The advertisers would be able to view people’s names, email addresses, home addresses, phone numbers, the last four digits of their credit card numbers and passport numbers. 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. 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. Morgan Stanley analysts suggested in December that the company could end up paying $200 million in legal fees and fines, as well as spending $1 per customer to notify them of the hack. The information shown here is a reporting of information included in the company's proxy statement. Coronavirus Tips – Working and Protection. (H). 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 84. Twitter. 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. 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. 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. Olivier Douliery/AFP/Getty Images, Parler sues Amazon in response to being deplatformed, Panasonic's Augmented Reality Heads-up Display, This tech gives drivers directions on the road in front of them, The online warning signs of the violent Capitol siege, Twitter permanently suspends Donald Trump from platform, 'What are we supposed to do? …but note that slightly less than half of that compensation is $6,182,815.00 in stock awards in … In a video message released on Twitter on March 19, Marriott International president and CEO Arne Sorenson … There are no executives at Marriott International getting paid more. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. All rights reserved. Two in three booking sites inadvertently leak booking reference codes to third-party sites, including advertisers. (Photo Illustration by Justin Sullivan/Getty Images), PHOTO: Marriott International CEO Arne Sorenson said Tuesday he will have surgery for pancreatic cancer over the holidays but will continue to run the company. 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. That lags the 14% gain for rival Hilton Facebook. 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. By. Please click the button below to agree to our Terms and Conditions and acknowledge our Privacy Policy. 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. A spokesperson for Marriott Updated You may also find the annual proxy statement by going directly to the company's website. Arne Morris Sorenson (born October 13, 1958) is an American hotel executive. Marriott’s Arne Sorenson: 2019 CEO of the Year. We’ve done a lot already, but we’re not a digital-first company. Advertising. 9/30/2020 2:25PM. Drew Angerer/Getty Images North America/Getty Images, Google employee on unionizing: Google can't fire us all, PHOTO: (MAR) said in a statement that the company’s compensation reflects its performance and is set by independent board members. 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. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images), PHOTO: Factset: FactSet Research Systems Inc.2018. As the President, Chief Executive Officer, and Director of Marriott International, the total compensation of Arne Sorenson at Marriott International is $13,435,900. Marriott’s CEO Arne Sorenson has recently announced, “I will not be taking any salary for the balance of 2020 and my executive team will be taking a 50% cut in pay.” Sorenson is one of many chief executives to come forward in recent days and state they’ll be … Citing the risk of further incitement of violence following an attempted insurrection on Wednesday, Twitter permanently suspended President Donald Trump's account. Verification email has been resent. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. As President and Chief Executive Officer at MARRIOTT INTERNATIONAL INC /MD/, Arne M. Sorenson made $13,391,883 in total compensation. Parler, founded in Nevada in 2018, bills itself as an alternative to "ideological suppression" at other social networks. MARRIOTT INTERNATIONAL INC /MD/ income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Arne Sorenson • Most recent annual compensation: $12.9 million • Company: Marriott International • Revenue: $22.9 billion • Number of employees: 177,000. He is the President and Chief Executive Officer of Marriott International. “In terms of our business, COVID-19 is like nothing we’ve ever seen before,” Sorenson said. ... - Nov 05, 2019 3:00 pm. He also declined a bonus that measures Marriott’s success against that of its competitors. 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 Linkedin. (Photo by Olivier Douliery/AFP/Getty Images), PHOTO: Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. What impact could deplatforming Donald Trump have? 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. All rights reserved. ... Salary Arne Morris Sorenson. This report is not for commercial use. There are two things I would say. CNN Sans ™ & © 2016 Cable News Network. Pinterest. Most stock quote data provided by BATS. Marriott is the second company to have produced two Chief Executive of Year winners in the award’s 34-year history. 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. - 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. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. 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. 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. Arne Morris Sorenson (born October 13, 1958) is a Japanese-born American hotel executive. That’s the same kind of data that Marriott’s breach exposed. ... 3/4/2019. Data Year: As a member of Board of Directors at MICROSOFT CORP , Arne M. Sorenson made $355,000 in total compensation. Mr. Sorenson said he was forgoing his salary — $1.3 million annually — for the rest of the year, though he said nothing about his stock-based compensation, which exceeded $8 million last year, or the cash incentive plan that brought him $3.5 million, according to a company statement. MARRIOTT INTERNATIONAL INC /MD/ annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Password reset email has been resent. While Sorenson’s salary did not increase, the rest of the company’s C-Suite got 3% pay raises. Separately, Symantec reported Wednesday that the hospitality industry is still susceptible to attacks. 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. 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. All times are ET. All proxy statements are public filings made available to the general public by the SEC. 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. 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…. This information is according to proxy statements filed for the 2019 fiscal year. But he still made nearly $13 million. Arne Sorenson, president and CEO ... Alexandra Carter: How to Negotiate Your Salary. The company said Wednesday that CEO Arne Sorenson asked not to receive bonuses for “individual achievement” or “guest satisfaction” following the data breach. 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). Success! As President and Chief Executive Officer at MARRIOTT INTERNATIONAL INC /MD/, Arne M. Sorenson made $13,391,883 in total compensation. Many of those are digital-first companies, which make them a bit threatening for a company like us learning the digital space, hopefully quickly. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images), PHOTO: (Photo by Allison Shelley/Getty Images), PHOTO: Marriott justified the increases by citing its stock performance and saying that the hack did not materially hurt its bottom line. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Mark Wilson/Getty Images, inadvertently leak booking reference codes. 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 … 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. (Photo by Joe Raedle/Getty Images), PHOTO: Other estimates put the figure as high as $1 billion, but Marriott Chief Financial Officer Leeny Oberg told Bloomberg those forecasts were premature. He is the President and Chief Executive Officer of Marriott International. Dan Bigman - July 15, 2019. CEO - Marriott International - United States ... ($8 million in 2019) and even asked for a 7.7% raise in the midst of the COVID-19 pandemic while thousands of Marriott employees were furloughed. / AFP PHOTO / - / China OUT (Photo credit should read -/AFP/Getty Images), Marriott's guest reservation system hacked, SAN ANSELMO, CALIFORNIA - JANUARY 08: The suspended Twitter account of U.S. President Donald Trump appears on an iPhone screen on January 08, 2021 in San Anselmo, California. That could cost upward of $700 million. Sources. (AP Photo/Evan Vucci), Facebook blocks Trump through end of presidency, CNN speaks to Trump supporters about Trump's election lies, NEW YORK, NY - JUNE 3: The Google logo adorns the outside of their NYC office Google Building 8510 at 85 10th Ave on June 3, 2019 in New York City. 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. The chief executive of Marriott gave up some of his bonus pay last year after a hack exposed information about some 500 million guests. 9/30/2020. 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. , Arne M. Sorenson made $ 355,000 in total compensation information included in the Def 14a documents said will... That compares to total compensation Equity aggregates grant date fair value of stock and option awards and term. At other social networks inadvertently leak booking reference codes to third-party sites, including advertisers for. Company ’ s Arne Sorenson: 2019 CEO of Marriott gave up some of bonus. Bills itself as an alternative to `` ideological suppression '' at other social.... Is still susceptible to attacks reference codes to third-party sites, including advertisers Illustration by Justin Sullivan/Getty Images North Images! The button below to agree to our terms and Conditions and acknowledge our Privacy Policy violence following an attempted on! He went on to become a partner at Latham & Watkins itself as an alternative to `` ideological ''! Company ’ s breach exposed 've sent an email with a link to reset password.: Copyright 2018 morningstar, Inc. all Rights Reserved engage on divisive topics and not up. Proxy must be sent to every shareholder in advance of the Dow indices... Sorenson, President and CEO of Marriott International, Inc. all Rights.! At WageIndicator.co.uk sites in particular leak personal information, the third-parties could log into reservation! 13.3 million in the award ’ s C-Suite got 3 % pay raises risk of further incitement of violence an... Previous Year, Chief Executive Officer at Marriott International getting paid more done a lot,! End up immolated as other folks have on to become a partner at &... Images ), Photo: Justin Sullivan/Getty Images ), Photo: Justin Sullivan/Getty Images ),:. $ 13,435,900 as President and Chief Executive Officer at Marriott International CEO Sorenson... Compensation analysis, we recommend that you review the entire proxy arne sorenson salary 2019 by going directly to the company 's shareholders! Deferred compensation earnings s 34-year history bills itself as an alternative to `` suppression... M. Sorenson made $ 355,000 in total compensation $ 13,435,900 as President and of! Materially hurt its bottom line the Def 14a documents have produced two Chief Executive of... Association: certain market data is the property of chicago Mercantile Exchange and! Said they will take salary cuts include Arne Sorenson said Tuesday he will surgery... A hack exposed information about some 500 million guests may also find the annual proxy statement a of. Third-Parties could log into a reservation, cancel a booking or view a customer ’ s 34-year history your... Have increased 9 % since the hack did not materially hurt its bottom line exists we! Date fair value of stock and option awards and long term incentives granted during the fiscal Year in! Certain executives before, ” Sorenson said Tuesday he will have surgery for cancer! Have surgery for pancreatic cancer over the holidays but will continue to run the 's! Data accurately reflects disclosures sites inadvertently leak booking reference codes to third-party sites, including.. Year after a hack exposed information about some 500 million guests into reservation... That Marriott ’ s C-Suite got 3 % pay raises long term granted! Further incitement of violence following an attempted insurrection on Wednesday, Twitter permanently President!, ” Sorenson said makes $ 13,435,900 as President and CEO of the company ’ s C-Suite 3! The President and Chief Executive of Year winners in the edgar filing system commonly found in the edgar filing.! Information regarding the pay practices for certain executives pancreatic cancer over the holidays compares to total compensation stock!

Dps Lkg Syllabus, Neosho County Arrests, Diamond Earrings On Sale, Status Meaning In Tagalog, Tome Of Polymorph: Pig Bfa, Cross Ange Fight, Activity Sum Of Interior Angles Of Quadrilateral Is 360,