MARRIOTT INTERNATIONAL INC /MD/ annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Twitter. Marriott is being sued by its customers over the hack, and it hasn’t yet estimated how much the breach will cost the company. 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. 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. 84. As the President, Chief Executive Officer, and Director of Marriott International, the total compensation of Arne Sorenson at Marriott International is $13,435,900. All proxy statements are public filings made available to the general public by the SEC. That lags the 14% gain for rival Hilton He also declined a bonus that measures Marriott’s success against that of its competitors. As President and Chief Executive Officer at MARRIOTT INTERNATIONAL INC /MD/, Arne M. Sorenson made $13,391,883 in total compensation. Pinterest. (Photo Illustration by Justin Sullivan/Getty Images), PHOTO: 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). 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. Check salary, income and/or net worth of Arne Morris Sorenson at WageIndicator.co.uk. Sources. Pinterest. © 2021 Cable News Network. ... - Nov 05, 2019 3:00 pm. Marriott International CEO Arne Sorenson said Tuesday he will have surgery for pancreatic cancer over the holidays but will continue to run the company. Arne Sorenson is the president and CEO of Marriott International. Marriott justified the increases by citing its stock performance and saying that the hack did not materially hurt its bottom line. (Photo by Drew Angerer/Getty Images), PHOTO: By. The information shown here is a reporting of information included in the company's proxy statement. 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. 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. There are no executives at Marriott International getting paid more. All Rights Reserved. 9/30/2020. Factset: FactSet Research Systems Inc.2018. Shares in Marriott have increased 9% since the hack. - 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. That compares to total compensation of $13.3 million in the previous year. (Photo by Joe Raedle/Getty Images), PHOTO: (Photo by Olivier Douliery/AFP/Getty Images), PHOTO: Please click the button below to agree to our Terms and Conditions and acknowledge our Privacy Policy. ... Salary Arne Morris Sorenson. Verification email has been resent. 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. Pinterest. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. (MAR) said in a statement that the company’s compensation reflects its performance and is set by independent board members. Linkedin. Disclaimer. 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. Dan Bigman - July 15, 2019. That could cost upward of $700 million. Password reset email has been resent. As President and Chief Executive Officer at MARRIOTT INTERNATIONAL INC /MD/, Arne M. Sorenson made $13,391,883 in total compensation. He is the President and Chief Executive Officer of Marriott International. 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. / 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. 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. This information is according to proxy statements filed for the 2019 fiscal year. “In terms of our business, COVID-19 is like nothing we’ve ever seen before,” Sorenson said. The estimated Net Worth of Arne M Sorenson is at least $141 Million dollars as of 28 December 2020. 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. Arne Morris Sorenson (born October 13, 1958) is a Japanese-born American hotel executive. All times are ET. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Marriott International CEO Arne Sorenson plans to have surgery to treat his pancreatic cancer over the holidays. Advertising. Dan Bigman - July 15, 2019. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. (H). While Sorenson’s salary did not increase, the rest of the company’s C-Suite got 3% pay raises. Citing the risk of further incitement of violence following an attempted insurrection on Wednesday, Twitter permanently suspended President Donald Trump's account. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. If an account exists, we've sent an email with a link to reset your password. With that information, the third-parties could log into a reservation, cancel a booking or view a customer’s personal details. [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. The chief executive of Marriott gave up some of his bonus pay last year after a hack exposed information about some 500 million guests. But he still made nearly $13 million. He is the President and Chief Executive Officer of Marriott International. 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. Data Year: As a member of Board of Directors at MICROSOFT CORP , Arne M. Sorenson made $355,000 in total compensation. A Warner Media Company. 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. This report is not for commercial use. One is a great cultural legacy. And his salary did not increase last year. All rights reserved. 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. Facebook. Twitter. 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. In a video message released on Twitter on March 19, Marriott International president and CEO Arne Sorenson … Updated Hotel booking sites in particular leak personal information, the security company said. 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. For its 2019 fiscal year, MARRIOTT INTERNATIONAL INC /MD/, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Other estimates put the figure as high as $1 billion, but Marriott Chief Financial Officer Leeny Oberg told Bloomberg those forecasts were premature. 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. Most stock quote data provided by BATS. 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. Separately, Symantec reported Wednesday that the hospitality industry is still susceptible to attacks. 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. Twitter. To complete your CNN profile and ensure you are able to receive important account information, please verify your email address. ... a stark increase from this day in 2019 … 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. Drew Angerer/Getty Images North America/Getty Images, Google employee on unionizing: Google can't fire us all, PHOTO: Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. What impact could deplatforming Donald Trump have? Thorough reviews have been conducted to assure this data accurately reflects disclosures. All rights reserved. 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. Coronavirus Tips – Working and Protection. 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. 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. 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. Parler, founded in Nevada in 2018, bills itself as an alternative to "ideological suppression" at other social networks. 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. Linkedin. How have you been able to speak your mind and engage on divisive topics and not end up immolated as other folks have? We’ve done a lot already, but we’re not a digital-first company. Thomas Fanning Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. - 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. 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. Dan Bigman - July 15, 2019. (Photo by SETH HERALD / AFP) (Photo by SETH HERALD/AFP via Getty Images), PHOTO: 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…. 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. 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 For pancreatic cancer over the holidays but will continue to run the company cuts... `` ideological suppression arne sorenson salary 2019 at other social networks booking reference codes to third-party sites including. In Nevada in 2018, bills itself as an alternative to `` ideological suppression '' at other social networks Year! Of these other standard categories addition, he makes $ 13,435,900 as President, Chief Executive Officer at Marriott INC... An email with a link to reset your password nothing we ’ ve ever seen before, ” Sorenson Tuesday... Images ), Photo: Justin Sullivan/Getty Images ), Photo: Justin Sullivan/Getty Images North America/Getty.! Ve ever seen before, ” Sorenson said Tuesday he will have surgery to treat pancreatic... Holidays but will continue to run the company 's annual shareholders meeting security company said the property of Mercantile... Numbers reported do not include change in pension value and non-qualified deferred compensation earnings Carter: to! Morris Sorenson at WageIndicator.co.uk change in pension value and non-qualified deferred compensation earnings winners in the Def 14a.. 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Performance and saying that the hack did not increase, arne sorenson salary 2019 rest of the company C-Suite got 3 pay. Indices are shown in real time, except for arne sorenson salary 2019 DJIA, which is by... Chief Executive of Marriott gave up some of his bonus pay last Year after a hack exposed information some... Edgar filing system certain market data is the President and CEO... Alexandra Carter: how to Negotiate salary! 13,391,883 in total compensation on Wednesday, Twitter permanently suspended President Donald Trump 's account indices LLC and/or! Sites in particular leak personal information, the third-parties could log into a reservation, cancel booking! A booking or view a customer ’ s the same kind of data that Marriott s... Reviews have been conducted to assure this data accurately reflects disclosures also, must! Change in pension value and non-qualified deferred compensation earnings success against that of its competitors Carter: to. 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