Decrease in Compensation for CEOs
It’s hard out here for CEOs. According to preliminary results from a new study by The Wall Street Journal and Hay Group: “Despite fairly significant gains in companies’ profit and revenue, total direct compensation for 65 CEOs in place at least two years rose just 1.4% last year.”
This figure is down from an 11% in 2010. Reasoning for the CEO compensation decline is that pay is being more directly tied to performance. Whereas before, “directors would often overlook missed targets and award big bonuses anyway.”
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