Tag: salary

  • CEO of water brand donates salary to LA fire victims, reduces income to

    CEO of water brand donates salary to LA fire victims, reduces income to $1

    Jordan Bass, CEO and co-founder of Hop Wtr, a non-alcoholic beverage brand, reduced his salary to $1 to provide immediate financial support to his employees, first responders and Los Angeles community members who were affected by the wildfires in January.

    Headquartered in Los Angeles, Hop Wtr team members were forced to evacuate their homes, uncertain of what they might return to.

    “Work took a backseat during that period,” Bass told FOX Business. “We’re a small company, so I have personal relationships with everyone in the company. I know all of our people. I know their families.”

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    Jordan Bass, CEO and co-founder of Hop Wtr, reduced his salary to $1 to support victims and employees during the devastating Los Angeles wildfires in January 2025. (Axelle/Bauer-Griffin/GC Images / Getty Images | Hop Wtr / Getty Images)

    Amid evacuations, Bass ensured the safety of his employees by quickly coordinating forms of mass communication to team members living in and out of California. With Bass’ salary reduction, he was able to provide incremental funds for affected employees. This included reimbursement for air purifiers.

    “We really care about each other pretty deeply,” Bass said. “I’m not a billionaire. We don’t have a big philanthropy department, but we felt really compelled to help. I hope this inspires other CEOs to contribute if they can.”

    Despite having urgently evacuated his own family amid the raging wildfires, Bass said his team immediately mobilized and donated 10,000 cans of water to first responders, fire stations, fire camps and evacuation centers.

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    “We realized we had a product that people needed, and we felt a real calling to help,” Bass told FOX Business.

    “I just felt like I wanted to do more,” Bass said. “It wasn’t enough and the quickest way for me to do that was lower my salary and contribute those funds to help our employees get through this situation, help them with recovery, help continue to get clean water to those in need and to help with the rebuilding efforts.”

    As part of their continued efforts to help amid the LA fires, Hop Wtr partnered with All Hands and Hearts, a volunteer-powered nonprofit, to disperse both water and financial support. Furthermore, Hop Wtr supported community outreach by establishing communication channels for people who were in need. The brand also launched a fundraising campaign for customers which garnered thousands of dollars.

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    Cans of Hop Wtr

    Hop Wtr provided 10,000 cans of water to first responders, fire camps and more immediately after wildfires raged in LA. An additional 50,000 cans were later distributed. (HOP WTR / Fox News)

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    “It’s really amazing to see that,” Bass said.

    “I believe that as a business leader, it’s imperative to use my business platform for good and this has been absolutely devastating on many people,” he said. “I call on other CEOs to do the same and use your company, your salary, your platform to help with this recovery.”

  • First on Fox: Trump Cabinet nominee Loeffler pledges to donate salary to charity if confirmed

    First on Fox: Trump Cabinet nominee Loeffler pledges to donate salary to charity if confirmed

    EXCLUSIVE: Former Sen. Kelly Loeffler, President Donald Trump’s nominee to serve as Small Business Administration (SBA) administrator, plans to donate her entire federal salary to charity, Fox News Digital has learned.

    Loeffler, a prominent business executive and philanthropist who served as a senator from Georgia for two years, goes in front of the Senate’s Small Business and Entrepreneurship Committee on Wednesday for her confirmation hearing.

    If confirmed, Loeffler says she would donate her annual federal pay of approximately $207,500 to charity.

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    Small Business Administration nominee Kelly Loeffler arrives for a meeting with Sen. John Cornyn, R-Texas, at his office on Capitol Hill, Wednesday, Jan. 22, 2025. (AP Photo/Rod Lamkey, Jr.)

    The pledge by Loeffler, whose net worth is estimated at roughly $1 billion, follows her actions in Congress from 2019 to 2021, when she donated her Senate salary of $174,000 per year to over 40 Georgia charities and nonprofits. 

    Among those included were food banks, faith groups and organizations opposed to abortion, foster care/adoption groups as well as organizations promoting health care, agriculture, education, law enforcement, and disaster relief. 

    Loeffler also donated $1 million to Phoebe Putney Hospital in Albany at the height of the pandemic, when the city in Southwest Georgia was one of the hardest hit in the nation. 

    Former Republican Georgia Sen. Kelly Loeffler

    Then-Republican Sen. Kelly Loeffler speaks during a campaign event at Valdosta Regional Airport in Valdosta, Georgia, Dec. 5, 2020. (Reuters/Dustin Chambers)

    Loeffler, who hails from a family of small business owners and entrepreneurs, was raised working on the family farm in Illinois. After becoming the first in her family to graduate college, she spent nearly three decades working her way up in the private sector.  

    Along with her husband Jeff, Loeffler built a Fortune 500 financial services and technology company from 100 employees to 15,000. Loeffler later launched another company, named Bakkt, as its founding CEO and first employee. She was also a part owner of the WNBA’s Atlanta Dream.

    Loeffler and her husband have long been major donors to Republican causes and and candidates, including Trump. Loeffler served as co-chair of the president-elect’s inaugural committee.

    Loeffler and Trump in 2021

    President Donald Trump and Sen. Kelly Loeffler attend a campaign rally at Dalton Regional Airport on Jan. 4, 2021, in Dalton, Georgia. (Alex Wong/Getty Images)

    “Like President Trump, Senator Loeffler left behind a successful career in the private sector to advance the America First agenda. Should she be confirmed, she will continue the practice of donating her federal salary to charities and nonprofits across the country – and put her full focus on working to make the Small Business Administration a gateway to the American Dream for entrepreneurs across the country,” Loeffler spokeswoman Caitlin O’Dea told Fox News.

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    While successful in the business world, Loeffler was not well known until becoming a politician.

    After GOP Sen. Johnny Isakson resigned from the Senate at the end of 2019 due to his deteriorating health, Republican Gov. Brian Kemp of Georgia appointed Loeffler to fill Isakson’s unexpired term until the next regular election.

    Loeffler narrowly lost to Democrat Raphael Warnock in a runoff election in January 2021, after no candidate topped 50% of the vote in a crowded field of contenders in the November 2020 Senate election.

  • Bryson DeChambeau using Saudi-funded 5M LIV Golf salary to expand size of town by 200 acres

    Bryson DeChambeau using Saudi-funded $125M LIV Golf salary to expand size of town by 200 acres

    LIV Golfer Bryson DeChambeau has a grand plan for the $125 million he’s receiving from his Saudi Arabian bosses. 

    The controversial 31-year-old golf star said during an interview on “The Joe Pomp Show” he bought 200 acres of land in his hometown of Modesto, California, and plans to expand the town by 30%.

    “We are doing a mega project,” DeChambeau said. “It’s been in the works for a couple of years now, and we’re at the place where we are getting permits to build. People know about it now. 

    “We have acquired massive amounts of land in my hometown, and it’s a three-phase process to build a whole community and increase the size of where I grew up by 30%”

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    Bryson DeChambeau of LIV Golf before The Showdown: McIlroy and Scheffler v. DeChambeau and Koepka at Shadow Creek Golf Course Dec. 16, 2024, in Las Vegas.  (Kevin C. Cox/Getty Images for The Showdown)

    DeChambeau says his intention is to create a prominent golf presence in the community, adding the timeline for completing this project is just over a year. 

    “It’s a full-scale plan, fully thought out. It’s not only to bring golfers to the game but also to bring people to the central valley. You build a community around a multisport complex center,” he said.

    “It’s going to take 12-15 months to get the permits approved for the full scope. It’s over 200 acres of land what we have right now. It’s going to be a multisports complex center — driving range, golf course, residential community center, the whole thing.”

    DeChambeau was paid a reported $125 million to join LIV Golf in June 2022. He says his latest project is only possible because of the massive salary from the Saudi-funded organization.

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    Bryson DeChambeau

    Bryson DeChambeau reacts after putting on the fifth hole during the third round of the U.S. Open.  (Jim Dedmon/USA Today Sports)

    “A lot of the reason why I have been able to do this is because of LIV. They gave me the economic viability to do these things and the platform to be able to do it, growing on YouTube,” he said. 

    DeChambeau was one of many American golfers to incite widespread backlash from fans for choosing to compete in the Saudi-backed league when it launched due to humanitarian concerns with Saudi Arabia and its relations with the west. 

    Brooks Koepka, Phil Mickelson, Dustin Johnson, Patrick Reed and Jon Rahm were other prominent PGA stars who chose to accept the massive LIV paychecks during the league’s aggressive pursuit of the sport’s biggest names. 

    DeChambeau is also a close friend of President Donald Trump’s and invited Trump to play with him in a video on his YouTube channel. 

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    Bryson DeChambeau celebrates the US Open win

    Bryson DeChambeau cradles the U.S. Open trophy after his win in the final round of the 2024 U.S. Open Championship on the No. 2 Course at The Pinehurst Resort June 16, 2024, in Pinehurst, N.C. (David Cannon/Getty Images)

    DeChambeau told Fox News Digital at the time he had no regrets about it.

    “There’s always risk associated to that. But, from my perspective, it was focused on entertainment,” DeChambeau told Fox News Digital in August at Maridoe Golf Club, site of the LIV Golf Team Championship. 

    “We can talk about politics. That’s a whole different conversation, something that I was not trying to do on my YouTube channel. It was solely on providing great entertainment.”

    DeChambeau joined Trump, Elon Musk and Sen. Ted Cruz, R-Texas, to watch the SpaceX rocket launch in November. 

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  • Bill Belichick’s North Carolina contract details show staggering salary, interesting clauses

    Bill Belichick’s North Carolina contract details show staggering salary, interesting clauses

    Bill Belichick has already been on the recruiting trail, but it’s officially official that he’s North Carolina’s next head football coach after he signed his contract. 

    And it’s a contract with eye-popping numbers. 

    The Tar Heels released Belichick’s deal, which continues through the end of 2029, Thursday. The 72-year-old will be making $10 million per season, though his official base salary is $1 million. 

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    New North Carolina Tar Heels head coach Bill Belichick at Loudermilk Center for Excellence. (Jim Dedmon/Imagn Images)

    The other $9 million will be coming from what is described as “supplemental income.”

    Belichick, the six-time Super Bowl champion with the New England Patriots, immediately becomes one of the top 10 highest-paid head coaches in college football. Seven coaches made $10 million or more in 2024, according to USA Today. 

    The highest-paid coach in the country is Georgia’s Kirby Smart at over $13 million per season. Clemson’s Dabo Swinney ($11.13 million), Texas’ Steve Sarkisian ($10.6 million), USC’s Lincoln Riley ($10.043 million) and Ohio State’s Ryan Day ($10.021 million), fresh off a national championship win, round out the top five. 

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    Like many other contracts, Belichick’s has incentives that would trigger massive paydays if they’re met, including a $750,000 bonus if the Tar Heels reach the College Football Playoff. If they win a national title, Belichick would receive a $1.75 million bonus. 

    Other incentives include a $150,000 bonus for reaching a bowl game as well as a $350,000 bonus if the team makes an “elite” non-playoff bowl. Those would include the Pop-Tarts Bowl, Gator Bowl, Duke’s Mayo Bowl and a few others. 

    Bill Belichick fields questions from media

    The North Carolina Tar Heels’ new head coach, Bill Belichick, speaks to the media at Loudermilk Center for Excellence. (Jim Dedmon/Imagn Images)

    Finally, a top 25 ranking at the end of the regular season would also trigger a $250,000 bonus for Belichick. And he’d like get his $350,000 bonus for an elite bowl game if the Tar Heels finish in the Top 25.

    There is also confirmation that Belichick does have a buyout clause, which was widely reported as North Carolina’s stipulation if he were to leave for a job in the NFL. If Belichick leaves UNC before June 1, the university is owed $10 million. After June 1, the buyout drops to $1 million. 

    However, despite multiple NFL teams reportedly reaching out to Belichick, he said during his introductory press conference he’s in Chapel Hill to stay. 

    Bill Belichick looks out to crowd

    North Carolina Tar Heels head coach Bill Belichick answers questions during a press conference at Loudermilk Center for Excellence.  (Jim Dedmon/Imagn Images)

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    He’s already showing his commitment to the program by hitting the road and talking to recruits as he aims to build a playoff roster through the new NIL system. 

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