"Score One for Pay-for-Performance" Says Compensation Expert Bruce Ellig
NEW YORK, March 27, 2012 /PRNewswire/ -- "While some are stating that high CEO pay will trigger shareholder opposition in say-on-pay votes this year, there is evidence that -- at least in some companies -- CEO pay is lagging last year's pay when performance expectations have not been met," says Bruce R. Ellig, author of the revised and updated The Complete Guide to Executive Compensation.
"The Wall Street Journal just reported that for at least 65 CEOs, their total direct compensation grew less, on a percentage basis, than their companies' increases in performance." Mr. Ellig notes, "The reason is likely that although performance improved, it was less than expected by the board of directors and compensation committee."
He adds, "It appears that the decision makers resisted attempts to lower the targets or include discretionary add-ons. Score one for pay-for-performance."
For more information or to speak with Bruce Ellig on these or other compensation or human resources issues, please contact Temin and Company at 212-588-8788 or [email protected]
SOURCE Bruce Ellig
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