Click me
Transcribed

2008 executive compensations down 7%

268 CEOS did not receive a bonus in 2008 The median of perks totaled $170,501 in FY2008, up 6.8 percent from 2007 McClendon and Jha were the first The 10 highest-paid CEOS received packages totaling $538 million to break through S100 million Salary made up a growing chunk of CEO pay. It was, on average, 14 percent of the total compensation Executive pay hit by recession in 2008 +700% Public Storage Inc. $17.0 M CEOS salaries were slashed in 2008 – less total compensation, smaller bonuses, nearly worthless stock options - but their companies are already making adjustments that could mean fatter paychecks in the future. An Associated Press analysis shows the median pay package for CEOS of companies in the Standard & Poor's 500 index fell 7 percent to $7.6 million in 2008. 600 Compensation size in 2008 for CEOS of S&P 500 companies, and change from previous year in compensation and stock price Apache Corp G. S. Farris $37.2 M 500 - KEY On top 10 list for 2008 compensation Thermo Fisher Scientific Inc. $18.7 M On top 10 list, no comparable salary data in 2006 Other stock of interest 400 Vertical seale: Change in compensation 2007-'08 PM stock Chesapeake Energy Corp. A. K. McClendon $112.5 M 300 At 104 companies in the AP sample, the chief executive's bonus got fatter even though the stock price declined. 200 American Express Co. K. Chenault $42.9 M Juniper Networks Inc. J. Dimon $36.1 M JPMorgan Chase & Co. J. Dimon $35.7 M Walt Disney Co. R. Iger $51.1 M McDonald's Corp. $8.9 M 100 Citigroup Inc. V. Pandit $38.2 M Motorola Inc. S. Jha $104.4 M 10 Horizontal scale: Change in company stock price 0+ 2007-08 GM $14.9 M 15 -100% decrease in compensation Goldman Sachs Group L. Blankfein $42.9 M Philip Morris International Inc. L. Camilleri $36.9 M Bank of America $9.0 M -80 Morgan Stanley Š12.4 M -100% decrease -60 20 +40% increase in stock price -40 -20 in stock price *PM stock price change calculated from March 2008 to Dec. 2008 Compensation adjustment across the board The median payout in cash for salary and bonuses fell 20 percent from a year earlier to $2.4 million. But that's still 48 times what the average U.S. worker makes, based on the most recent government figures. ENERGY SECTOR CONSUMER FINANCIAL Median salary change: +8.6% Median salary change: Median salary change: -20.1% Discretionary -25.1% Staples -10.1% Income bracket for executives in 2008 in 2007 100 executives 80 60 40 so $5 million $10 $15 $20 $25 $30 $35 more BIGGEST -99.6% -97% +465% +630% LOSERS WINNERS John Mack MORGAN STANLEY Ronald L. Havner, Jr. PUBLIC STORAGE INC. Richard D. Fairbank Marijn Dekkers THERMO FISHER SCIENTIFIC INC. CAPITAL ONE FINANCIAL CORP. $68,344 $1,235,097 $18,705,572 $16,961,743 The AP calculation includes salary, bonus, performance-related bonuses, perks, preferential interest rates on deferred pay and the estimated value of stock options and awards granted during the year. The value of stock and options given to executives may turn out to be significantly higher or lower when and if they are ultimately cashed out, but the numbers simply reflect the board of directors' estimate of the eventual payout. SOURCES: AP research; company performance data provided by Capital IQ, a division of Standard & Poor's Nicolas Rapp, Matt Fordahl - AP

2008 executive compensations down 7%

shared by kcatoto on Jan 24
193 views
0 shares
0 comments
CEOs salaries were slashed in 2008 – less total compensation, smaller bonuses, nearly worthless stock options – but their companies are already making adjustments that could mean fatter paychecks ...

Publisher

Nicolas Rapp

Source

Unknown. Add a source

Category

Business
Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy

For wordpress.com:

Click the code to copy
Customize size