Turbulent year Affects Pay Levels

June 2009
Community Banker;Jun2009, Vol. 18 Issue 6, p14
Trade Publication
The article discusses "The Wall Street Journal"/Hay Group CEO Compensation Study in the U.S. Findings suggest that chief executive officer (CEO) compensation dropped in 2008, with an 8.5% decline in overall cash compensation, and 10.9% drop in annual incentives. It is noted that financial services companies had their greatest decline in CEO compensation levels as manifested in total cash compensation decreasing at 43.1%.


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