Money isn’t the great motivator people often suppose. In fact, excessive monetary rewards can lead to bad behaviors.
There are many ways to measure executive compensation packages, and in its paper, “What Does It Mean for an Executive to ‘Make’ $1 Million?” Stanford Graduate School of Business explores what CEOs really take home (not just what the media says they do). For example, in 2008 Citigroup CEO Vikram Pandit took home over $38 million in reported compensation, but that translates to $2.9 million earned compensation, or just over $1 million in realized compensation.
Chief Executive Group recently conducted a groundbreaking study of the compensation practices of private companies with revenues of $5 million to $5 billion. In our last issue, we provided some of the highlights about CEO compensation practices. This charticle focuses on some of the key findings related to other senior executives.
There’s extreme backlash toward big business as the economy continues to struggle. Much focus is placed on executive compensation practices, [...]
Here is a list of the top 100 CEOs and their pay packages according to public record. The top three CEOs all made more than $70 million in one year alone.
America’s Highest Paid CEOsChief executives at public companies are often rewarded with handsome salaries and bonuses, and often to the outrage of the public. Here is a list of the 100 highest-paid CEOs from Forbes as of March 25, 2011. |
CEO Life | September 29 2011 |
Apple’s new CEO gets an extra million shares (worth $383 million)Shortly after Steve Jobs stepped down from Apple’s helm and Timothy Cook was named the successor at the end of August, Cook was gifted with one million shares of Apple’s stock, which is currently worth almost $400 million. But Apple is one of the biggest companies in the world — and recently even overtook ExxonMobil as the largest company. What are the implications of Apple’s compensation policy, and will this bonus incentivize Cook to stay for the long haul? |
CEO Briefing Newsletter | September 22 2011 |
Media Wrong About CEO CompensationMost CEOs earn nowhere near the compensation of their public company counterparts, according to the results of an exclusive Chief Executive Group study of 789 CEOs of privately held companies, which represent the overwhelming majority of firms in the economy. |
CEO Life , Compensation , Talent Management | September 19 2011 |
Most CEOs Aren’t OverpaidDespite the headlines, the vast majority of CEOs don’t take home anything close to the $9.0 million that the average S&P 500 company CEO did in 2010. According to a new research report from Chief Executive Group, the average private company CEO with at least $5 million in revenues had a total compensation package of $1.3 million, with a median of $405,000. |
CEO Briefing Newsletter | July 21 2011 |
First Votes on Say on Pay Approve Majority of CEOs’ CompensationThe results are in for Say on Pay, and at almost 99% of companies’ shareholders voted ‘yea.’ The shareholder votes allowed by the Dodd Frank financial overhaul provision (aimed at curtailing top executives’ pay) are not binding, but are still representative of the landscape of CEO compensation. Shareholders think that boards are compensating their executives properly. Only 1.5% of companies had shareholders who disagreed with compensation packages (that’s only 39 out of 2532 companies). |
CEO Briefing Newsletter | July 14 2011 |