Management Turnover as Change Agent

Thursday, May 15, 2008

Recommended Reading - Rough economy cuts into pay for U.S. CEOs: study

Mercer Consulting released a study today that examined CEO compensation for Fortune 1000 companies.  According to a Reuters story by Martha Graybow the study found,
CEO compensation at the biggest U.S. corporations dropped sharply last year, reflecting in part the rough business conditions at top-tier banks and other large financial firms.

... The study found that the CEOs of 50 large U.S. companies -- companies with median annual revenue of $66.2 billion -- took the sharpest cut in total direct compensation in the last fiscal year on a percentage basis, down 15.8 percent from the previous year.
As CEO compensation continues to be a controversial topic, it is likely the study may find itself enmeshed in the political process and the upcoming presidential elections.  Check it out.

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