“One clear sign of the challenging economic environment we face is the decision by executives to take a pay cut,” according to a survey of executive pay practices by Equilar, the Redwood City information services firm that mines SEC filings for compensation data.
Of course, another “clear sign” might be the accelerating rate of layoffs. Newly announced plans to eliminate another Read the rest of this entry »
It looks like the Fortune 500 directors are raising their own pay at a faster clip than the compensation they dole out to the chief executives of the companies on whose boards they serve, based on an analysis of pay trends for non-employee directors published by Equilar, an executive compensation benchmarking firm.
“The analysis, including 425 companies with consecutive years of available data, finds that median director compensation reached $173,640 in 2007 … an increase of 7.2 percent over 2006,” according to a press release put out by Equilar Monday. Read the rest of this entry »
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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