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.