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Western Digital, a manufacturer of hard drives, reported that CEO David Goeckeler received $32 million in bonuses and pay this year compared to $17 million the year before.
Western Digital shares have decreased 46% since the year began, against the backdrop of a broad fall in technology firms. However, because the condition that links a portion of the remuneration to the movement of the company's shares was removed from the accrual rules, the amount of payments made to the company's CEO was unaffected.
AAR Corp, a manufacturer of aircraft components, reported that CEO John Holmes received a $7.3 million option as compensation for a lower salary last year.
Companies that received government assistance for the COVID-19 outbreak at the time were mandated by U.S. authorities to restrict bonus payouts to their executives. MillerKnoll, a manufacturer of office furniture, gave its CEO Andi Owen $1 million this year by changing the way bonuses were given out as a result of "supply chain delays."
source: ft.com
Western Digital shares have decreased 46% since the year began, against the backdrop of a broad fall in technology firms. However, because the condition that links a portion of the remuneration to the movement of the company's shares was removed from the accrual rules, the amount of payments made to the company's CEO was unaffected.
AAR Corp, a manufacturer of aircraft components, reported that CEO John Holmes received a $7.3 million option as compensation for a lower salary last year.
Companies that received government assistance for the COVID-19 outbreak at the time were mandated by U.S. authorities to restrict bonus payouts to their executives. MillerKnoll, a manufacturer of office furniture, gave its CEO Andi Owen $1 million this year by changing the way bonuses were given out as a result of "supply chain delays."
source: ft.com