was provided to Mike Reed," a Gannett spokesperson said, highlighting the company's response to increased security concerns after recent violence.