TITLE

CEOs find things are tough all over

AUTHOR(S)
Suttell, Scott
PUB. DATE
April 2006
SOURCE
Crain's Cleveland Business;4/17/2006, Vol. 27 Issue 16, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents the author's views on the executives compensation. According to a Wall Street Journal survey of 350 major corporations, including 11 based in Northeast Ohio, direct compensation for top CEOs went up by only 16% in 2005 after a 41% gain in 2004. The logical conclusion from looking at the 2004 and 2005 increases is that CEOs have become dramatically more productive and are delivering much greater value to shareholders. A New York Times story is instructive about how the executive compensation racket works in the most egregious cases.
ACCESSION #
20594613

 

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