December 31, 2007
CEOs Stock Up On Stock
No one ever said CEO's salaries are shabby, but a new report shows that they're barely a drop in the bucket of the total compensation packages of the highest executives in large private companies.
The report, issued today by the research firm The Conference Board, says the median CEO of the largest 10 percent of companies gets 80 times his or her salary in stock and stock options. In the smallest companies, the equivalent CEO gets 11 times his or her salary in that form.
The report suggests that this compensation system may align executives' interests with those of their companies' shareholders.
The report also finds that the highest median total compensation for CEOs, $3.9 million, is found in the utilities, food and tobacco, and insurance industries.
The report, issued today by the research firm The Conference Board, says the median CEO of the largest 10 percent of companies gets 80 times his or her salary in stock and stock options. In the smallest companies, the equivalent CEO gets 11 times his or her salary in that form.
The report suggests that this compensation system may align executives' interests with those of their companies' shareholders.
The report also finds that the highest median total compensation for CEOs, $3.9 million, is found in the utilities, food and tobacco, and insurance industries.
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