The poor dears: How EVER will they survive?

[David Farber <dave () farber net>]

Begin forwarded message:

From: Randall Webmail <rvh40 () insightbb com>
Date: April 9, 2009 4:19:57 PM EDT
To: johnmacsgroup () yahoogroups com, dewayne () warpspeed com
Cc: dave () farber net
Subject: The poor dears:  How EVER will they survive?

Median CEO pay fell by 6.8 percent in 2008, according to a survey of  
S&P 500 companies by Equilar Inc.

That marks the first drop since 2002 when compensation fell by nearly  
10 percent, according to the California firm, which tracks executive  
pay. The 6.8 percent decline in overall compensation was driven by a  
20.6 percent drop in cash bonus payouts in 2008 compared with 2007.

The 2008 median for the CEOs overall pay packages was $8.45 million.  
Base salary was up 5.7 percent for the group to $1.06 million. The  
median cash bonus was $1.47 million.

A similar study conducted by Equilar last year showed a 1.3 percent  
bump in median compensation from 2006 to 2007.

Other findings in the current Equilar report, which survey  
compensation for 208 S&P 500 CEOs:

    * Median annual incentive plan payouts, primarily linked to  
corporate performance, fell 19.6 percent to $1.21 million.
    * Median value (based on the date of the grant) of stock awards  
rose 1.4 percent to $2.34 million.
    * The value of stock options (based on the date of the grant)  
rose by 3.6 percent to $2.4 million.
    * The median for other compensation — insurance, travel,  
financial planning perks and the like — dropped 2.7 percent to $198,446.

http://louisville.bizjournals.com/louisville/stories/2009/04/06/daily42.html?surround=lfn

http://snipurl.com/fl0wv




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