BizJournals Portfolio
Apr 15 2008 12:00am EDT

Am I Paid Too Much? Er, Well....

Union leaders grumbling about executive compensation? No surprise there.

Now, however, a growing number of C.E.O.'s themselves start to express second thoughts about how much C.E.O.'s are paid. Maybe its time to listen.

More than 40 percent of the executives who participated in the latest Executive Quiz of customers of the executive recruitment firm Korn/Ferry International said they were "absolutely concerned" or "somewhat concerned" by how much their C.E.O.'s made in light of increasing calls for fair pay.

At the same time, less than half of the respondents said they thought their C.E.O.'s pay directly reflected their company's performance.

To varying degrees, 82 percent of those surveyed agreed that shareholders should have a "say on pay" for their company's executives.

Russell Miller, managing director of Korn/Ferry's Executive Compensation Advisors, said the survey results reflect the uneven progress being made in tying executive pay closer to performance.

"The business community continues to focus on aligning pay and performance," Miller said, "and companies are having mixed success against this objective."

by Mark Stein


blog comments powered by Disqus
Real Business, Real Results

Did anyone at Microsoft ever watch the (gasp!) offensively funny show Family Guy?

Ex-Morgan Stanley exec Zoe Cruz is now heading her own hedge fund. Are Wall Street's leaders done?

Martha, Bernie and Skilling know that what you wear for court can go a long way in public perception.

spotlight on

Health Care

Bad to the Bone No More

Companies such as General Mills say they're stepping up efforts to change employees' bad behavior and promote healthier lifestyles. Read More