Firms rewrote bonus plans to protect exec pay during pandemic: Report - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Big businesses are protecting exec pay by rewriting bonus plans and changing performance targets during COVID-19, a report has found

Olive Garden parent company Darden Restaurants was among the firms named in the Semler Brossy Consulting Group report.Big businesses are protecting executives' pay by rewriting bonus plans and changing performance targets, a report has found.

For example, Olive Garden parent company Darden Restaurants modified its bonus plans so that lower sales at the peak of lockdown won't count against execs, the group said. Some companies have simply written off the worst-performing months, while others have added non-financial metrics to bonus-linked targets, according to Semler Brossy Consulting Group's investigation of 29 large US firms, reported by theTen companies modified the period that performance is measured over, typically to cover just a partial year. This means that executives' annual performance won't be dragged down by poor performance during the peaks of the pandemic.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

1. This is why the stimulus is so important. Left to their own devices, corporate execs will protect their bottom 2. If there are no frontline/entry-level employees, who will said business executives lead? 3. Incentives are important to keep employees motivated RaiseTheRate

Become A Profitable💰 Forex Trader 📊 Today. Learn how to invest and generate income all by yourself. Free Signals Legit 100%, NO SCAM🚫 PLEASE. Make $3000 in less than a week💰📉.. DM for more info Markharrisfx

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore Airlines fine-dining restaurant inside aircraft sells out - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. why?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the investment portfolio of a millennial homeowner - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Levi's opening NextGen stores with 'Tailor Shops.' Take a look inside. - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Still gotta go inside....
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business trip during pandemic: testing, empty airports, lonely takeout - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The consultants in high demand during the pandemic and their salaries - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That's nice, well I'm lissa by name and I'm from New York city I'm a full time forex trader and I would love to introduce you to one of the world most benefits investment platform whereby you earn over 100$,2000$,250$,3000$ or 1000$, on a daily basis
Source: BusinessInsider - 🏆 729. / 51 Read more »