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CEO Pay Drops 9.4% |
| CEO Pay Drops 9.4% |
| From fiscal year 2007 to fiscal year 2008, median total compensation for tenured chief executives included in The New York Times' study declined by 9.4%. Equilar defines tenured chief executives as those who have held the top corporate post for at least two full fiscal years. Excluding newly hired or promoted chief executives from the calculation of change in pay is important because one-time signing bonuses might skew an analysis of year-over-year changes in compensation. To provide further insight into changes in compensation for chief executives, the following chart displays the change in median compensation between 2007 and 2008 for each of the key sectors included in the survey.
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