How the impact of say-on-pay, and heightened scrutiny in general, is being felt in Corporate America, even as compensation trends up at the highest levels.
While the value of CEOs’ pay packages jumped in 2010 – the median value among S&P 500 companies surged 20%, to $10.6 million, according to ISS Corporate Services – the increase may not be the most significant change in executive compensation. The structure of executives’ compensation also is shifting, and simplifying, in major ways.
“Most companies are in a back-to-basics mode,” says Peter Miterko, managing director with compensation consultancy Pearl Meyer & Partners. More firms are linking pay to performance through a mix of measures like return on assets, return on equity, and total shareholder return, he says. (Note: registration is required for access to the ISS paper.)
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