Links ARCHIVE: CNN Money - CEO Pay Goes Up

Corporate Finance, Social Policy

Published on July 28, 2004 By joetheblow In Business

SOURCE: CNN Money

CEO pay hikes double

Corporate Library survey finds median raise for S&P 500 CEO was 22.18% in 2003.
July 28, 2004: 8:34 AM EDT

NEW YORK (CNN/Money) - The CEO's at the nation's largest companies saw their raises more than doubled in 2003 as the median raise handed out by S&P 500 companies to their top executives was 22.18 percent, according to a study by The Corporate Library.

The watchdog group said that stock options and awards of restricted stock drove the larger pay hikes. But most elements of the pay -- base salary, annual bonuses, restricted stock, long-term incentive payout, value realized from stock options and total compensation -- showed increases. The only type of compensation not to show a gain was the value of stock option grants during the year.

"This double-digit rise in pay shows that calls for pay restraint appear to be being ignored," said the statement from the group.

Click the link provided for more...

Comments

Gerry Atrick

on Jul 28, 2004

And the rest of us can only dream of such generosity.

Welcome Guest! Please take the time to register with us.
There are many great features available to you once you register, including:

Richer content, access to many features that are disabled for guests like commenting on the forums.
Access to a great community, with a massive database of many, many areas of interest.
Access to contests & subscription offers like exclusive emails.
It's simple, and FREE!