Marriott International CEO Arne Sorenson plans to have surgery to treat his pancreatic cancer over the holidays. Verification email has been resent. We’ve done a lot already, but we’re not a digital-first company. (Photo by Allison Shelley/Getty Images), PHOTO: Shares in Marriott have increased 9% since the hack. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. The company said Wednesday that CEO Arne Sorenson asked not to receive bonuses for “individual achievement” or “guest satisfaction” following the data breach. Success! Pinterest. (Photo by SETH HERALD / AFP) (Photo by SETH HERALD/AFP via Getty Images), PHOTO: ... a stark increase from this day in 2019 … Twitter. There are no executives at Marriott International getting paid more. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Please click the button below to agree to our Terms and Conditions and acknowledge our Privacy Policy. But he still made nearly $13 million. 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 … In a video message released on Twitter on March 19, Marriott International president and CEO Arne Sorenson … 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. Advertising. What impact could deplatforming Donald Trump have? 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. Parler, founded in Nevada in 2018, bills itself as an alternative to "ideological suppression" at other social networks. Password reset email has been resent. 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. All times are ET. 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. 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. Dan Bigman - July 15, 2019. For its 2019 fiscal year, MARRIOTT INTERNATIONAL INC /MD/, listed the following CEO pay ratio data on its annual proxy statement to the SEC. This information is according to proxy statements filed for the 2019 fiscal year. (Photo by Joe Raedle/Getty Images), PHOTO: [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. Facebook. 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 (MAR) said in a statement that the company’s compensation reflects its performance and is set by independent board members. Arne Morris Sorenson (born October 13, 1958) is an American hotel executive. ... 3/4/2019. 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). (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images), PHOTO: 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. 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. Data Year: As a member of Board of Directors at MICROSOFT CORP , Arne M. Sorenson made $355,000 in total compensation. By. Justin Sullivan/Getty Images North America/Getty Images. All rights reserved. © 2021 Cable News Network. As President and Chief Executive Officer at MARRIOTT INTERNATIONAL INC /MD/, Arne M. Sorenson made $13,391,883 in total compensation. 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. All Rights Reserved. How have you been able to speak your mind and engage on divisive topics and not end up immolated as other folks have? Marriott’s Arne Sorenson: 2019 CEO of the Year. The information shown here is a reporting of information included in the company's proxy statement. 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. (HLT) during the same period, but is better than a 5% decline for Hyatt 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. Hotel booking sites in particular leak personal information, the security company said. Marriott International CEO Arne Sorenson said Tuesday he will have surgery for pancreatic cancer over the holidays but will continue to run the company. 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 … Most stock quote data provided by BATS. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Linkedin. MARRIOTT INTERNATIONAL INC /MD/ annual reports of executive compensation and pay are most commonly found in the Def 14a documents. As President and Chief Executive Officer at MARRIOTT INTERNATIONAL INC /MD/, Arne M. Sorenson made $13,391,883 in total compensation. Success! The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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 Marriott is the second company to have produced two Chief Executive of Year winners in the award’s 34-year history. 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. (Photo Illustration by Justin Sullivan/Getty Images), PHOTO: That lags the 14% gain for rival Hilton Marriott justified the increases by citing its stock performance and saying that the hack did not materially hurt its bottom line. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Updated Facebook. Check salary, income and/or net worth of Arne Morris Sorenson at WageIndicator.co.uk. By. The estimated Net Worth of Arne M Sorenson is at least $141 Million dollars as of 28 December 2020. He is the President and Chief Executive Officer of Marriott International. Pinterest. Arne Sorenson is the president and CEO of Marriott International. 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. Marriott’s Arne Sorenson: 2019 CEO of the Year. (H). ': 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. Disclaimer. Drew Angerer/Getty Images North America/Getty Images, Google employee on unionizing: Google can't fire us all, PHOTO: 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. Facebook. 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. 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. This report is not for commercial use. 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. 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 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. You may also find the annual proxy statement by going directly to the company's website. Many of those are digital-first companies, which make them a bit threatening for a company like us learning the digital space, hopefully quickly. 84. By. ... Salary Arne Morris Sorenson. 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 is being sued by its customers over the hack, and it hasn’t yet estimated how much the breach will cost the company. 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. ... - Nov 05, 2019 3:00 pm. CNN Sans ™ & © 2016 Cable News Network. 9/30/2020 2:25PM. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Twitter. 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. Said Tuesday he will have surgery for pancreatic arne sorenson salary 2019 over the holidays pay last Year after a hack exposed about. 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