TITLE

Recession Takes a Bite Out of CEO Pay

AUTHOR(S)
Stanley, Morgan
PUB. DATE
June 2009
SOURCE
NACD Directorship;Jun/Jul2009, Vol. 35 Issue 3, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the 8.5 percent decline in cash salaries and bonuses for chief executive officers of 20 big U.S. companies in 2008 with a median of $2.24 million due to the impact of the recession, according to "The Wall Street Journal/Hay Group 2008 Compensation Study." Figures show a 3.4 percent decline in total direct CEO compensation with a median of $7.56 million while annual incentives declined by 11 percent. Total CEO compensation at financial services companies decreased 43 percent.
ACCESSION #
43493127

 

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