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How AP and Equilar calculated CEO pay

Published Sat, 22 Feb 2025 09:30:00 GMT

For its annual analysis of CEO pay, The Associated Press used data provided by Equilar, an executive data firm.Equilar examined regulatory filings detailing the pay packages of 343 executives. Equilar looked at companies in the S&P 500 index that filed proxy statements with federal regulators between Jan. 1 and April 30, 2023. To avoid the distortions caused by sign-on bonuses, the sample includes only CEOs in place for at least two years.To calculate CEO pay, Equilar adds salary, bonus, perks, stock awards, stock option awards and other pay components.Stock awards can either be time-based, which means CEOs have to wait a certain amount of time to get them, or performance-based, which means they have to meet certain goals before getting them. Stock options usually give the CEO the right to buy shares in the future at the price they’re trading at when the options are granted. All are meant to tie the CEO’s pay to the company’s performance.To determine what stock and option awards...

Global stocks sink before US Congress votes on deal to avoid debt default

Published Sat, 22 Feb 2025 09:30:00 GMT

BEIJING (AP) — Global stock markets sank Wednesday ahead of a vote by the U.S. Congress on a deal to avert a government debt default, while a downturn in Chinese factory activity deepened, adding to signs that the world’s economic activity is weakening.Markets in London, Shanghai, Paris and Tokyo retreated. Oil prices declined.Wall Street’s benchmark S&P 500 index edged up less than 0.1% on Tuesday as President Joe Biden and Speaker Kevin McCarthy of the House of Representatives tried to line up votes to raise the amount the government is allowed to borrow. Officials warn the Treasury will run out of money as soon as next week, which would roil the economy and financial markets.“Any upcoming obstacle to a smooth pass-through of the deal could still trigger some de-risking,” Yeap Jun Rong of IG said in a report.On Wednesday, an official Chinese survey of manufacturers found activity contracted in May on weak global and domestic consumer demand.In early trading, the FT...

CEOs got smaller raises. It would still take a typical worker two lifetimes to make their yearly pay

Published Sat, 22 Feb 2025 09:30:00 GMT

After ballooning for years, CEO pay growth is finally slowing.The typical compensation package for chief executives who run S&P 500 companies rose just 0.9% last year, to a median of $14.8 million, according to data analyzed for The Associated Press by Equilar. That means half the CEOs in the survey made more and half made less. It was the smallest increase since 2015.Still, that’s unlikely to quell mounting criticism that CEO pay has become excessively high and the imbalance between company bosses and rank-and-file workers too wide. Discontent over that gap has helped fuel labor unrest, and even some institutional investors have pushed back against a few of the most eye-popping packages.The smaller increase came after CEO pay soared 17% in 2021, when boards rewarded top executives handsomely for steering their companies through the pandemic-induced recession. Trump pledges to end birthright citizenship on first day in office Many of the compensation packages were ap...

Recipes: Three ways to make strawberries even tastier

Published Sat, 22 Feb 2025 09:30:00 GMT

Last winter was a terrible time to be a strawberry in California — and maybe an even worse time to be a strawberry farmer.At Harry’s Berries in Oxnard, California, the rain came down so hard it flattened acres of strawberry beds “like pancakes,” said operations manager Kristopher Gean, whose grandfather Harry Iwamoto started the farm more than 50 years ago. Each bed had to be dug up by hand, costing the farm more than $100,000 in labor.Even then, the berries that survived to make it to market were bloated, insipid and expensive. “Everyone on Instagram was complaining: ‘These berries don’t taste that good,’” Gean said. “And they were right.”From January to March, bad weather and bland berries were the rule for farmers across California, who grow about 85% of the commercial strawberries in the United States. And the devastated crops, with their low yields, astronomically drove up prices for any berries you could find.Things have finally turned around: California berries are back on th...

Lake George traffic stop ends in firearm arrest

Published Sat, 22 Feb 2025 09:30:00 GMT

LAKE GEORGE, N.Y. (NEWS10) -- A traffic stop in Lake George resulted in a firearm arrest, according to the Warren County Sheriff's Office. John Becker Jr. (41, Troy) faces multiple charges. Get the latest, news, weather, sports and community events delivered right to your inbox! On Saturday, May 20, around 9:37 p.m., patrols from the Warren County Sheriff's Office conducted a traffic stop on a 2012 Nissan after it allegedly committed unspecified traffic offenses. After being pulled over on State Route 9N in Lake George, Becker Jr. was identified as a passenger.Deputies say Becker Jr., a two-time convicted felon, had a loaded 40-caliber handgun. Due to his prior felony convictions, Becker Jr. is prohibited from possessing firearms. Troy man charged in connection to Hedley Building break-in Charges:Third-degree criminal possession of a weaponSecond-degree obstructing governmental administrationBecker Jr. was processed at Sheriff's Office Headquarters and was placed in police lock...

Saratoga Springs suffers loss to Suffern in Subregionals

Published Sat, 22 Feb 2025 09:30:00 GMT

SCHUYLERVILLE, N.Y. (NEWS10) -- The Saratoga Springs girls lacrosse team won their first section title in five years last week, taking down Shaker for the Class A crown. They looked to start a state tournament run on Tuesday, taking on Suffern out of Section 1 in Subregional action. Get the latest, news, weather, sports and community events delivered right to your inbox! The Blue Streaks got on the board first, but Suffern quickly answered with a four goal run to take a 4-1 lead. The Blue Streaks made a run to end the half thanks to goals from Carly Wise, Janie Baringer, and Faith Britton, entering the half down 5-4.Saratoga Springs battled in the second half, but came up just short, falling to Suffern 9-7.

Blue Devils make college commitments official at signing day

Published Sat, 22 Feb 2025 09:30:00 GMT

EAST GREENBUSH, N.Y. (NEWS10) -- Tuesday was a special day at Columbia High School. 21 Blue Devils made their college commitments, taking their athletic and academic careers to the next level. Get the latest, news, weather, sports and community events delivered right to your inbox! The full list of athletes, and where they're headed can be found below: Jake Baker (Lacrosse/LeMoyne College)Allison Beattie (Lacrosse/SUNY New Paltz)Brady Bell (Soccer/Clarkson University)Sophia Bissaillion (Basketball/ SUNY Cortland)Kyle Blake (Baseball/SUNY Brockport)Zakkary Ciliberti (Football/Nichols College)Elias Conway (Baseball/University of Delaware)Riley DeJohn (Lacrosse/Western New England College)Kayla Dougherty (Cheerleading/SUNY Albany)Kyle Hebler (Soccer/SUNY College of Environmental Science)Henry Heeps (Volleyball/Sacred Heart University)Aiden Laurange (Football/Pace University)Korin Laurilla (Baseball/SUNY Cobleskill)Gianna Lenartz (Softball/Russell Sage College)Kejhaune Lester (Track ...

Play of the Week winner - Saratoga Springs' Janie Baringer

Published Sat, 22 Feb 2025 09:30:00 GMT

SARATOGA SPRINGS, N.Y. (NEWS10) -- Congratulations to this week’s winner of our Play of the Week poll, Saratoga Springs' Janie Baringer! Get the latest, news, weather, sports and community events delivered right to your inbox! Baringer tallied the slick backhanded goal against Shenendehowa in the Class A semifinals. Vote here for this week’s Play of the Week poll!

Two dead, eight wounded in Russian attack in Donetsk region

Published Sat, 22 Feb 2025 09:30:00 GMT

Two people were killed and eight wounded in a Russian attack on the city of Toretsk in the eastern region of Donetsk on Monday (29 May), Regional Governor Pavlo Kyrylenko said.Kyrylenko said Russia had used high-explosive aerial bombs in the attack at about 11:30 a.m. (0830 GMT), damaging a gas station and a multi-storey building in the small city which had a pre-war population of about 30,000 people.Rescue services were working at the site, he said, urging remaining residents to evacuate."Every day, the Russians purposefully hit civilians in the Donetsk region," Kyrylenko said on the Telegram messaging app.Russia has previously denied targeting civilians and has rejected allegations of war crimes in what it calls a "special military operation".The Donetsk region has seen some of the fiercest battles of Russia's war on Ukraine.

Ask Amy: While I was planning to propose in a big way, she did something blatantly hurtful

Published Sat, 22 Feb 2025 09:30:00 GMT

Dear Amy: My girlfriend and I have been together for three years.She recently took a trip to her hometown. While there, she met up with a married friend of hers who has been blatantly inappropriate in the past.While she was gone, I was busy planning a proposal: ring shopping, venue, photography, the works.I clearly expressed my discomfort with this friendship, but she went ahead and met with him. (She has other male friends I have absolutely no qualms about.) Her lack of boundaries has been an occasional issue, but this time I feel really hurt.We discussed this with our therapist, who also thought it was not OK that she met up with this friend, but my girlfriend seems to think there is nothing wrong with it.She said they met in a restaurant and he tried making a pass at her, but nothing happened.During our therapy session, I pleaded that, even if she truly didn’t see a reason to block this person, would she at least do it for me?She said she’d blocked him, but it turns out she just ...