If anyone could feel justified asking for a pay raise next year it's Tim Cook. Yes, the Apple CEO's annual pay of around $10 million is nothing to be scoffed at. But when you compare it to the billions of dollars in profit made by the technology giant, he's actually relatively good value for money.
The CEOs of nonprofit organizations are paid an average of $123,462 per year, according to new research, going some way to dispelling the oft-touted notion that charitable organizations waste donations on overpaid managers.
Superstar CEOs can make the kind of money that leaves some folks aghast. But the results of a new survey indicate that most workers are not as outraged as some might think. In fact, 55% of employees surveyed don't even know what their CEOs make.
More boards are reaching out to shareholders about executive compensation, according to a new report by PwC. Experts say shareholder engagement is increasingly important and that boards need to have a plan for approaching major shareholders and shareholder advocates.
CEO pay has risen tremendously over the past few decades with most chief executives at large public companies earning well into the eight figures. While analysts say high compensation is justified for executives who increase shareholder value, some research says those big paychecks don't always result in a high share price.
The job of executive-compensation committees is getting tougher because of the sluggish economy, challenged corporate performance, gyrating stock markets, rising concern about “income inequality” and generally greater public and activist scrutiny of just how much boards think their CEOs are worth.
While the majority of private companies understand the value of incentive-based compensation, most still fail to harness their potential, according to Chief Executive’s recent CEO and Senior Executive Compensation Report for Private Companies.