Dallas, TX
CEO pay vs. worker pay: Dallas-Fort Worth companies with the biggest and smallest gaps
Public companies are required to report the ratio between what they pay their CEOs versus what their workers are paid at the median point.
In Dallas-Fort Worth, those gaps run the gamut from an eye-popping 3,079 to 1 to an unusually tiny 0 to 1.
Yes, you read that right. One CEO’s pay is less than his employees.
Fossil Group CEO Kosta Kartsotis’ long-standing practice of refusing all forms of compensation resulted in the smallest wage gap among the 100 largest public companies in Dallas-Fort Worth. The Dallas Morning News analyzes executive pay on an annual basis, using data culled from the companies’ regulatory filings.
Kartsotis’ compensation has totaled $0 since 2005, according to Fossil’s proxy filing. He joined the retailer in 1988 and became CEO in 2000.
In 2014, Fossil told USA Today: “Our CEO continued to refuse all forms of compensation, expressing his belief that, given his level of stock ownership, his primary compensation is met by continuing to drive stock price growth, thereby aligning his interests with stockholders’ interest.’’
After selling some of his stock in 2017, Kartsotis still owns 6.2% of the company’s shares. Fossil’s market capitalization closed Wednesday just above $137 million.
Fossil’s median employee pay was $20,001 in 2022.
Four of the 10 smallest pay gaps were at oil and gas companies, where median salaries tend to be higher. Other sectors like insurance and manufacturing were also represented among the companies with the most CEO-to-worker pay parity.
On the other end of the spectrum, Dallas-based CSW Industrials’ pay ratio of 3,079 to 1 clocked in with the biggest gap.
CSW chief executive Joseph Armes’ compensation was boosted in fiscal 2022 by substantial stock awards, while a majority of the company’s 2,400 employees were located in Vietnam.
CSW identified its median employee as “an hourly manufacturing team member located in Dong Nai, Vietnam” being paid $5,523, according to its proxy filing.
The company’s fiscal year ends March 31 and it has already reported its pay ratio for this year – 355 to 1. Median pay for its Vietnam workers rose to $12,776 in fiscal 2023.
Plano-based Yum China, which operates Taco Bells, KFCs and Pizza Huts in China, had a similar situation with its 2,499:1 ratio. The company’s 364,000 employees are “substantially all” in China, with 75% working part-time or hourly.
Pawn shop operator FirstCash was next in line, mostly because its median employee was in Latin America, where FirstCash operates a majority of its pawn shops.
For related reasons, consumer-oriented brands such as Dave & Busters, Six Flags and Cinemark populated the rest of the list. They all rely heavily on part-time employees or minimum-wage workers to operate their stores, theme parks and movie theaters.
Dallas, TX
Sources: Giants’ DeVito expected out vs. Dallas
New York Giants quarterback Tommy DeVito is expected to be out for Thursday’s game against the Dallas Cowboys because of his forearm injury and Drew Lock is expected to start in his place, sources told ESPN’s Adam Schefter and Jordan Raanan.
DeVito is listed as questionable for the Thanksgiving Day game, but a source told ESPN on Wednesday that DeVito was considered a long shot to play.
He did not travel with the team to Dallas on Wednesday as he was undergoing further evaluation, the Giants said. The team, however, said it expected him to travel to Dallas later Wednesday.
DeVito took several big hits in Sunday’s 30-7 loss to the Tampa Bay Buccaneers. He was making his first start of the season after the Giants released former starter Daniel Jones late last week.
The Giants turn to Lock after bypassing him following the benching of Jones for DeVito. Lock spent the first 10 weeks as the backup, with DeVito as the third string/emergency quarterback.
Lock has a short week and no real practices to get ready for the matchup of NFC East rivals. He also will be playing behind an offensive line without its starting tackles. Andrew Thomas (foot) is on injured reserve and Jermaine Eluemunor (quad) was ruled out Wednesday.
Dallas, TX
Colorado visits Dallas after shootout victory
Associated Press
Colorado Avalanche (13-10, in the Central Division) vs. Dallas Stars (13-8, in the Central Division)
Dallas; Friday, 9 p.m. EST
BETMGM SPORTSBOOK LINE: Stars -140, Avalanche +116; over/under is 6.5
BOTTOM LINE: The Dallas Stars host the Colorado Avalanche after the Avalanche took down the Vegas Golden Knights 2-1 in a shootout.
Dallas is 13-8 overall and 4-2-0 against the Central Division. The Stars have a 4-2-0 record in games they score at least one power-play goal.
Colorado is 13-10 overall and 2-3-0 against the Central Division. The Avalanche have a 2-5-0 record in games their opponents serve fewer penalty minutes.
The teams meet Friday for the first time this season.
TOP PERFORMERS: Matt Duchene has 12 goals and 14 assists for the Stars. Mason Marchment has five goals and seven assists over the last 10 games.
Cale Makar has eight goals and 22 assists for the Avalanche. Mikko Rantanen has eight goals and seven assists over the past 10 games.
LAST 10 GAMES: Stars: 6-4-0, averaging 3.7 goals, 6.4 assists, 3.1 penalties and 8.2 penalty minutes while giving up 2.8 goals per game.
Avalanche: 7-3-0, averaging three goals, 4.8 assists, 2.6 penalties and 5.2 penalty minutes while giving up 2.9 goals per game.
INJURIES: Stars: None listed.
Avalanche: None listed.
___
The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Dallas, TX
Kidd breaks the silence, gives first update on Luka Doncic’s sudden wrist injury
The Dallas Mavericks’ bad injury and availability luck this season continued into Wednesday evening, as Dallas will be without Daniel Gafford, Klay Thompson, Dante Exum, and Luka Doncic against the New York Knicks tonight.
While no one expected Doncic and Exum to play as they are both out with wrist injuries, both Thompson and Gafford had a chance at playing. Thompson will be out for the second straight game with left foot plantar fascia, and Gafford is out with an illness.
This illness has been no joke for Dallas, as both Quentin Grimes and Dereck Lively II were listed on the injury report, but both are available against the Knicks.
The Mavs have found a way to win two of the three games that Doncic has missed due to this sprained wrist that he unexpectedly suffered against the New Orleans Pelicans last Tuesday, and Mavs head coach Jason Kidd gave the first update on Doncic’s status when it comes to the wrist injury on Wednesday night.
“He looks good,” Kidd said at his pregame media availability. “Everything that has come back that he looks good and is getting closer to coming back.”
Kidd then continued to talk about how Doncic has been going through “individual workouts,” and everything that he has “heard or seen is trending in the right direction.” He went through a pregame workout at the American Airlines Center with his wrist taped despite being out, and this is a good sign.
It’s typical for Kidd and the Mavericks to limit what they tell the media when it comes to players’ injuries, but the fact that Doncic is going through workouts and responding well is a good sign. Doncic has not been able to catch a break this season, as he has dealt with a calf contusion, knee contusion, and this wrist sprain over the last two months, and this week-plus off should help get him back to being 100 percent.
He didn’t even seem to be 100 percent with his knee when he injured his wrist against New Orleans, and him getting this time of rest could be huge for him in returning to playing at an MVP level. This wrist injury happened so suddenly against the Pelicans, and even Doncic didn’t know the exact moment it happened. He said that the pain started early on in the game, and it got worse as the game went on. Doncic dubbed his wrist injury as “nothing serious” in his postgame press conference from last Tuesday night, but his availability lately says otherwise.
This season for Dallas, Doncic is averaging 28.1 points, 7.6 rebounds, and 7.6 assists per game while shooting 43.5 percent from the field and 32.4 percent from downtown, and while his numbers are down, Kidd remains confident in his superstar. Kidd emphasized that Doncic is still “human” last week when asked about his slow start to the season, and even though Dallas is finding ways to win without him, his return is going to help take this team to another level.
His teammates miss having him on the floor with them, and the Mavs are a completely different team when Doncic is fully healthy and cooking with gas. It has been a while since Mavs fans saw Doncic fully healthy considering the downpour of injuries that slowed him down during the playoffs, and he and Kyrie Irving will have the chance to help push this team back to the top of the Western Conference once he returns from this wrist injury.
-
Science1 week ago
Trump nominates Dr. Oz to head Medicare and Medicaid and help take on 'illness industrial complex'
-
Health5 days ago
Holiday gatherings can lead to stress eating: Try these 5 tips to control it
-
Health3 days ago
CheekyMD Offers Needle-Free GLP-1s | Woman's World
-
Science2 days ago
Despite warnings from bird flu experts, it's business as usual in California dairy country
-
Technology2 days ago
Lost access? Here’s how to reclaim your Facebook account
-
Science1 week ago
Alameda County child believed to be latest case of bird flu; source unknown
-
Sports1 week ago
Behind Comcast's big TV deal: a bleak picture for once mighty cable industry
-
Entertainment16 hours ago
Review: A tense household becomes a metaphor for Iran's divisions in 'The Seed of the Sacred Fig'