Read or Share this story: https://www.usatoday.com/story/money/2020/03/26/coronavirus-furloughs-job-cuts-hilton-ceo-forgoing-salary/2922894001/, Furloughed Hilton workers offered access to other jobs during coronavirus pandemic, Hyatt announces furloughs, pay cuts as coronavirus crushes industry, Your California Privacy Rights/Privacy Policy. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. HILTON WORLDWIDE HOLDINGS income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. He joined the company in 2007. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Coronavirus Tips – Working and Protection. The information shown here is a reporting of information included in the company's proxy statement. Most recently he sold 406 units of HLT stock worth $231,822 on 25 October 2019. What is the salary of Christopher Nassetta? 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. In 2018, Nassetta's salary was $1.25 million and he also received performance-related compensation. Crucial quote Hyatt Hotels announced a series of cuts Wednesday, which include CEO Mark Hoplamazian and Chairman Tom Pritzker are giving up 100% of their salaries, while the rest of Hyatt's senior executives are taking 50% salary cuts through May. As the President, Chief Executive Officer, and Director of Hilton Worldwide Inc, the total compensation of Christopher Nassetta at Hilton Worldwide Inc is $21,374,100. Rankings In 2019 , Christopher J. Nassetta's compensation ranked … Nassetta will defer his salary for the entire year. President and CEO Christopher Nassetta will forgo his salary. Alternate phone number for … As he read the email—a private equity firm had purchased a hotel chain—he had a feeling the news was going to affect not just his job, but his life. This information is according to proxy statements filed for the 2019 fiscal year. Hilton Worldwide Holdings Inc. CEO Chris Nassetta, ... he will be entitled to a severance of 2.99 times his current base salary and target annual bonus in effect at that time. Hilton announced additional cuts in response to the coronavirus pandemic Thursday. Chris Nassetta: I think it is very much a family environment… we all know we have a big job to do, and I think everybody in this company works really hard (particularly on the frontline, but even in the corporate side) and really does genuinely get motivated by the positive impact we’re having on people’s lives. A link has been sent to your friend's email address. The company has approximately 60,000 direct employees in its corporate offices and hotels in the U.S. and 200,000 more through franchise hotels. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Most recently he sold 406 units of … Chris Nassetta brought Hilton Worldwide Holdings back from near-death by creating a culture that rewards employees to provide great hotel service. Chris Nassetta (Photo by Robert Merhaut) Arlington native Chris Nassetta checked his phone as he got off his boat after a 2007 Fourth of July outing with his daughters on the Chesapeake Bay. The hotel and resorts global chain announced in a news release that president and CEO Christopher Nassetta will forgo his salary for the rest of the year and the company's executive committee will take a 50% pay cut "for the duration of the crisis. For its 2019 fiscal year, HILTON WORLDWIDE HOLDINGS, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Let friends in your social network know what you are reading about. Previously, Mr. Nassetta was President and Chief Executive Officer of Host Hotels Resorts, Inc., a position he held since 2000. Christopher J Nassetta is President/CEO at Hilton Worldwide Holdings Inc. See Christopher J Nassetta's compensation, career history, education, & memberships. Christopher Nassetta, center, with daughter Bailey, from left, brother William, father Paul and brother-in-law Ware Palmer at Capri Ristorante Italiano in McLean. "With travel at a virtual standstill, operations have been suspended across many managed and franchised hotels, and those hotels that remain open have reduced services for guests because of decreased occupancy levels," the company said. Chris Nassetta became the CEO of Hilton Worldwide Holdings Inc. in 2007, and we think it's a good time to look at the executive's compensation against the backdrop of overall company performance.This analysis will also assess whether Hilton Worldwide Holdings pays its CEO appropriately, considering recent earnings growth and total shareholder returns. CEO Christopher Nassetta has foregone his 2020 salary and other executives had their salaries cut in half. A link has been posted to your Facebook feed. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. ... Nassetta will defer his salary for the entire year. Hilton CEO says it took "conviction", "discipline", and "focus" to turn around the legendary hotel chain. I think they’re inspired by that. Christopher has made over 10 trades of the Hilton Worldwide Inc stock since 2006, according to the Form 4 filled with the SEC. Help for Hilton workers: Furloughed Hilton workers offered access to other jobs during coronavirus pandemic, Hotel industry cuts: Hyatt announces furloughs, pay cuts as coronavirus crushes industry. © 2021 USA TODAY, a division of Gannett Satellite Information Network, LLC. President and CEO, Christopher Nassetta, will forgo his salary for the remainder of 2020; The Executive Committee will take a pay cut of 50 percent for the duration of the crisis; Beginning April 4, many of Hilton’s corporate Team Members will have reduced schedules or be … Nassetta also received $2.4M in non-equity incentive plan, $4.3M in option awards, $1.3M in salary and $435.3K in other compensation. The executive team’s pay has been cut by 50% for the duration of the crisis. Four years later, Mr Nassetta returned the company to the public markets at a valuation of $2.4bn. Hilton is also assisting local and national governments to provide housing for first responders and health care workers, according to the release. Contributing: Josh Rivera and Nathan Bomey, Follow USA TODAY reporter Kelly Tyko on Twitter: @KellyTyko. 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). Hilton announced additional cuts in response to the coronavirus pandemic Thursday. Hilton CEO forgoes salary . All proxy statements are public filings made available to the general public by the SEC. ", Many of the corporate team's reduced schedules or furloughs of up to 90 days, which were announced March 23, will begin April 4, the release detailed. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Of this total $1,291,346 was received as a salary, $2,397,525 was received as a bonus, $4,312,483 was received in stock options, $12,937,424 was awarded as stock and $435,343 came from other types of compensation. As President & Chief Executive Officer at HILTON WORLDWIDE HOLDINGS, Christopher J. Nassetta made $21,374,121 in total compensation. Christopher J. Nassetta is President and Chief Executive Officer for Hilton Worldwide. You may also find the annual proxy statement by going directly to the company's website. There are no executives at Hilton Worldwide Inc getting paid more. As the President, Chief Executive Officer, and Director of Hilton Worldwide Inc, the total compensation of Christopher Nassetta at Hilton Worldwide Inc is $21,374,100. Previously, Mr. Nassetta was President and Chief Executive Officer of Host Hotels & Resorts, Inc., a position he held since 2000. This report is not for commercial use. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. What is the salary of Christopher Nassetta? Christopher J. Nassetta is President and Chief Executive Officer for Hilton. Most corporate headcount has been put on furlough for 90 days. Corporate team members not furloughed will have their pay reduced by up to 20%. Most recently he sold 406 units of … There are no executives at Hilton Worldwide Inc getting paid more. The executive team’s pay has been cut by 50% for the duration of the crisis. By the end of October 2018, Christopher had an estimated net … As President & Chief Executive Officer at HILTON WORLDWIDE HOLDINGS, Christopher J. Nassetta made $21,374,121 in total compensation. Hilton CEO Christopher Nassetta is no stranger to managing through crises. "The COVID-19 pandemic has been tough on the travel industry, but Hilton continues to deliver hospitality even during this crisis," the company said in the release, noting hotels have been donating excess food to local pantries. Of this total $1,291,346 was received as a salary, $2,397,525 was received as a bonus, $4,312,483 was received in stock options, $12,937,424 was awarded as stock and $435,343 came from Most corporate headcount has been put on furlough for 90 days. In 2018, Nassetta's salary was $1.25 million and he also received performance-related compensation. Thorough reviews have been conducted to assure this data accurately reflects disclosures. His net worth is about $13.6 million. Executives will continue taking a 50% pay cut for the next 90 days and CEO Christopher Nassetta will continue to forgo his salary for the remainder of 2020. Hilton Worldwide shortly before the 2008 financial crisis, Christopher J. Nassetta guided the hospitality company through tough times. Speaking at the 41st annual NYU International Hospitality Industry Investment Conference last week, Hilton's CEO, Christopher Nassetta says he doesn't tip housekeepers. 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. 31010 [email protected] Another possible email address for Nassetta: [email protected] Hilton also has a dedicated email for its chief executive: ceo @ hilton.com. Those corporate employees not on furlough will have pay reduced by 20%. The company announced Monday it would furlough workers as opposed to … Nassetta had a 2019 base salary of $1.3 … Before you feel sorry for Nassetta’s base salary of a mere $850,000 and $2.26 million in total compensation in 2013 (both lowest among the top … He joined the company in 2007. The chart on this page features a breakdown of the total annual pay for Christopher J. Nassetta, President & Chief Executive Officer at HILTON WORLDWIDE HOLDINGS as reported in their proxy statements. Christopher has made over 10 trades of the Hilton Worldwide stock since 2006, according to the Form 4 filled with the SEC. Christopher has made over 10 trades of the Hilton Worldwide Inc stock since 2006, according to the Form 4 filled with the SEC. Christopher J. Nassetta 7930 Jones Branch Drive McLean, VA 22102 (703) 883 1000, ext. HILTON WORLDWIDE HOLDINGS annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The company announced Monday it would furlough workers as opposed to laying them off. Taking time away to be with my wife and daughters is one of the most important things to me, so I’m thrilled to join Project: Time Off in celebrating National #PlanForVacation Day. Christopher Nassetta: $18,790,698: $11,001,328: $7,789,370: $33,168: 325 times: Choice Hotels International: Former President and CEO: Stephen P. … 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. Hilton President and CEO Chris Nassetta will forgo his salary for the rest of the year and the company's executive committee will take a 50% pay cut for the duration of the crisis prompted by the coronavirus, the company said. 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