Early look at CEO pay in 2007 shows bonuses declined

A study of 108 companies with sales over $1 billion and fiscal years that ended after August 31, found that the median bonus paid to chief executive officers fell 4.5 percent last year compared with a 27.1 percent increase the year before, according to Equilar, the compensation research firm that provides data for the Mercury News’ annual What the Boss Makes survey of executive pay.

As Equilar points out, these are the first results from large companies following the impact of the economic slowdown that began last summer.

Among the sample group, 38 percent of the CEOs received a smaller bonus in 2007 than they did the year before, compared with 28.7 percent of CEOs who reported that in 2006.

 
 

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