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Gap between CEO, employee compensation continued to widen in 2020 in the Triad

The Winston-Salem Journal does a review each year of CEO compensation for 29 corporations based in the Triad or that have significant operations and workforces here.
For fiscal 2020, the chief executives of 15 corporations received at least $100 in compensation for every $1 paid to their median employee. Median is defined as the middle value in a list of numbers.
Median employee compensation factors in regular pay, overtime, bonuses, incentives, allowances and paid time off.
During the early stages of the pandemic, there was speculation among financial analysts that the CEO pay ratio gap might shrink during 2020.
Several corporations temporarily reduced executive management compensation by between 10% and 50%, along with requiring rank-and-file employees to be furloughed for several weeks or receive lower pay for reduced hours. ....

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Stock awards boost 2020 compensation for Hanesbrands' first-year CEO

Hanesbrands chief executive Stephen Bratspies, who took over his new duties on Aug. 3, received $4.83 million in total compensation for fiscal 2020.
Contributed
The fiscal 2020 compensation for Hanesbrands Inc.âs chief executive Stephen Bratspies was heavily tilted â as expected â toward stock and stock options awards, the company said in a regulatory filing Tuesday.
Bratspiesâ total compensation was $4.83 million.
Hanesbrands is the lone publicly traded corporation with headquarters in Winston-Salem, as well as the cityâs only Fortune 500 company. The manufacturer has about 2,500 employees in Forsyth County.
Bratspies took over as chief executive on Aug. 3 already eligible for more than $2.8 million in equity awards. The company said the equity awards were granted âto induce Bratspies to commence employmentâ on his starting date. ....

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Hanesbrands expects more-with-less approach will pay off with long-term growth

For much of Hanesbrands Inc. s nearly 15-year existence, the basic apparel manufacturer s management has been focused on finding a healthy balance between short-term profit and long-term growth. ....

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