A spokesman said Zaslav would need to more than double the company's current share price to start to benefit from the one-time options grant that drove his 2021 pay figure and was meant to keep him as leader of the combined company.Aptiv representatives did not return messages.
To rank CEOs as "overpaid," As You Sow used criteria including shareholder returns, critical shareholder pay votes and the ratio of CEO to worker pay. It noted the average share of votes cast "against" executive pay at S&P 500 companies climbed to 12.6% last year, from 11.7% in 2021 and 10.4% in 2020.
Average S&P 500 CEO pay was $18.8 million in 2021, compared with $15.6 million in 2020 and $15 million in 2019, according to HIP Investor, a contributor to As You Sow's report, now in its ninth year. HIP Investor's CEO, R. Paul Herman, said a pattern is clear from the reports that CEOs listed more frequently as overpaid also deliver worse shareholder returns."It’s not a philosophical debate. They have made investors less money, yet they’ve been paid more," Herman said.
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