Median CEO pay at 8.4 million in 2005

[papau]

A survey from compensation consultants Pearl Meyer & Partners
http://www.amazon.com/gp/product/B000BGBTJ4/104-2662849-4204766?v=glance&n=551440
http://72.14.203.104/search?q=cache:aPfFAL-RkQkJ:www.citizenworks.org/news/index.php%3Fid%3D181+New+York+Times+2005+survey+from+compensation+consultants+Pearl+Meyer+%26+Partners&hl=en&gl=us&ct=clnk&cd=17

Last year, chief executives of 179 big U.S. companies on average saw their total compensation swell by 12.6 percent, to nearly $10 million, according to Pearl Meyer's survey for The New York Times. Salary plus bonuses rose an average 16.8 percent, to $3.39 million.

In 2004, American workers saw their wages rise an average of 2.4 percent , according to the Bureau of Labor Statistics. Those in white-collar jobs gained 2.5 percent while blue-collar workers saw pay increase 2.4 percent. Nationally, workers earned an average of about $35,401, according to the Employment Cost Index.

http://www.clarkconsulting.com/knowledgecenter/resources/clarkreport/ceo_pay.htm


http://www.pearlmeyer.com/prcurart51.html

CEO pay rose 10% to a median of $8.4 million in 2005, according to a press release on the survey conducted for The New York Times. Growth in executive pay saw a 15% increase in net income and a 6% rise in total shareholder return among the 200 companies studied, the release said.

Bonuses paralleled more modest corporate growth, up 7.7% to $1.8 million. Median salary was up 3.8% to $1 million.<snip>

The SEC has clarified that all executive benefits and perquisites, such as use of corporate aircraft, vehicles and lodgings, even when not considered income, must be disclosed. The survey found that, with many companies including those numbers for the first time, the median value of "other" compensation jumped 13.5% to $188,173. "The increase in perquisite values is a preview of the changed look we can expect of executive compensation under the new SEC rules," Koors said, in the release.

CEO compensation programs in 2005 also saw a third straight decline in stock option values, down 1.4% to $2.1 million on top of a 7% decrease a year earlier. At the same time, there was a 15% rise to $1.9 million in the value of stock awards and long-term performance plans. Companies have steadily moved away from granting stock options since the Financial Accounting Standards Board adopted its options expensing rule (Stock Options have been Cut in Response to FAS123).<snip>

[ArmHayseed]

1. More on CEOs

Here's another site by AFL/CIO that gives info about the CEOs of individual companys.

http://www.aflcio.org/corporatewatch/paywatch/ceou/database.cfm

[Robert Oak]

2. why is this ignored?

CEO pay, which is the glorified creation of the "executive" class stealing from shareholders and employees alike...

should be the theme of the overall attack on the middle class, yet here is a post with 1 comment.

This should be front paged and people should be writing their representatives daily on this outright theft.