The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Coronavirus Tips – Working and Protection. Let friends in your social network know what you are reading about. Most recently he sold 406 units of HLT stock worth $231,822 on 25 October 2019. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. He joined the company in 2007. The information shown here is a reporting of information included in the company's proxy statement. 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. What is the salary of Christopher Nassetta? Most recently he sold 406 units of … Hilton Worldwide shortly before the 2008 financial crisis, Christopher J. Nassetta guided the hospitality company through tough times. 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. Crucial quote Corporate team members not furloughed will have their pay reduced by up to 20%. © 2021 USA TODAY, a division of Gannett Satellite Information Network, LLC. By the end of October 2018, Christopher had an estimated net … 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. 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. You may also find the annual proxy statement by going directly to the company's website. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. He joined the company in 2007. Christopher Nassetta, center, with daughter Bailey, from left, brother William, father Paul and brother-in-law Ware Palmer at Capri Ristorante Italiano in McLean. Christopher J Nassetta is President/CEO at Hilton Worldwide Holdings Inc. See Christopher J Nassetta's compensation, career history, education, & memberships. "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. This report is not for commercial use. A link has been posted to your Facebook feed. The executive team’s pay has been cut by 50% for the duration of the crisis. ... Nassetta will defer his salary for the entire year. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Previously, Mr. Nassetta was President and Chief Executive Officer of Host Hotels Resorts, Inc., a position he held since 2000. 31010 [email protected] Another possible email address for Nassetta: [email protected] Hilton also has a dedicated email for its chief executive: ceo @ hilton.com. 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 … "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. 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. Contributing: Josh Rivera and Nathan Bomey, Follow USA TODAY reporter Kelly Tyko on Twitter: @KellyTyko. 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. Most corporate headcount has been put on furlough for 90 days. Nassetta will defer his salary for the entire year. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. There are no executives at Hilton Worldwide Inc getting paid more. Speaking at the 41st annual NYU International Hospitality Industry Investment Conference last week, Hilton's CEO, Christopher Nassetta says he doesn't tip housekeepers. 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. Most corporate headcount has been put on furlough for 90 days. The executive team’s pay has been cut by 50% for the duration of the crisis. 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