American Airlines CEO Robert Isom and other CEOs were paid bonuses related to diversity initiatives.
American Airlines CEO Robert Isom introduces Gov. Greg Abbott before a a fireside chat with U.S. Travel president and CEO Geoff Freeman at American Airlines headquarters, Tuesday, Oct. 15, 2024, in Fort Worth.For all the pushback against corporate DEI programs for allegedly discriminating against white men, it turns out the policies have been lucrative for some of the most powerful among them.
White men make up the majority of 28 chief executive officers who were paid bonuses for meeting their company’s diversity, equity and inclusion goals last year, according to analysis by Farient Advisors, an executive compensation consulting firm. The CEOs, whose businesses set how much of their bonuses were tied to short-term DEI goals as well as their payouts, collectively took home about $5 million.making $520,000 in DEI-linked incentives, Farient’s analysis showed. McDonald’s Corp.
Farient, based in New York and Los Angeles, analyzed regulatory filings of companies in the S&P 1500 Index and focused on 28 corporations whose CEOs received $50,000 or more in short-term incentives linked to DEI. Other C-Suite executives and middle managers have also received DEI bonuses.Two female CEOs, both white, also were in the group, with Nasdaq Inc.’s Adena Friedman paid $375,000 and Beth Wozniak at nVent Electric Plc receiving about $79,000.
Representative for American Airlines, McDonalds, Nasdaq and nVent declined to comment on the figures. A spokesperson for nVent said promoting a culture of inclusion and diversity is important to the company’s strategy as diverse perspectives are key for innovation and growth. Brian Bueno, who leads Farient’s environmental, social and governance practice, said that while a small number of companies have so far dropped bonuses linked to DEI, he expects more will follow next year.American Airlines gives rosier outlook after revamping sales strategy
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