Separately, Symantec reported Wednesday that the hospitality industry is still susceptible to attacks. Factset: FactSet Research Systems Inc.2018. (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. [1] A graduate of Luther College and the University of Minnesota Law School, [2] [3] Sorenson became the head of the largest publicly traded hotel chain in the world on March 31, 2012. 9/30/2020 2:25PM. (MAR) said in a statement that the company’s compensation reflects its performance and is set by independent board members. He also declined a bonus that measures Marriott’s success against that of its competitors. ... 3/4/2019. By. Mark Wilson/Getty Images, inadvertently leak booking reference codes. 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. 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. Pinterest. Many of those are digital-first companies, which make them a bit threatening for a company like us learning the digital space, hopefully quickly. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. 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. 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. There are no executives at Marriott International getting paid more. This information is according to proxy statements filed for the 2019 fiscal year. In addition, he makes $13,435,900 as President, Chief Executive Officer, and Director at Marriott International. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Password reset email has been resent. By. 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. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images), PHOTO: Linkedin. Parler, founded in Nevada in 2018, bills itself as an alternative to "ideological suppression" at other social networks. Twitter. Marriott is being sued by its customers over the hack, and it hasn’t yet estimated how much the breach will cost the company. Other estimates put the figure as high as $1 billion, but Marriott Chief Financial Officer Leeny Oberg told Bloomberg those forecasts were premature. 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. 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. On hotel companies' earnings calls in recent weeks, questions from analysts have hinted at concerns about the U.S. economy and whether a recession is on the way. All proxy statements are public filings made available to the general public by the SEC. How have you been able to speak your mind and engage on divisive topics and not end up immolated as other folks have? 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 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. Updated Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. 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. 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. 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 (Photo by SETH HERALD / AFP) (Photo by SETH HERALD/AFP via Getty Images), PHOTO: As President and Chief Executive Officer at MARRIOTT INTERNATIONAL INC /MD/, Arne M. Sorenson made $13,391,883 in total compensation. ': 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. 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. Arne Morris Sorenson (born October 13, 1958) is an American hotel executive. (Photo by Allison Shelley/Getty Images), PHOTO: Shares in Marriott have increased 9% since the hack. (Photo by Joe Raedle/Getty Images), PHOTO: Facebook. For its 2019 fiscal year, MARRIOTT INTERNATIONAL INC /MD/, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Please click the button below to agree to our Terms and Conditions and acknowledge our Privacy Policy. The information shown here is a reporting of information included in the company's proxy statement. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Arne Sorenson • Most recent annual compensation: $12.9 million • Company: Marriott International • Revenue: $22.9 billion • Number of employees: 177,000. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. (HLT) during the same period, but is better than a 5% decline for Hyatt Coronavirus Tips – Working and Protection. In a video message released on Twitter on March 19, Marriott International president and CEO Arne Sorenson … 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. https://chiefexecutive.net/2019-ceo-of-the-year-marriott-arne-sorenson He is the President and Chief Executive Officer of Marriott International. Pinterest. - 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. All rights reserved. 84. “In terms of our business, COVID-19 is like nothing we’ve ever seen before,” Sorenson said. That lags the 14% gain for rival Hilton And his salary did not increase last year. 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. 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 also find the annual proxy statement by going directly to the company's website. To complete your CNN profile and ensure you are able to receive important account information, please verify your email address. A spokesperson for Marriott Marriott International CEO Arne Sorenson said Tuesday he will have surgery for pancreatic cancer over the holidays but will continue to run the company. (H). Arne Sorenson is the president and CEO of Marriott International. 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. © 2021 Cable News Network. 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. 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…. But he still made nearly $13 million. Linkedin. All Rights Reserved. For CEATEC, which marked its 20 th anniversary in 2019, that vision of the future goes hand-in-hand with the exhibition’s overall theme of connecting society and co-creating the future. Thomas Fanning 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? 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. One is a great cultural legacy. …but note that slightly less than half of that compensation is $6,182,815.00 in stock awards in … Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Pinterest. Two in three booking sites inadvertently leak booking reference codes to third-party sites, including advertisers. Success! Citing the risk of further incitement of violence following an attempted insurrection on Wednesday, Twitter permanently suspended President Donald Trump's account. The company said Wednesday that CEO Arne Sorenson asked not to receive bonuses for “individual achievement” or “guest satisfaction” following the data breach. He is the President and Chief Executive Officer of Marriott International. - 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. 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. 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). 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. (Photo by Drew Angerer/Getty Images), PHOTO: MARRIOTT INTERNATIONAL INC /MD/ income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. ... - Nov 05, 2019 3:00 pm. The chart on this page features a breakdown of the total annual pay for Arne M. Sorenson, President and Chief Executive Officer at MARRIOTT INTERNATIONAL INC /MD/ as reported in their proxy statements. That compares to total compensation of $13.3 million in the previous year. In 1983 he graduated from the University of Minnesota Law School, and he went on to become a partner at Latham & Watkins. 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. ... Salary Arne Morris Sorenson. Data Year: As a member of Board of Directors at MICROSOFT CORP , Arne M. Sorenson made $355,000 in total compensation. All times are ET. While Sorenson’s salary did not increase, the rest of the company’s C-Suite got 3% pay raises. Justin Sullivan/Getty Images North America/Getty Images. Verification email has been resent. Dan Bigman - July 15, 2019. Twitter. Linkedin. 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 / 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. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Disclaimer. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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 … Drew Angerer/Getty Images North America/Getty Images, Google employee on unionizing: Google can't fire us all, PHOTO: (Photo by Olivier Douliery/AFP/Getty Images), PHOTO: With that information, the third-parties could log into a reservation, cancel a booking or view a customer’s personal details. What impact could deplatforming Donald Trump have? 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. Marriott’s Arne Sorenson: 2019 CEO of the Year. Dan Bigman - July 15, 2019. As President and Chief Executive Officer at MARRIOTT INTERNATIONAL INC /MD/, Arne M. Sorenson made $13,391,883 in total compensation. 85. By. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images), PHOTO: This report is not for commercial use. That’s the same kind of data that Marriott’s breach exposed. 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. Check salary, income and/or net worth of Arne Morris Sorenson at WageIndicator.co.uk. Arne Sorenson, president and CEO ... Alexandra Carter: How to Negotiate Your Salary. The chief executive of Marriott gave up some of his bonus pay last year after a hack exposed information about some 500 million guests. (Photo Illustration by Justin Sullivan/Getty Images), PHOTO: Marriott justified the increases by citing its stock performance and saying that the hack did not materially hurt its bottom line. The estimated Net Worth of Arne M Sorenson is at least $141 Million dollars as of 28 December 2020. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. CNN Sans ™ & © 2016 Cable News Network. Hotel booking sites in particular leak personal information, the security company said. 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. That could cost upward of $700 million. Others who have said they will take salary cuts include Arne Sorenson, chief executive of the world's biggest hotel chain, Marriott. Advertising. There are two things I would say. All rights reserved. Facebook. 9/30/2020. Arne Morris Sorenson (born October 13, 1958) is a Japanese-born American hotel executive. If an account exists, we've sent an email with a link to reset your password. Facebook. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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 … We’ve done a lot already, but we’re not a digital-first company. Marriott’s Arne Sorenson: 2019 CEO of the Year. Twitter. MARRIOTT INTERNATIONAL INC /MD/ annual reports of executive compensation and pay are most commonly found in the Def 14a documents. ... a stark increase from this day in 2019 … Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. The data breach, which Marriott revealed in November, affected the reservation database of Starwood, a group of hotels Marriott bought in 2016 that includes the St. Regis, Westin, Sheraton and W Hotels. 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. Sources. 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. A Warner Media Company. Marriott International CEO Arne Sorenson plans to have surgery to treat his pancreatic cancer over the holidays. As the President, Chief Executive Officer, and Director of Marriott International, the total compensation of Arne Sorenson at Marriott International is $13,435,900. Success! 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. 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. Most stock quote data provided by BATS. Dan Bigman - July 15, 2019. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Marriott’s Arne Sorenson: 2019 CEO of the Year. Marriott is the second company to have produced two Chief Executive of Year winners in the award’s 34-year history. 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Are no executives at Marriott International getting paid more have you been to...

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