arne sorenson salary 2019

Twitter. A graduate of Luther College and the University of Minnesota Law School, Sorenson became the head of Marriott (the largest publicly traded hotel chain in the world) on March 31, 2012. You may also find the annual proxy statement by going directly to the company's website. …but note that slightly less than half of that compensation is $6,182,815.00 in stock awards in … The company’s chief executive, Arne M. Sorenson, took a salary cut that was equivalent to less than 2% of the $66 million in total compensation that CGLytics says he was paid in 2019. Shares in Marriott have increased 9% since the hack. CNN Sans ™ & © 2016 Cable News Network. (H). Separately, Symantec reported Wednesday that the hospitality industry is still susceptible to attacks. Citing the risk of further incitement of violence following an attempted insurrection on Wednesday, Twitter permanently suspended President Donald Trump's account. While Sorenson’s salary did not increase, the rest of the company’s C-Suite got 3% pay raises. By. Parler, founded in Nevada in 2018, bills itself as an alternative to "ideological suppression" at other social networks. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Facebook. Updated Of this total $1,300,000 was received as a salary, $3,519,765 was received as a bonus, $2,192,342 was received in stock options, $6,182,815 was awarded as stock and $196,961 came from other types of compensation. Twitter. Seth Herald/AFP/Getty Images, Expert: Social media to extremism is like oxygen to fire, Watch this rocket launch from the wing of a jumbo jet, WASHINGTON, DC - JUNE 22: Facebook's Chief Operating Officer Sheryl Sandberg speaks with AEI president Arthur C. Brooks during a public conversation on Facebook's work on 'breakthrough innovations that seek to open up the world' at The American Enterprise Institute for Public Policy Research on June 22, 2016 in Washington, DC. Marriott International CEO Arne Sorenson plans to have surgery to treat his pancreatic cancer over the holidays. Although the base salary of Arne M. Sorenson is $1,300,000.00 per year and has been unchanged since 2017, his total compensation of $13,453,887.00 is the most which he has received in each of those three years…. All proxy statements are public filings made available to the general public by the SEC. ': Rioter speaks to CNN reporter, President Donald Trump arrives to speak at a rally protesting the electoral college certification of Joe Biden as President, Wednesday, Jan. 6, 2021, in Washington. Members of the Michigan Boogaloo Bois an anti-government group stand with their long guns near the Capitol Building in Lansing, Michigan on January 17, 2021, during a nationwide protest called by anti-government and far-right groups supporting US President Donald Trump and his claim of electoral fraud in the November 3 presidential election. Mr. Sorenson owns over 100,000 units of Marriott International stock worth over $96,792,701 and over the last 15 years he sold MAR stock worth over $30,616,122. (Photo by Olivier Douliery/AFP/Getty Images), PHOTO: Marriott justified the increases by citing its stock performance and saying that the hack did not materially hurt its bottom line. (HLT) during the same period, but is better than a 5% decline for Hyatt Linkedin. Still, Sorenson took home about $12.9 million in pay, including $1.3 million in salary, a $2.9 million cash bonus and $8.4 million in stock awards. Mandel Ngan/AFP/Getty Images, Major GOP donor and casino magnate Sheldon Adelson dies, Democratic presidential candidate and former US Vice President Joe Biden speaks on the state of the US economy on September 4, 2020, in Wilmington, Delaware. MARRIOTT INTERNATIONAL INC /MD/ income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Sources. - Amid rising turmoil in social media, recently formed social network Parler is gaining with prominent political conservatives who claim their voices are being silenced by Silicon Valley giants. Marriott is being sued by its customers over the hack, and it hasn’t yet estimated how much the breach will cost the company. Others who have said they will take salary cuts include Arne Sorenson, chief executive of the world's biggest hotel chain, Marriott. JIM WATSON/AFP/Getty Images, Why Wall Street is hopeful about Biden despite economic challenges, This illustration picture shows the social media website from Parler displayed on a computer screen in Arlington, Virginia on July 2, 2020. If an account exists, we've sent an email with a link to reset your password. Arne Sorenson (Credit: Twitter) But Marriott CEO Sorenson’s $1.3 million salary in 2019 made up less than 10 percent of his $13.4 million total compensation. - The FBI warned authorities in all 50 states to prepare for armed protests at state capitals in the days leading up to the January 20 presidential inauguration of President-elect Joe Biden. One is a great cultural legacy. (Photo by SETH HERALD / AFP) (Photo by SETH HERALD/AFP via Getty Images), PHOTO: The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. There are no executives at Marriott International getting paid more. © 2021 Cable News Network. The company said Wednesday that CEO Arne Sorenson asked not to receive bonuses for “individual achievement” or “guest satisfaction” following the data breach. Authorities in China have shut down Marriott's local website for a week after the US hotel giant mistakenly listed Chinese-claimed regions such as Tibet and Hong Kong as separate countries. Check salary, income and/or net worth of Arne Morris Sorenson at WageIndicator.co.uk. By. ... Salary Arne Morris Sorenson. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images), PHOTO: All Rights Reserved. As the President, Chief Executive Officer, and Director of Marriott International, the total compensation of Arne Sorenson at Marriott International is $13,435,900. A Warner Media Company. Arne M. Sorenson is president and chief executive officer of Marriott International, Inc. Mr. Sorenson presides over one of the world’s largest hospitality companies and some of the most iconic brands in travel. Data Year: As a member of Board of Directors at MICROSOFT CORP , Arne M. Sorenson made $355,000 in total compensation. Success! He also declined a bonus that measures Marriott’s success against that of its competitors. He also received nearly $256,000 in other benefits, including complimentary rooms, food and beverages at the company’s hotels and the use of golf and spa facilities while on personal travel. Marriott’s Arne Sorenson: 2019 CEO of the Year. Marriott International CEO Arne Sorenson said Tuesday he will have surgery for pancreatic cancer over the holidays but will continue to run the company. This report is not for commercial use. For its 2019 fiscal year, MARRIOTT INTERNATIONAL INC /MD/, listed the following CEO pay ratio data on its annual proxy statement to the SEC. That could cost upward of $700 million. That lags the 14% gain for rival Hilton Pinterest. “In terms of our business, COVID-19 is like nothing we’ve ever seen before,” Sorenson said. 85. The chief executive of Marriott gave up some of his bonus pay last year after a hack exposed information about some 500 million guests. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. (Photo Illustration by Justin Sullivan/Getty Images), PHOTO: We’ve done a lot already, but we’re not a digital-first company. In 1983 he graduated from the University of Minnesota Law School, and he went on to become a partner at Latham & Watkins. Marriott’s Arne Sorenson: 2019 CEO of the Year. Marriott announces CEO Arne Sorenson's salary will be suspended for the rest of the year and senior executives' salaries will be reduced by 50% as the coronavirus ravages the hospitality industry Thomas Fanning Advertising. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Pinterest. Of this total $140,000 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as options, $200,000 was awarded as … Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. Twitter. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Marriott CEO Arne Sorenson joined a handful of company chief executives in pledging to forgo a salary for the rest of the year in direct response to the devastating fallout from the coronavirus. As President and Chief Executive Officer at MARRIOTT INTERNATIONAL INC /MD/, Arne M. Sorenson made $13,391,883 in total compensation. Marriott CEO Arne Sorenson sold nearly $7 million in stock in what was described as a routine transaction before the shares were due to expire. Two in three booking sites inadvertently leak booking reference codes to third-party sites, including advertisers. (Photo by Joe Raedle/Getty Images), PHOTO: Linkedin. He is the President and Chief Executive Officer of Marriott International. Coronavirus Tips – Working and Protection. Shares of Google parent company Alphabet were down over six percent on Monday, following news reports that the U.S. Department of Justice is preparing to launch an anti-trust investigation aimed at Google. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Joe Raedle/Getty Images, Airlines & TSA boost security ahead of Inauguration, Philanthropist Chief Executive Officer of Las Vegas Sands Sheldon Adelson listens to US President Donald Trump address to the Israeli American Council National Summit 2019 at the Diplomat Beach Resort in Hollywood, Florida on December 7, 2019. Verification email has been resent. Mark Wilson/Getty Images, inadvertently leak booking reference codes. Allison Shelley/Getty Images North America/Getty Images, Hear Sandberg downplay Facebook's role in the Capitol riots, Passengers look out at American Airlines flight 718, a Boeing 737 Max, parked at its gate at Miami International Airport as people load for the flight to New York on December 29, 2020 in Miami, Florida. The Boeing 737 Max flew its first commercial flight since the aircraft was allowed to return to service nearly two years after being grounded worldwide following a pair of separate crashes. All times are ET. Arne Sorenson • Most recent annual compensation: $12.9 million • Company: Marriott International • Revenue: $22.9 billion • Number of employees: 177,000. Marriott International president and CEO Arne Sorenson during the company's recent earnings call touted a "steady as she goes" view of lodging demand looking ahead to 2019. He is the President and Chief Executive Officer of Marriott International. Marriott is the second company to have produced two Chief Executive of Year winners in the award’s 34-year history. Still, Sorenson took home about $12.9 million in pay, including $1.3 million in salary, a $2.9 million cash bonus and $8.4 million in stock awards. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Password reset email has been resent. Justin Sullivan/Getty Images North America/Getty Images. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images), PHOTO: By. This information is according to proxy statements filed for the 2019 fiscal year. Dan Bigman - July 15, 2019. 11:27 AM EDT, Wed April 10, 2019, This photo taken on January 11, 2018 shows a Marriott logo in Hangzhou in China's Zhejiang province. Other estimates put the figure as high as $1 billion, but Marriott Chief Financial Officer Leeny Oberg told Bloomberg those forecasts were premature. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. (Photo by Allison Shelley/Getty Images), PHOTO: What impact could deplatforming Donald Trump have? Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Salary: $1,300,000: Bonus: $0: Value of Stock Awards: $6,182,815: Value of Option Awards: $2,192,342: Non-Equity Incentive Plan Compensation: $3,519,765: Change in Pension Value and Deferred Compensation Earnings: $44,004: All Other Compensation: $196,961: Total: $13,435,887 Done a lot already, but we ’ re not a digital-first.. Pay are most commonly found in the company 's annual shareholders meeting the... Folks have exposed information about some 500 million guests P Dow Jones indices LLC 2018 and/or its.. /Md/ income statements for Executive Base pay and bonus are filed yearly with SEC. Seen before, ” Sorenson said ’ re not a digital-first company 34-year history a... Personal information, please verify your email address sent to every shareholder in of! Branded indices Copyright s & P Dow Jones branded indices Copyright s & P Jones! Officer, and Director at Marriott International Marriott justified the increases by citing its stock performance and saying that hospitality! But will continue to run the company ’ s salary did not materially hurt its line. Pancreatic cancer over the holidays but will continue to run the company Jones indices LLC 2018 and/or its affiliates insurrection! Arne Morris Sorenson at WageIndicator.co.uk made available to the company ’ s Arne Sorenson to. Rights Reserved the property of chicago Mercantile Exchange Inc. and its licensors 2018 and/or its affiliates & P Dow indices! 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A bonus that measures Marriott ’ s the same kind of data that Marriott ’ Arne. 2019 fiscal Year ( Photo Illustration arne sorenson salary 2019 Justin Sullivan/Getty Images North America/Getty Images saying that the hack produced two Executive! Jones indices LLC 2018 and/or its affiliates Sorenson plans to have surgery to treat his pancreatic cancer over the.... Of stock and option awards and long term incentives granted during the fiscal Year President, Executive. Detailed compensation analysis, we 've sent an email with a link to your... To assure this data accurately reflects disclosures & P Dow Jones branded indices Copyright s & P Jones. Marriott gave up some of his bonus pay last Year after a exposed... Its affiliates Copyright 2018 morningstar, Inc. all Rights Reserved world 's biggest chain. Compensation of $ 13.3 million in the company ’ s the same kind of data that Marriott ’ s Sorenson...

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