Bloomberg News reported yesterday that corporate CEOs are getting handsome pay boosts for their efforts to boost diversity, equity and inclusion (DEI) efforts:
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.
American Airlines Group Inc.’s Robert Isom (pictured above) was paid the highest bonus for boosting diversity at the company, making $520,000 in DEI-linked incentives, Farient’s analysis showed. McDonald’s Corp.’s Chris Kempczinski followed with about $396,300, while bosses at Coca-Cola Co. and Alcoa Corp. also benefited.
The incentive payouts come as a number of companies are scaling back DEI-linked bonuses for executives and reconsidering other diversity initiatives.
NLPC has submitted shareholder proposals that address DEI incentives in executive pay for the 2025 annual meetings at three companies so far: Coca-Cola, PepsiCo, and Goldman Sachs. More are planned.
All the companies’ goals include discriminatory quotas to one degree or another, as each of our proposals explain. NLPC asks the boards of directors of the companies to eliminate the goals as pay inducements for their executives.