Thursday, November 03, 2005

Survey: CEO compensation jumps 30% in 2004


When it comes to chief executives and their compensation, a new survey makes it clear: It's nice work if you can get it.
A typical chief executive at the biggest U.S. companies was last year awarded $5.74 million of compensation, 30.2% more than in 2003, according to a survey released by the Corporate Library, a corporate governance research group in Portland, Maine.

The average CEO at companies in the Standard & Poor's 500 index was paid even more — $11.71 million.

See full Article.