Executive Compensation Trends Newsletter - March 2010
New Research: CEO Bonuses Decline in '09
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In an intensely focused compensation climate, bonuses have received perhaps the largest amount of scrutiny, and changes are afoot in the field. Our full report on CEO Bonuses comes out next week, but in the meantime, check out our new brief, full of crucial advance information. Key findings include:
Median bonus payouts for CEOs fell 21.9% in 2009, from $882,105 to $689,000.
Companies in the financial and technology industries took the biggest bonus payout hits, while services and healthcare were up.
6.1% of CEOs received no bonuses at all—an increase of 8.3% from 2008 to 2009.
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Equilar in the News                                                                                                                

To help you monitor the latest executive compensation headlines, we've selected several recent articles featuring Equilar data and research. Visit the news and publications section of our website to read the complete listing of new media mentions.

CEO Bonuses Fall 22% in 2009: Study
March 9, 2010
CNBC
"In a report to be released on Wednesday, the executive compensation firm Equilar looked at the proxies filed by 180 firms with revenue of more than $1 billion. The study found that in 2009 the median bonus payout fell 22 percent to $689,000 from $882,000 in 2008."
Stock Options Still Popular With Tech Firms
March 4, 2010
The Wall Street Journal
"Silicon Valley firms such as Oracle Corp. and Cisco Systems Inc. continued to give out big options packages to executives during the recession last year, according to an analysis from executive-compensation research firm Equilar Inc. Some companies handed out option grants that were similar in scope to what they gave in 2008, while others raised such grants substantially from 2008, when they didn't hand out any stock options to executives."
Companies' Claws May Have Limited Reach
March 3, 2010
The Wall Street Journal
"According to executive compensation research firm Equilar Inc., 80% of Fortune 100 clawback provisions allow 'for the recovery of compensation in the event of a financial restatement.' Additionally, 85% had provisions to recover compensation when the "executive behaves unethically."
Shake-Up Is Citi's Latest Rebranding Attempt
March 1, 2010
The Wall Street Journal
"Thomas Montag, the head of Bank of America's investment bank, was paid about $29.9 million last year, according to Equilar. That puts him in the running as Wall Street's highest earner in 2009. Most of his compensation, however, was from a $20 million sign-on stock award set in May 2008 before the bank received bailout money."
Despite Downturn, Top Tech Firms Awarded Big Restricted-Stock Grants
February 25, 2010
The Wall Street Journal
"According to executive compensation research firm Equilar Inc., several Silicon Valley companies provided restricted stock grants to executives last year that exceeded $20 million based on the fair market value on their grant dates. Restricted stock is a form of equity compensation that typically vests over several years."
5 Gold-plated Exec Health Plans
February 25, 2010
Fortune Magazine
"In 2009, 28% of Fortune 100 companies disclosed the cost of executives' 2008 health benefits or physicals in their proxy filings, according to research firm Equilar. That's up from 21% the year before."
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ABOUT EQUILAR
Equilar is a leading information services firm with products focused on analyzing and benchmarking executive and director compensation. Equilar's award-winning suite of online databases, search tools, and custom research services empower informed compensation decisions through direct access to trusted data. These offerings enable corporations, human capital consulting firms, law firms, investors, individual executives, and members of the media to accurately compare pay packages across thousands of public companies using SEC and survey data. To learn more, visit www.equilar.com.

DISCLAIMER
The information and analysis in this e-mail and attachments are intended to be for informational purposes only. The analysis is based on information taken from publicly filed documents and we do not represent to its accuracy. Equilar, Inc. assumes no liability for the use or interpretation of information contained herein. This publication is provided "as is" without warranty of any kind, either expressed or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or non-infringement of third party rights.