Rich and poor: the CEO pay disconnect
Sunday, May 18th, 2008Soaring CEO pay is now a political issue
Soaring CEO pay is now a political issue
Why does the boss rake in obscene amounts of money while the rest of us toil for what feels like little reward? Apparently it’s for your own good.
Sphere: Related ContentUs investors are making the most of say on pay proposals but that hasn’t stopped boards cranking up pay
Directors and institutional investors don’t agree on whether the executive pay system has produced better performance. But they do agree on one key point: it’s resulted in CEOs getting paid too much.
Sphere: Related ContentThe big bonuses and payouts for executive might well have contributed to the subprime meltdown.
All of the CEOs who failed got paid very well. Therefore, the pay plans had very perverse incentives.
Other people’s pay is one of the hot button issues at work. How much do you make compared to others? Are you paid less even though you put in more effort and get more results? Ever find yourself wondering what some people do to justify their pay?
Sphere: Related ContentHere’s a note to CEOs: do you think you’re paid too much? Some of the people on your board do. That seems to be the suggestion in a Heidrick & Struggles survey which showed that one in three directors think CEO pay is “too high in most cases”.
Sphere: Related ContentThe more a CEO gets mentioned in Business Week, the New York Times, Wall Street Journal and other major national business publications, the bigger their pay, according to a new study.
Sphere: Related ContentInvestors might have lost a fortune with Wall Street’s top banks writing off billions in trading losses related to the credit crunch. But the ones who are really cleaning up are the financial professionals who are set to take home record bonuses this year.
Sphere: Related ContentCorporations are not really doing that well when it comes to explaining to investors how executives are compensated and what exactly they have to do to earn their bucks, says the Securities and Exchange Commission.
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