The chief executives of the largest U.S. public companies enjoyed bigger paydays in their latest fiscal year. This was in a direct relationship to the increase of share prices recovered and profits soared. Once again this is a prime example of chief executives in large public companies soaring in profits and with their paychecks with no regard to anyone else in this recession. According to an analysis of CEOs at these 456 companies and their latest proxy filings for The Wall Street Journal by consulting firm Hay Group, the median pretax value of CEO salaries, bonuses and longterm incentives, such as grants of stock and stock options, rose by 3% to $7.23 million. The overall increase mostly reflects the larger study's inclusion of 65 companies whose fiscal years ended after January 3, thus encompassing more of the recovery. Many boards lowered the bar, with easier targets on bonuses and more reliance on restricted stock not tied to performance goals. Basically, in analysis of this article recently these public companies that have been giving back more to their shareholders and not just all about just the CEO making the "bucks" are getting higher standards by analyses'.
http://online.wsj.com/article/SB10001424052748704756804575608434290068118.html?mod=WSJ_hp_LEFTTopStories
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