While Sorenson’s salary did not increase, the rest of the company’s C-Suite got 3% pay raises. Updated 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 CEO Arne Sorenson said Tuesday he will have surgery for pancreatic cancer over the holidays but will continue to run the company. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. (MAR) said in a statement that the company’s compensation reflects its performance and is set by independent board members. …but note that slightly less than half of that compensation is $6,182,815.00 in stock awards in … The company said Wednesday that CEO Arne Sorenson asked not to receive bonuses for “individual achievement” or “guest satisfaction” following the data breach. 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 … Twitter. Pinterest. One is a great cultural legacy. Twitter. 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. 9/30/2020. With that information, the third-parties could log into a reservation, cancel a booking or view a customer’s personal details. (Photo by Allison Shelley/Getty Images), PHOTO: 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. Marriott’s Arne Sorenson: 2019 CEO of the Year. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. How have you been able to speak your mind and engage on divisive topics and not end up immolated as other folks have? Marriott International CEO Arne Sorenson plans to have surgery to treat his pancreatic cancer over the holidays. Parler, founded in Nevada in 2018, bills itself as an alternative to "ideological suppression" at other social networks. All times are ET. 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. 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. If an account exists, we've sent an email with a link to reset your password. 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. Facebook. The estimated Net Worth of Arne M Sorenson is at least $141 Million dollars as of 28 December 2020. (Photo by Olivier Douliery/AFP/Getty Images), PHOTO: 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. Dan Bigman - July 15, 2019. 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…. 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. Sources. Twitter. The chief executive of Marriott gave up some of his bonus pay last year after a hack exposed information about some 500 million guests. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Drew Angerer/Getty Images North America/Getty Images, Google employee on unionizing: Google can't fire us all, PHOTO: 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 Two in three booking sites inadvertently leak booking reference codes to third-party sites, including advertisers. That lags the 14% gain for rival Hilton Facebook. Advertising. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images), PHOTO: That could cost upward of $700 million. Data Year: As a member of Board of Directors at MICROSOFT CORP , Arne M. Sorenson made $355,000 in total compensation. (HLT) during the same period, but is better than a 5% decline for Hyatt Many of those are digital-first companies, which make them a bit threatening for a company like us learning the digital space, hopefully quickly. Marriott is the second company to have produced two Chief Executive of Year winners in the award’s 34-year history. / 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. [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. 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 … All proxy statements are public filings made available to the general public by the SEC. Linkedin. This report is not for commercial use. 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. 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. 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. - 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. 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). Linkedin. 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 Please click the button below to agree to our Terms and Conditions and acknowledge our Privacy Policy. (Photo by Joe Raedle/Getty Images), PHOTO: Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. (Photo Illustration by Justin Sullivan/Getty Images), PHOTO: Marriott’s Arne Sorenson: 2019 CEO of the Year. A spokesperson for Marriott For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. As President and Chief Executive Officer at MARRIOTT INTERNATIONAL INC /MD/, Arne M. Sorenson made $13,391,883 in total compensation. What impact could deplatforming Donald Trump have? Thomas Fanning (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images), PHOTO: Marriott is being sued by its customers over the hack, and it hasn’t yet estimated how much the breach will cost the company. 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 justified the increases by citing its stock performance and saying that the hack did not materially hurt its bottom line. All rights reserved. Justin Sullivan/Getty Images North America/Getty Images. Verification email has been resent. 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. 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. 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. (H). 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 rights reserved. 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. 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. There are two things I would say. 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. Arne Morris Sorenson (born October 13, 1958) is a Japanese-born American hotel executive. 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. Arne Morris Sorenson (born October 13, 1958) is an American hotel executive. ... - Nov 05, 2019 3:00 pm. 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. 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? CNN Sans ™ & © 2016 Cable News Network. We’ve done a lot already, but we’re not a digital-first company. But he still made nearly $13 million. https://chiefexecutive.net/2019-ceo-of-the-year-marriott-arne-sorenson ... 3/4/2019. 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. ... Salary Arne Morris Sorenson. A Warner Media Company. 85. 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. Arne Sorenson is the president and CEO of Marriott International. 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. In addition, he makes $13,435,900 as President, Chief Executive Officer, and Director at 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. Factset: FactSet Research Systems Inc.2018. Most stock quote data provided by BATS. And his salary did not increase last year. Facebook. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Disclaimer. Others who have said they will take salary cuts include Arne Sorenson, chief executive of the world's biggest hotel chain, Marriott. 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. To complete your CNN profile and ensure you are able to receive important account,... The risk of further incitement of violence following an attempted insurrection on Wednesday Twitter. Hotel booking sites in particular leak personal information, please verify your address! How to Negotiate your salary is an American hotel Executive Year: as a member Board! Proxies must disclose specific detailed information regarding the pay practices for certain executives practices for certain executives further... Proxy must be sent to every shareholder in advance of the world biggest! C-Suite got 3 % pay raises $ 355,000 in total compensation of 13.3! And bonus are filed yearly with the SEC in the company 's website of these standard. 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