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IP: Those who still have jobs, get paid - maybe
From: David Farber <dave () farber net>
Date: Sat, 17 Mar 2001 06:03:16 -0500
From: "Janos Gereben~" <janos451 () earthlink net> To: "jg" <janos451 () earthlink net> Subject: Those who still have jobs, get paid - maybe Date: Tue, 13 Mar 2001 23:54:16 -0800 X-Mailer: Microsoft Outlook Express 5.50.4522.1200 Small Internet company salaries stay up Janos Gereben - the451 [Study is first to look into compensation statistics at small, privately-held Internet companies.] A new US study of compensation at small and mid-sized Internet-related companies found California still on top, by a bit, with an average annual salary of $230,000 for CEOs, and not showing decline as the general business downturn is becoming obvious. The Mid-Atlantic region followed closely, with $220,000, but showing a higher average - of $243,000 - for sales directors. New England came in with another $10,000 drop for CEOs (at $210,000), and the average figure for the South was $198,000. All figures include salary and bonus payment. Hale and Dorr, Ernst & Young, the Harvard Business School and the executive recruiting firm J. Robert Scott jointly produced the "2001 Internet Compensation Report." The study surveyed salaries for nine senior executive positions, and it was based on surveys of 211 companies with an average of 50 employees. In contrast with the CEO averages, the studio showed wider regional fluctuation for CFOs, from the high of $205,000 to a low of $165,000 in the Mid-Atlantic. Heads of engineering were, on the average, positioned between CEOs and CFOs, at around $180,000 nationally. Surveys of other job categories included chief operating officer ($226,000 at Mid-Atlantic companies), chief technology officer ($175,000), head of marketing ($188,000), head of business development ($214,000) and head of human resources ($119,000). The study found a rate of company equity stake held by CEOs inverse proportion to cash compensation, ranging from 10.57% in California to 16.52% in the South. Noam Wasserman, a Harvard Business School doctoral candidate who designed the survey and analyzed the data, said the study provided information available nowhere else. "From all the research that I've done on compensation reports, I found that there was very little on small, private companies," he said. ~~~~~~~~~~~~~~~~ Janos Gereben/SF, CA janos451 () earthlink net
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- IP: Those who still have jobs, get paid - maybe David Farber (Mar 17)