Recession Takes a Bite Out of CEO Pay

Stanley, Morgan
June 2009
NACD Directorship;Jun/Jul2009, Vol. 35 Issue 3, p7
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.


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