Pandemic puts booming CEO pay under the microscope

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here.What’s happening: This week, Sen. Bernie Sanders introduced legislation that would tax companies believed to be overcompensating top brass, while Starbucks (SBUX) shareholders voted against the company’s CEO pay proposal — a rare move that indicates some think Kevin Johnson is overpaid.Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to keep him in the position through fiscal year 2022.Shareholders typically don’t balk at lavish rewards for executives so long as they line up with a company’s performance.

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