Executive Compensation in a COVID-19 Economy — Results, Trends and Expectations

While the U.S. is still dealing with the effects of the COVID-19 pandemic, the 2020 economic recession proved to be sharp, and the rebound, at least in the short-term, robust. The rapidly changing business environment led many companies to pull back and announce executive compensation cuts. Given the rapidly evolving economic context, however, few companies followed through on their previously announced plans. In this report, we will cover how executive compensation changed in the wake of the pandemic, how shareholders reacted, and what to expect moving forward.