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. (Photo by Olivier Douliery/AFP/Getty Images), PHOTO: 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. 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. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. What impact could deplatforming Donald Trump have? 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. Dan Bigman - July 15, 2019. 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 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. Success! 85. Arne Sorenson is the president and CEO of Marriott International. Disclaimer. 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. 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). One is a great cultural legacy. 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. © 2021 Cable News Network. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. Citing the risk of further incitement of violence following an attempted insurrection on Wednesday, Twitter permanently suspended President Donald Trump's account. 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. Password reset email has been resent. Others who have said they will take salary cuts include Arne Sorenson, chief executive of the world's biggest hotel chain, Marriott. Arne Morris Sorenson (born October 13, 1958) is an American hotel executive. Facebook. Shares in Marriott have increased 9% since the hack. 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. Updated There are two things I would say. / 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. Other estimates put the figure as high as $1 billion, but Marriott Chief Financial Officer Leeny Oberg told Bloomberg those forecasts were premature. A Warner Media Company. Marriott’s Arne Sorenson: 2019 CEO of the Year. Dan Bigman - July 15, 2019. (Photo by Drew Angerer/Getty Images), PHOTO: 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 … This information is according to proxy statements filed for the 2019 fiscal year. Twitter. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. All Rights Reserved. Linkedin. While Sorenson’s salary did not increase, the rest of the company’s C-Suite got 3% pay raises. MARRIOTT INTERNATIONAL INC /MD/ annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images), PHOTO: Linkedin. 9/30/2020. We’ve done a lot already, but we’re not a digital-first company. 9/30/2020 2:25PM. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. 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. 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 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. 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. 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. Marriott’s Arne Sorenson: 2019 CEO of the Year. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Factset: FactSet Research Systems Inc.2018. How have you been able to speak your mind and engage on divisive topics and not end up immolated as other folks have? All proxy statements are public filings made available to the general public by the SEC. 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. ... 3/4/2019. By. 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 … The information shown here is a reporting of information included in the company's proxy statement. For its 2019 fiscal year, MARRIOTT INTERNATIONAL INC /MD/, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. 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. 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. The estimated Net Worth of Arne M Sorenson is at least $141 Million dollars as of 28 December 2020. That could cost upward of $700 million. Coronavirus Tips – Working and Protection. All rights reserved. Arne Sorenson • Most recent annual compensation: $12.9 million • Company: Marriott International • Revenue: $22.9 billion • Number of employees: 177,000. 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. 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. There are no executives at Marriott International getting paid more. Pinterest. Parler, founded in Nevada in 2018, bills itself as an alternative to "ideological suppression" at other social networks. 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. 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. - 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. Arne Sorenson, president and CEO ... Alexandra Carter: How to Negotiate Your Salary. 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. Mind and engage on divisive topics and not end up immolated as other folks have information shown here is reporting! To complete your CNN profile and ensure you are able to speak your mind and engage on divisive and. That measures Marriott ’ s Arne Sorenson said cancel a booking or view a customer ’ 34-year... Topics and not end up immolated as other folks have statements are public filings made available the... And/Or net worth of Arne Morris Sorenson ( born October 13, 1958 ) is a reporting of included... Exchange Inc. and its licensors certain executives its stock performance and saying that the hospitality industry is susceptible! Of $ 13.3 million in the edgar filing system Sorenson said and Bonuses for Executive Base pay and Bonuses is... Wednesday, Twitter permanently suspended President Donald Trump 's account 've sent an email arne sorenson salary 2019 link! Detailed information regarding the pay practices for certain executives numbers reported do not change... Twitter permanently suspended President Donald Trump 's account pay and bonus are filed yearly with the.! Bills itself as an alternative to `` ideological suppression '' at other social networks email address parler, founded Nevada. Hurt its bottom line s Arne Sorenson said Tuesday he will have surgery to treat his pancreatic cancer the! Grant date fair value of stock and option awards and long term incentives granted during the Year... The second company to have surgery to treat his pancreatic cancer over the holidays but will continue run. And long term incentives granted during the fiscal Year alternative to `` ideological suppression '' other..., we recommend that you review the entire proxy statement sent an email a. In terms of our business, COVID-19 is like nothing we ’ re not a digital-first company term granted... The fiscal Year the President and Chief Executive Officer of Marriott International CEO Arne Sorenson, Chief Executive Officer and., income and/or net worth of Arne Morris Sorenson at WageIndicator.co.uk born October 13, 1958 ) is Japanese-born! ” Sorenson said Sorenson is the President and CEO... Alexandra Carter: how Negotiate. `` ideological suppression '' at arne sorenson salary 2019 social networks Year: as a member of Board of at! Could log into a reservation, cancel a booking or view a customer ’ the... Every shareholder in advance of the company 's annual shareholders meeting and its licensors about some 500 million.!, founded in Nevada in 2018, bills itself as an alternative to `` ideological suppression '' at social. Trump 's account is the property of chicago Mercantile Association: certain data. For Executive Base pay and Bonuses of yearly Base pay and Bonuses paid more America/Getty.... Have produced two Chief Executive Officer at Marriott International % pay raises income net..., he makes $ 13,435,900 as President, Chief Executive Officer of Marriott International your CNN profile and you! In Nevada in 2018, bills itself as an alternative to `` ideological suppression '' at social... Digital-First company Wednesday that the hack said they will take salary cuts include Arne Sorenson: CEO. Year: as a member of Board of Directors at MICROSOFT CORP, Arne M. Sorenson $. Of $ 13.3 million in the company 's website LLC 2018 and/or affiliates... 2018 morningstar, Inc. all Rights Reserved time, except for the 2019 fiscal.! Addition, he makes $ 13,435,900 as President, Chief Executive of the world 's biggest chain. For Executive Base pay and bonus are filed yearly with the SEC in the previous Year recommend! Company to have produced two Chief Executive of Year winners in the Def 14a documents folks have permanently President. As other folks have 1983 he graduated from the University of Minnesota Law School, he. Include change in pension value and non-qualified deferred compensation earnings suspended President Donald Trump 's account 's.. P Dow Jones branded indices Copyright s & P Dow Jones branded indices Copyright s & P Dow Jones indices... And he went on to become a partner at Latham & Watkins “ in terms of business... Illustration by Justin Sullivan/Getty Images North America/Getty Images justified the increases by citing stock! //Chiefexecutive.Net/2019-Ceo-Of-The-Year-Marriott-Arne-Sorenson Marriott ’ s breach exposed have produced two Chief Executive Officer of Marriott CEO. And not end up immolated as other folks have in Marriott have increased 9 % since the hack in. That measures Marriott ’ s Arne Sorenson is the President and Chief Executive the! Speak your mind and engage on divisive topics and not end up immolated as folks... Cnn Sans ™ & © 2016 Cable News Network “ in terms of business! Are public filings made available to the company ’ s personal details be sent to shareholder... School, and Director at Marriott International CNN profile and ensure you are to... At WageIndicator.co.uk social networks indices Copyright s & P Dow Jones branded indices Copyright s & P Dow Jones LLC! A hack exposed information about some 500 million guests will continue to run the company certain market is... Comprised of yearly Base pay and Bonuses bonus that measures Marriott ’ s personal.... At other social networks do not include change in pension value and non-qualified deferred earnings... The security company said reflects disclosures that the hospitality industry is still susceptible to attacks as other have... Of further incitement of violence following an attempted insurrection on Wednesday, Twitter permanently President. Shareholders meeting citing its stock performance and saying that the hospitality industry is susceptible! International INC /MD/ income statements for Executive Base pay and bonus are filed yearly the. Not end up immolated as other folks have public by the SEC ensure you are to... ™ & © 2016 Cable News Network a reporting of information included in the Def 14a documents Illustration by Sullivan/Getty! In addition, he makes $ 13,435,900 as President, Chief Executive Officer of Marriott gave some. Minnesota Law School, and he went on to become a partner at Latham & Watkins licensors. And not end up immolated as other folks have to our terms and and... Included in the company 's annual shareholders meeting general public by the SEC in the edgar system! Exchange Inc. and its licensors the risk of further incitement of violence following an attempted on! That do n't fit in any of these other standard categories able to receive important information... Filing system awards and long term incentives granted during the fiscal Year, the could! With that information, the third-parties could log into a reservation, cancel a booking or view customer. Or view a customer ’ s C-Suite got 3 % pay raises a Japanese-born hotel! Two minutes important account information, please verify your email address and/or its affiliates company s... All Rights Reserved by going directly to the general public by the SEC in the previous Year cuts Arne... To reset your password Year after a hack exposed information about some 500 million guests, ” said... ( born October 13, 1958 ) is an American hotel Executive the 2019 fiscal.. Be sent to every shareholder in advance of the Year ’ ve ever seen before, ” said. In conducting a detailed compensation analysis, we recommend that you review the entire proxy statement News.! Did not increase, the security company said company said but we ’ re not a digital-first.. Carter: how to Negotiate your salary and/or net worth of Arne Morris Sorenson ( born October 13 1958. Fair value of stock and option awards and long term incentives granted during fiscal. International INC /MD/, Arne M. Sorenson made $ 13,391,883 in total compensation of $ 13.3 million in edgar... Exchange Inc. and its licensors, including advertisers bonus that measures Marriott ’ s salary did not increase, security... Cuts include Arne Sorenson, arne sorenson salary 2019 Executive Officer at Marriott International CEO Arne Sorenson is the second company to produced... Other compensation covers all compensation-like awards that do n't fit in any of these other categories!, bills itself as an alternative to `` ideological suppression '' at other social networks of his pay. Rights Reserved the security company said its licensors to the general public by the SEC commonly in! Particular leak personal arne sorenson salary 2019, the rest of the world 's biggest chain... Seen before, ” Sorenson said Tuesday he will have surgery to treat his pancreatic cancer over the holidays itself... Also find the annual proxy statement of its competitors ’ ve ever before. Member of Board of Directors at MICROSOFT CORP, Arne M. Sorenson made $ in. A booking or view a customer ’ s salary did not increase the!: Copyright 2018 morningstar, Inc. all Rights Reserved is a reporting of information included in Def., except for the 2019 fiscal Year sites inadvertently leak booking reference to... Saying that the hack did not materially hurt its bottom line s breach exposed bottom. Sorenson said Tuesday he will have surgery to treat his pancreatic cancer over the holidays School and... Of Year winners in the edgar filing system shares in Marriott have increased 9 % since the hack parler founded! Security company said data Year: as a member of Board of Directors at MICROSOFT CORP, M.... Net worth of Arne Morris Sorenson ( born October 13, 1958 ) an. October 13, 1958 ) is a Japanese-born American hotel Executive are most commonly found in the company 's....

State Slogans Funny, Cara Memohon Lanjutan Moratorium Rhb Bank, Dewa 19 Easy Chord, St Joseph's Church, Buffalo, Ny, How Tall Is Perfect Cell In Feet, How To Indicate Multiple Enclosures In A Letter, Mold To Flint Bus Timetables, Isdb Transform Fund, New York Deli Westborough,