The Week (US)

The bottom line


■■ Median pay reached $13.4 million for chief executives of the biggest U.S. companies in 2020, a fifth straight annual record. Paycom Software founder Chad Richison, whose pay package was valued at more than $200 million, was the highest-paid CEO. Seven CEOs received compensati­on valued at more than $50 million last year, compared with two in 2019 and three in 2018.

The Wall Street Journal

■■ U.S. small-cap value stocks returned 76.8 percent in the half year to March 31, way ahead of the 14.4 percent posted by large growth companies. The 62.4 percentage point difference is the largest for any six months since the first half of 1943.

Financial Times

■■ An average DoorDash order during the second quarter of 2020 cost the customer $35.55. Out of this, the restaurant receives $19.97, the delivery driver gets $8.91, and DoorDash takes the remaining $4.85. Minus refunds, promotions, advertisin­g, and other costs, the company earns an average of 90 cents per order.

The Wall Street Journal

■■ More than $10 billion this year has been spent on buildings used for life sciences and other research. Amid a decline in other office spending, labs are booming. The buyout firm KKR in March paid $1.1 billion for a San Francisco office complex it plans to repurpose for life sciences research.

■■ U.S. gas prices hit their highest level in seven years during the Memorial Day weekend. put the national average at $3.05 per gallon, up from $2.90 one month ago and $1.98 a year ago.

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