For all those that did not see a salary increase in years or decades… think about the figures below. Can we conclude that staff starvation and kleptocracy are obvious in this table? Or is this compensation well deserved for the transformation resulting in cts decline of top line and bottom line? not to mention the employee morale and the culture transformation.
DXC Technology Co, listed the following CEO pay ratio data on its annual proxy statement to the SEC.
FY. CEO PAY MEDIAN EMPLOYEE PAY CEO PAY RATIO
2022 28,716,680 USD 31,294 USD 918:1
2021 21,733,120 USD 42,509 USD 511:1
2020 18,973,666 USD 41,602 USD 456:1
https://www.salary.com/tools/executive-compensation-calculator/michael-j-salvino-salary-bonus-stock-options-for-dxc-technology-co
The CEO Pay Ratio is a wage ratio. Pursuant to Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, publicly traded companies are required to disclose (1) the median total annual compensation of all employees other than the CEO and (2) the ratio of the CEO's annual total compensation to that of the median employee, (3) the wage ratio of the CEO to the median employee.
*** FY2020
As President and Chief Executive Officer, Director at DXC Technology Co, Michael J. Salvino made $18,973,666 in total compensation. Of this total $658,654 was received as a salary, $3,250,000 was received as a bonus, $0 was received in stock options, $9,350,018 was awarded as stock and $61,833 came from other types of compensation. This information is according to proxy statements filed for the 2020 fiscal year.
*** FY2021
As President and Chief Executive Officer, Director at DXC Technology Co, Michael J. Salvino made $21,733,120 in total compensation. Of this total $1,250,000 was received as a salary, $5,000,000 was received as a bonus, $0 was received in stock options, $15,311,312 was awarded as stock and $171,808 came from other types of compensation. This information is according to proxy statements filed for the 2021 fiscal year.
*** FY2022
As President and Chief Executive Officer, Director at DXC Technology Co, Michael J. Salvino made $28,716,680 in total compensation. Of this total $1,365,064 was received as a salary, $2,025,000 was received as a bonus, $0 was received in stock options, $25,087,727 was awarded as stock and $238,889 came from other types of compensation. This information is according to proxy statements filed for the 2022 fiscal year.
A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.
The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.