CEO Pay Down? Not So Fast

Posted by: Jena McGregor on April 7, 2009

Everywhere you look recently, the headlines say CEO pay is going down. Last week, the Wall Street Journal’s annual survey found that median salary and bonuses for CEOs of 200 big U.S. companies fell 8.5% last year. Over the weekend, the New York Times’ study, which uses data from compensation research firm Equilar, found that median total compensation was down 9.4% last year. Equilar released its own press release today, saying that overall CEO pay fell by 6.8% from 2007 to 2008, the first significant drop in seven years. That was driven mostly by steep drops in cash bonus payments, the firm noted, which dropped 20.6% over the same period.

But hold on a moment. Now comes a preliminary “sneak peek” report on executive pay from The Corporate Library. Its compensation analysts randomly selected 21 companies who filed their annual reports between January and mid-February and found something different. The Maine-based governance watcher, which plans a comprehensive report this summer, found that among these 21 companies, base salaries actually increased 7.5%. While the preliminary study doesn’t report total compensation declines or increases, the study authors do note that some companies—mentioning Monsanto, Tyco and Apple—continued to pay out substantial bonuses or vest lucrative equity awards.

Even more notable were adjustments made to bonus targets. The Corporate Library’s report mentions that at Navistar, D.R. Horton and Analog Devices, bonus targets or metrics were adjusted so that they might be more easily achieved in a tougher environment. “With a general weakening of the target-setting process,” wrote report author Paul Hodgson, a senior research associate, “any decline would seem unlikely to reflect accurately the decline in company fortunes.”

One other notable finding from the study: At least two companies explained part of their salary increases as the result of consolidating perks into salary-based pay. Natural gas distributor and provider UGI said in its proxy that its CEO’s “salary increase includes a modest adjustment to compensate for the discontinuance of certain perquisites as reported in Fiscal 2007.” And at Provident New York Bancorp, 3.2% of the CEO’s salary increase was paid out “in lieu of a country club membership and a vehicle.”

The Corporate Library’s study is small in scale, to be sure, and it will be interesting to see if their findings hold as they broaden their study. But they aren’t the only ones to find that pay may still be going up. Executive compensation expert Graef “Bud” Crystal finds that total pay actually went up 2% in 2008 in his study of 64 large companies that have market caps of at least $10 billion and where the CEO has been in place for two years or more. “What?” Crystal writes in his report. “You expected CEO pay to drop? Get real.”

Reader Comments

Angela

April 8, 2009 12:08 AM

Everybody was SO mad about the recent bonuses that were given from bailout money. Now, I can understand (sort of) that taxpayer money shouldn't go to nonperformers. However, a management person's bonus is an agreed upon portion of his total compensation. If he doesn't get the bonus that he was entitled to based on whatever this agreement was, then that's like docking his pay.

If he doesn't meet the bonus requirements, then he shouldn't get the bonus. But if he does, then he SHOULD get his bonus.

Angela

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Stone

April 8, 2009 11:43 AM

You talk about transparency. These people do not want tranparency, because if there is, they then have to explain these increases to the public and their shareholders. What stress that would cause. These shareholders have to pay attention because that is what is at a premium here. Transparency is the corporations worse enemy. Look at all the corporations that hid behind the money AIG was paying out and saying they didn't need Government money. Until a congressman spoke out and said you have to show the American people where their money is flowing and pressure grew, did they finally show all the corporations that received government money laudered thru AIG. How convenient. And Kudlow talks about class warfare. Hea, Mr. Kudlow, who is continuing this class warfare. It will end when there is transparency, if there is no transparency then they are hiding something because they are afraid.

Colleen

April 8, 2009 12:21 PM

Pay increases for execs has increased as offshoring/outsourcing of the rank and file employees has increased.

BadEconResearch

April 8, 2009 12:35 PM

Gena, you are another blind writer who is portraying a mysterious C level salary measure in global business. Please, they're all available on Forbes.com with a stock symbol search, you just click on "Executives" after the company comes up and you can see that American executives especialy moved their personal fortunes to the inside and we have a horde of SVPs who are making $10M a year w/their guaranteed stock dividend payout. Base salaries are meaningless as in a recession these dividends are coming from the company's till because any $$'s earned from stock ownership at street value would be a devastating loss to these executives. For example, type in JAVA on a Forbes.com stock symbol search and click on Executives on the left, then click on the name, and you'll see a $40M interior at SUN Microsystems, which is why IBM ran the other way. It's across the board in the Fortune 100/500. Here's SUN (cut and paste it in), the feeds are SEC: http://people.forbes.com/search?name=&ticker=JAVA

Scott

April 8, 2009 2:09 PM

If the shareholders of the company want to pay huge salaries, benefits and perks to senior executives then let them. BUT let the real owners of the companies (shareholders) make the decisions on total compensation.

What would happen if ALL the overly generous compensation packages which are supposedly driven by market forces, were right-sized by the shareholders and shareholders paid themselves a larger dividend?

All the overpriced senior executives would have to go to work in Hollywood or play professional sports to earn the size payday they would have us all believe they are worth. I suspect many don't have the talent to make it in front of the camera or on the field, just as many don't have it in the workplace.

FlyingAfrican

April 8, 2009 2:12 PM

Angela..there-in lies the rub.

1. if the companies were allowed to go bankrupt, they would have NO money to pay any bonuses.
2. the 'reason' given by the companies that the bonuses were 'necessary' is what angered more people. "needed to attract and retain the top talent"... 11 of the AIG executives with bonuses over $1m NO LONGER WORK FOR AIG. how is that retaining or attracting them? Also if they caused the mess there is no way they could have 'performed'.

One big issue that's coming to light ist he short term goals. One trader had mentioned that if he makes $100m profit for the company in a year he's entitled to 1% of it. I would agree IF that $100m was 'sustainable', not the sense of repeating that performance every year, but if I sell all the assets of the company off and make $100m 'profit', or if I make $100m in fee premiums by underwriting $1 TRILLION in CDS that come due in the next 5 years, the NO, I have NOT performed and am NOT entitled to the 1%.

Also the objectives to get the bonus seem to be achievable in any environment. Sink the company? that's still entitles you to a 'bonus'. Make a loss in your divison? Still entitles a bonus. Stock price dropped 50%? no problem we'll give you 100% more stock options.

Prince Riley

April 8, 2009 3:34 PM

As a shareholder I think this is all becoming a bit more than an embarrassment and more like a full blown scandal.

If US corporations are paying executives for 'services' and not results (profits, dividends) then there's little wonder why the financial service firms are performing the way they are.

However, its going to take shareholder dissatisfaction expressed loudly and repeatedly to change these habits.

Mike

April 8, 2009 4:07 PM

I'm sorry but if a company is supposedly trying to cut costs, largely a CEO decision, He/She should not be taking bonuses or getting raises. Especially with companies that have had any recent layoffs, or took away 401k contributions, or refuses to upgrade necessary equipment, or even repair necessary equipment.Take UPS for example. http://tinyurl.com/cywu4q As an employee and stockholder, this really burns me. Folks we don't have tape or boxes to repair or secure your boxes. 90% of our scanners do not work or barely do. Though layoffs have been minimal you cannot justify that kind of increase. Scott Davis should be ashamed of himself.

DEO

April 8, 2009 4:21 PM

Fire all CEO's and Hire new CEO's with new contract reflecting the new realities.

BCR

April 8, 2009 4:51 PM

What a company wants to pay their CEO is their business. People that want to continue working for a company that pays millions to CEO's... well that's their business too. If you don't like it, buy some stock, go to the meeting, get together with other share holder's, and vote out the board, and fire the CEO. As for bail out companies... Every CEO should be paid minimum wage until their company pays back the loan.

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April 9, 2009 8:04 AM

The money used to pay these sky high packages to executives has to be matched with the lack of money to spend on essential things to get these companies competitive.
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Data Concerns

April 11, 2009 4:47 PM

I find it interesting that this article would use data from 21 "randomly selected" companies to counter trends observed in surveys of 200+ companies produced by the WSJ, NYT and Equilar. The 21 company study also simply looked at base salaries and not total compensation. This seems like an attempt to compare apples and oranges for the sake of creating a good headline.

Omer

June 13, 2009 3:13 PM

I really don't see the big deal with CEO pay. Why the heck does anyone care what their neighbor makes? It's NONE OF MY or YOUR business. I could care less if Apple or Microsoft decided to pay their ceo 10x what they're getting paid.

This is a SHARE HOLDER ISSUE NOT A GOVERNMENT issue!

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Mike

June 17, 2009 11:27 AM

At the end of the day, this is an issue of supply and demand. Therea re very few top rated CEOs/executives who can lead a multinational company through these turbulent times. In addition, whilst base comp may be up, bonuses will probably form less of total comp, as investors/stakeholders focus more on the extravagant and obscene bonuses we have seen in recent years.
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eric bowser

June 21, 2009 1:30 AM

If companies can pay exec's huge bonuses then they need to give out huge dividends to their shareholders. furnace filters air conditioner filters web hosting

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June 21, 2009 1:33 AM

Shareholders should demand dividends! I can understand that CEO's and executives make a company run but the shareholders and what help a company grow. If it wasn't for them there wouldn't be a company. furnace filters air conditioner filters web hosting

alex

June 21, 2009 3:09 AM

i agree with eric bowser...
shareholders should demand dividends..




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James

June 24, 2009 12:46 PM

I think that the main focus should be on how these guys' bonuses are calculated. In the excesses of 2000-2006, some CEO's were getting $10m, $20m or more each year - this is obscene and needs to change.Forex VPS

slavun

June 29, 2009 11:13 AM

Prince Riley is right.
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GeorgR.

July 2, 2009 11:04 PM

No bonus if they don't meet the requirements. Easy.

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John

July 4, 2009 5:00 PM

They should really demand dividends.

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Resveratrol

July 11, 2009 8:41 AM

I really don't see the big deal with CEO pay. Why the heck does anyone care what their neighbor makes? It's NONE OF MY or YOUR business.

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mike teckel

July 19, 2009 6:23 AM

nice article. and I think they have to demand dividens.

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ashok

July 20, 2009 11:55 AM

I find it interesting that this article would use data from 21 "randomly selected" companies to counter trends observed in surveys of 200+ companies produced by the WSJ, NYT and Equilar. The 21 company study also simply looked at base salaries and not total compensation. This seems like an attempt to compare apples and oranges for the sake of creating a good headline.

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July 21, 2009 2:42 AM

Bonuses are fair. Its just the emotional climate that makes everything so combustible. Sigh...

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john

July 22, 2009 12:00 PM

With all this financial crisis all the sales are down no matter what niche we are talking about. For example you can now purchase vehicles made by the big three US automakers with push rod engines (this is an ancient technology replaced by overhead cam which has been in mass procution cars over 30 yrs ago. thanks.

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Jason Coleman

July 26, 2009 1:34 PM

I agree 100% with Omer here. This is a share holder issue.
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Azam Hasan

July 29, 2009 5:56 AM

they Need to divide ends with their shareholders

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David Shawn

August 1, 2009 9:39 AM

Quite a nice post on CEO..
I wonder if they are always paying down at this limit!
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David Shawn

August 1, 2009 9:42 AM

A good post indeed!
Everybody was SO mad about the recent bonuses that were given from bailout money. Now, I can understand (sort of) that taxpayer money shouldn't go to nonperformers. However, a management person's bonus is an agreed upon portion of his total compensation. If he doesn't get the bonus that he was entitled to based on whatever this agreement was, then that's like docking his pay.
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TriviaChamp

August 4, 2009 3:18 AM

Whatever a company decides to pay their CEOs is unimportant as is the format that they use to calculate such a payment. Top CEOs require top dollars.

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August 7, 2009 5:01 AM

Pretty good post. I just came across your blog and wanted to say that I have really enjoyed reading your blog posts. In any case I’ll be subscribing to your blog and I hope you post again soon! Cordless Men

Glenn R.

August 13, 2009 3:52 AM

I agree with TriviaChamp, a good CEO costs money. Good managers are hard to find. Don't believe me? Look at our incompetent government. They're supposed to be the "best and the brightest" but they don't manage people, money, or resources well at all. That's why a great leader and manager is worth her/his weight in gold.

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All the overpriced senior executives would have to go to work in Hollywood or play professional spor

August 14, 2009 6:52 AM

All the overpriced senior executives would have to go to work in Hollywood or play professional sports to earn the size payday they would have us all believe they are worth. I suspect many don't have the talent to make it in front of the camera or on the field, just as many don't have it in the workplace.

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Acai Berry

August 14, 2009 5:43 PM

However, a management person's bonus is an agreed upon portion of his total compensation. If he doesn't get the bonus that he was entitled to based on whatever this agreement was....


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Mat

August 17, 2009 8:48 AM

The major problem with bonus target is that they were too short term. E.g. if your bonus gets larger the more risk you take on the upside then you will take more risk. Also it is very short term, e.g. take for example a pharma company, you could immediately improve your profit by cutting R n D to 0 but long term your company will go under.

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August 19, 2009 3:12 AM

nice article. and I think they have to demand dividens.

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PeterPiper

August 19, 2009 8:14 AM

Thanks, nice article!

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lisa

August 19, 2009 3:27 PM

Agreed, why isn't the SEC doing something here? Let shareholders of the company determine if they approve and authorize to pay huge salaries, benefits and perks to senior executives. lisa slim
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Doug Dardis

August 23, 2009 10:36 AM

Great article, I think I've changed my mind about a few things since reading this...

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Jeffrey

August 23, 2009 4:09 PM

Well, this article hs been written about a year ago. Actually I think CE0's salaries has decrease mainly because of the new debts that some big companies that have been bailed out by the government. We respect CEOs, they are not average worker, they should be payed accordingly but they should also not have an outrageous salary when taking into consideration the economic situation of the country.

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Tyler

August 25, 2009 12:57 AM

It's all about the fringe benefits CEOs have. Their salary is minuscule compared to the benefits.

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Brian

August 25, 2009 12:14 PM

If the CEO is really doing that great a job at the company, then he/she should be compensated handsomely. This is America, the land of capitalism. If you are good, then you should be rewarded.


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Rons

August 26, 2009 9:49 PM

CEOs don't do an average job, and they don't deserve average compensation.

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Mik Jan

August 28, 2009 2:44 AM

Well, the classic word that best describes a company who doesnt pay well, is none other than, .. cheating

lilli farouche

August 28, 2009 12:05 PM

its popular to be against ceo and option payment, but don't forget they will create the jobs !

i do also create jobs !

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Cinder

August 28, 2009 11:00 PM

CEO's need to accountable salary-wise. No performance should equal no bonus.

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Jimmy

August 30, 2009 10:36 AM

By definition bonuses should be direct-linked to performance.

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August 31, 2009 7:45 AM

i would like to have steven schwarzman's job and earn 300 million $ a year !!!!

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Robert Riley

September 2, 2009 5:24 AM

They should take example of Citigroup's CEO Pandit who vowed to take a token salary of only $1 and no bonus until the bank gets back on its feet... now that's what i call responsibility..
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September 4, 2009 6:50 AM

What would happen if ALL the overly generous compensation packages which are supposedly driven by market forces, were right-sized by the shareholders and shareholders paid themselves a larger dividend? Hostgator

Bob Samberson

September 6, 2009 10:13 PM

I agree with Robert Riley, there should be more CEO's like the one at city group. I think their salaries are inflated and it gives them big egos and too much power to do corrupt things especially in the recession we are experiencing.


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Jenn

September 6, 2009 11:09 PM

Some of these CEO's get paid way to much. I understand they have a huge obligation but sometimes it's a bit over the top.

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Justin

September 7, 2009 1:29 AM

In a way it makes sense that the CEO pay isn't going down now that the economy is slowly starting to recover.

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Alan

September 7, 2009 5:57 PM

It's all a balancing act. If the total package is not good enough then failure to recruit or retain top exec but in todays depressed economic climate it is only right that the packages reconsidered.

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Johan

September 8, 2009 1:46 PM

How many of the CEO's really deserve all that money? I mean, will the company go under if the CEO leaves?



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September 8, 2009 5:28 PM

The CEOs never want to do this. They love their fat paychecks too much. acai berry

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Zelimir

September 11, 2009 5:28 AM

I think that modern CEO`s are not held accountable for what they do, and how well they do it. There should be a better measurement about the degree of their success, which should be clearly announced every few months somewhere in the company. So everyone can see how well a certain CEO is doing his job. Maybe a rating system of some kind.


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Wenbin

September 11, 2009 1:54 PM

CEOs are leaders and leaders will always be well paid and hence in demand in the long run. What is important is good interpersonal communication skills that is essential in most jobs. When the economy recovers, the pay of CEOs will probably shoot back up again.

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September 12, 2009 4:53 AM

jimmy is right.Mentioned above post CEO should be pay bonuses etc to their performance.
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Walker

September 12, 2009 2:27 PM

there should be more CEO's like the one at city group. I think their salaries are inflated and it gives them big egos and too much power to do corrupt things especially in the recession we are experiencing.
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Frank

September 12, 2009 9:04 PM

I'm a casualty of corporate greed. The question people should be asking is how much money does one person really need? Why should a CEO or any Exec for that matter be paid millions for under performing? How can companies cut back while overpaying CEO's? Most of these big Wall Street firms spend millions on nonsense, then turn around and say they need to cut back on employees!

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rimee

September 16, 2009 8:03 AM

Well I must say the managers who are at higher level are the ones who are most affected.They had to lose their job because their salaries were just too much and so were asked to leave or their pay was cut down.
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Patricia Ryans

September 16, 2009 8:50 PM

What is the big deal here? A company can pay just about anything it wishes to its CEO. If the CEOs are paid bonuses, what is wrong with that? Even if it is wrong it is for the company to face the consequences. And just as Angela says, if the company originally agreed to pay those bonsues to the CEO then it cannot go back on the agreement. Of course, not every company's CEO may qualify for the perks but again, that is for the company to decide.

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September 18, 2009 12:02 AM

How many CEO's do you let scam the American people? This CEO compensation is getting so out of hand and the tax payers are getting the brunt end of the deal! Stop Being So Tired

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September 18, 2009 9:01 AM

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Charley Brown

September 23, 2009 3:08 PM

Anybody who believes CEO pay is down is not in tune with society... point blank period. This article doesn't surprise me at all, and its a real shame.

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Richard

September 23, 2009 5:38 PM

The majority of CEO´s are well overpaid and do not deserve this amount of pay. They only get it because they have been at the company and are therefore considered part of the furniture. Oh well what can we do ?
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annarose

September 26, 2009 7:46 AM

Well I understand what this blogs speaks about CEOs wages being cut down....but in actual I dont think so...because even after cutting their half salary down they still get loads of money...enough to make them satisfied... Best Teeth Whitening Teeth Whitening Teeth Whitening

prashant

September 26, 2009 10:13 AM

I think that there should be a young brigade of CEOs. Noone above 50

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September 26, 2009 10:13 PM

We should just let the banks fail. That should easily stop the risk taking culture.

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September 27, 2009 2:52 AM

I am not surprised their salaries did not really drop. Terrible
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raja

September 30, 2009 12:15 PM

These people do not want tranparency, because if there is, they then have to explain these increases to the public and their shareholders. What stress that would cause. These shareholders have to pay attention because that is what is at a premium here. Transparency is the corporations worse enemy. Look at all the corporations that hid behind the money AIG was paying out and saying they didn't need Government money.voip phone service
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September 30, 2009 2:03 PM

Well I understand what this blogs speaks about CEOs wages being cut down....but in actual I dont think so...because even after cutting their half salary down they still get loads of money..
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October 2, 2009 4:54 AM

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Jason

October 2, 2009 5:55 AM

My grandfather is a ceo of a rather large firm, and he recently took a steep pay cut. I think it's because of the economy.

Great post!
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Gus

October 2, 2009 10:54 AM

I think that everyone is taking the hit from the crisis from the small guy to the big guy. The only people benefiting from it are the really big ones.

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October 2, 2009 1:47 PM

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October 2, 2009 8:42 PM

Great article. I wish the media would talk more about these greedy bastards.

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October 2, 2009 10:59 PM

Everybody was SO mad about the recent bonuses that were given from bailout money.

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October 5, 2009 6:49 AM

These shareholders have to pay attention because that is what is at a premium here. Transparency is the corporations worse enemy.
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October 7, 2009 10:56 AM

Fantastic article, loved reading it. CEO's get paid way to much, I wish I was one :)
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October 7, 2009 10:59 AM

All everybody cares about is money these days.
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October 7, 2009 4:30 PM

I agree, shareholders need to pay closer attention.

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October 7, 2009 4:35 PM

Depends on how companies doing.

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October 7, 2009 4:36 PM

depends on what king job they do!

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October 7, 2009 11:29 PM

They're bonuses were already configured before this all happened. The money was already spent!


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October 8, 2009 2:59 AM

During this recession period the higher position person's are effected most.Because company is not able to afford to give them huge amount of salary that is why they are asked to leave.
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October 10, 2009 3:02 AM

Of course ceo's salary is affected, so is everyone else's.. the economy doesn't pick and choose.

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Robbie

October 10, 2009 3:11 AM

Yep, my uncle just lost his job. He wasn't a CEO but close to it, Executive Vice President.

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Fern

October 10, 2009 2:37 PM

Their salary should be affected. Why wouldn't it.
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October 12, 2009 6:10 AM

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October 13, 2009 6:19 AM

Bonus payments remain an inscrutable part of executive compensation. They're the portion of an executive's pay most closely tied to annual performance. Yet boards have a lot of discretion; some use formulas, others rely on judgment. Payouts may also be tied to goals -- like retaining executives or promoting diversity -- that aren't related to profitability, yielding awards even when earnings sag. In general, bonuses aren't closely tied to stock prices.

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Aaceres Robin

October 13, 2009 6:24 AM

Bonus payments remain an inscrutable part of executive compensation. They're the portion of an executive's pay most closely tied to annual performance. Yet boards have a lot of discretion; some use formulas, others rely on judgment. Payouts may also be tied to goals -- like retaining executives or promoting diversity -- that aren't related to profitability, yielding awards even when earnings sag. In general, bonuses aren't closely tied to stock prices.

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October 13, 2009 2:23 PM

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October 15, 2009 1:49 PM

What a company wants to pay no prescription pharmacy their CEO is their business. People that want to continue working for a company that pays millions to CEO's... well that's their business too. If you don't like it, buy some stock, go to the meeting, get together with other share holder's, and vote out the board, and fire the CEO.

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October 17, 2009 6:51 PM

CEO's get paid so much it doesnt matter to them if they get there pays slashed they have other ways of making money anyway

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October 18, 2009 4:45 AM

The pay of a CEO is a market price. It is a shareholders decision not the government.

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Matthew David

October 18, 2009 5:37 PM

It's funny because the drop in salary still makes it several orders over what most middle class individuals will make in a lifetime. I'm not arguing their value at least to the marketplace, but it's not all that significant relatively speaking.

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Shanku

October 19, 2009 2:43 AM

I really don't see the big deal with CEO pay. Why the heck does anyone care what their neighbor makes? It's NONE OF MY or YOUR business.
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October 19, 2009 7:00 AM

I think that it is wrong for one person to earn this much while other workers are struggling.

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Gopal

October 20, 2009 8:20 PM

Some of these CEO's get paid way to much.

Same as politicians I guess. There's nothing much we can do

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Russ

October 20, 2009 8:47 PM

I think the ceo pay should be according to the companies performance, which I think is a mirror of the ceo. It should be set at his contract signing.

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Simon

October 20, 2009 10:47 PM

Share it dow to the shareholders I say. You know...the people that keep the company moving forwards!

Send me my dividend please!

Simon

October 20, 2009 10:49 PM

Share it dow to the shareholders I say. You know...the people that keep the company moving forwards!

Send me my dividend please!

Miley Cyrus

October 21, 2009 3:00 AM

Even if it is wrong it is for the company to face the consequences. And just as Angela says, if the company originally agreed to pay those bonsues to the CEO then it cannot go back on the agreement.
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Miley Cyrus

October 21, 2009 3:10 AM

I think the ceo pay should be according to the companies performance, which I think is a mirror of the ceo.
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Tanu Sharma

October 21, 2009 5:59 AM

It's all effect of recession. Previously they are getting much more because world economy is booming but now the period of recession.

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Tanu Sharma

October 21, 2009 6:00 AM

It's all effect of recession. Previously they were getting much more because world economy was booming but now the period of recession.

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Tanu Sharma

October 21, 2009 6:05 AM

It's all effect of recession. Previously they were getting much more because world economy was booming but now it's the time of recession.

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jimmy johns

October 21, 2009 7:29 AM

CEO Pay down? Give me a break. CEO pay is never going down.

Even in the worst of times it will remain the same.

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morgan james

October 21, 2009 7:34 AM

What a company wants to pay their CEO is their business. People that want to continue working for a company that pays millions to CEO's... well that's their business too. If you don't like it, buy some stock, go to the meeting, get together with other share holder's, and vote out the board, and fire the CEO. As for bail out companies... Every CEO should be paid minimum wage until their company pays back the loan.

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Bonus payments remain an inscrutable part of executive compensation. They're the portion of an executive's pay most closely tied to annual performance. Yet boards have a lot of discretion; some use formulas, others rely on judgment. Payouts may also be tied to goals -- like retaining executives or promoting diversity -- that aren't related to profitability, yielding awards even when earnings sag. In general, bonuses aren't closely tied to stock prices.

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Richard Smith

October 21, 2009 9:56 AM

Last time I checked, we lived in a capitalist society. Supply and demand should dictate what CEOs (or anyone for that matter) should be getting paid. The market should dictate how much is "too much" and correct itself.

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October 27, 2009 9:21 PM

I like it how Miley Cyrus has made a comment, I'm pretty sure its actually her!


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kitesurfcentre

October 27, 2009 9:29 PM

why wont my comments work?


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Kelly

October 27, 2009 10:49 PM

CEO Pay is NEVER going down! Cut credibility some slack!

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Jay

October 28, 2009 6:52 AM

Morgan James... I must agree with you... pay them MINIMUM WAGE!... I love it

And lol @ Miley Cyrus.. never knew she had so much spare time

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Jay

October 28, 2009 6:55 AM

Morgan James... I must agree with you... pay them MINIMUM WAGE!... I love it

And lol @ Miley Cyrus.. never knew she had so much spare time

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Tom Robinson

October 28, 2009 10:44 AM

pay them MINIMUM WAGE!Here here!

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Tom Robinson

October 28, 2009 10:51 AM

here, here! Pay them MINIMUM WAGE!
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betav

October 28, 2009 12:16 PM

The bailed out banks should be regulated in their compensation package.Its our money.
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October 28, 2009 12:30 PM

We should not reward excessive risk.
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Rav

October 28, 2009 7:46 PM

The majority of CEO´s are well overpaid and do not deserve this amount of pay. They only get it because they have been at the company and are therefore considered part of the furniture.

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Steve

October 28, 2009 11:59 PM

I think there should be some level of cap in place... I find it crazy to believe that some of these insane salaries get passed by the shareholders in the first place!


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October 29, 2009 12:25 AM

Hey, These salaries are performance based. They wern't just flat fees for nothing. They were open ended based on their performance.

Ashoke Banerjee

October 29, 2009 7:00 AM

CEO pays should depend on their work and business strategy.If they increase the annual revenue of the company.

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Ricky

October 29, 2009 6:56 PM

This is not right CEO deserve what they get celebs and footballers should be the ones who get pay cuts!

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jeff elie

October 30, 2009 4:49 PM

people at the top will always be the elite

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Chuck Liddel

October 30, 2009 7:00 PM

Everybody was SO mad about the recent bonuses that were given from bailout money. Now, I can understand (sort of) that taxpayer money shouldn't go to nonperformers. If he doesn't meet the bonus requirements, then he shouldn't get the bonus. But if he does, then he SHOULD get his bonus.

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October 31, 2009 5:55 AM

Salary of managers at high level is almost cut down because they get too much salary..Stretch Marks | Stretch Marks

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October 31, 2009 6:15 AM

Managers are the ones who lose more wen their is any crisis.They are the worst affected.
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rayblu

October 31, 2009 3:43 PM

Hard to figure out what is going on really, have they gone up or down? So many studies on small samples seem to "prove" one thing or another...


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Ricky

November 1, 2009 9:25 AM

CEO's are not the issue Obama has the wrong end of the stick!

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paul

November 1, 2009 12:31 PM

high level CEOs should think if their salary is just too high in the current climate

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Stacie A.

November 3, 2009 10:08 PM

I hope they start to go down. Let them see how the rest of America feels. Where I'm from, minimum wage just DECLINED. No one wants to help the underdogs.

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Belinda

November 4, 2009 1:37 AM

Its all because of the recession.But no worries some or the other day there will be once again a booming economy.

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Belinda

November 4, 2009 1:42 AM

Its all because of recession. But no worries sooner or the later it will be a booming ecenomy once again.
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Brenda Ferguson

November 4, 2009 1:58 PM

Totally agree! I'll pass this post to my collegues also.
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bill wright

November 6, 2009 3:01 PM

If the business tanks or losses money they should have to get pay cut or something at least.

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November 6, 2009 6:57 PM

The economical situation has it own way to bounce back and return is all about a cycle.

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Simon

November 6, 2009 8:53 PM

Get ready for all this mayhem to start again. As we begin bonus season (yes it is underway already for the Jan & Feb payouts) this noise will increase...

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Simon

November 6, 2009 9:00 PM

Get ready for all this mayhem to start again. As we begin bonus season (yes it is underway already for the Jan & Feb payouts) this noise will increase...

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Robin

November 8, 2009 2:14 PM

No bonus if they don't meet the requirements. Easy.


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Robin

November 8, 2009 2:18 PM

people at the top will always be the elite



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Korvin

November 8, 2009 2:32 PM

high level CEOs should think if their salary is just too high in the current climate



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Denis

November 9, 2009 8:04 AM

Its all because of recession. But no worries sooner or the later it will be a booming ecenomy once again.



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Denis

November 9, 2009 8:32 AM

Its all because of recession. But no worries sooner or the later it will be a booming ecenomy once again.

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Damian

November 10, 2009 3:26 AM

Bonuses must be based on performance and if the requirements are met.

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Dennis

November 10, 2009 9:45 PM

Blame only gets you so far.

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paul

November 11, 2009 2:08 AM

The economical situation has it own way to bounce back and return is all about a cycle.
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Sam

November 11, 2009 2:36 AM

If the business tanks or losses money they should have to get pay cut or something at least.
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Don

November 11, 2009 7:03 AM

Get ready for all this mayhem to start again. As we begin bonus season (yes it is underway already for the Jan & Feb payouts) this noise will increase...
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How can you manage smarter? Bloomberg Businessweek contributors synthesize insights from the brightest business thinkers, critique the latest management trends, and comment on leaders in the news.

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