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CEO Compensation

Growing Profits, Growing Jobs

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CEOs, thought leaders, and the nation's top policymakers gathered in the nation'scapital on June 8, 2010 to exchange ideas, build relationships and discuss the evolvingrelationship between business and government. Here are some of the highlights from the CEO2GOV Summit.

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Future of CEO Compensation

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Kenneth Feinberg, the Washington lawyer who's stepping down this summer as Special Master for Executive Compensation (aka Pay Czar) to administer the $20 billion British Petroleum fund, offered his insights on the executive pay debate at Chief Executive's CEO2GOV Summit. To follow are excerpts from his presentation.

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Why Companies Fear Restoring Executive Pay Cuts?

While restoration of employee pay cuts is on the rise, reversal of executive pay cuts is still on hold. Thanks to the strong sentiment against the alleged outrageous executive pay, the Ken Feinberg factor and the slow pace of economic recovery, compensation and pay analysts think companies are playing safe at the moment by maintaining silence over executive pay cut reversals.

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Medtronic CEO Bill George: Still Searching for Authenticity

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Under Bill George's leadership the medical technology company’s market capitalization grew from $1.1 billion to $60 billion, averaging an annual 35 percent increase. Earlier in his career he was an executive with Honeywell, Litton Industries and served in the Department of Defense. Since leaving Minneapolis for Cambridge, Mass. to become a professor at Harvard Business School, George has turned into the Diogenes of executive management, searching for and occasionally finding what he calls “authentic” leaders--men and women who lead effectively because they are, first, honest with themselves.

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