SEARCH

Entries in GovernanceMetrics International (1)

Tuesday
Jun072011

CEO Pay Rebounding as Recession Stock Grants Gain Value, Salaries Increase

Adam Gault/Thinkstock(NEW YORK) -- Corporate watchdog group GovernanceMetrics International (formerly The Corporate Library) released a preliminary version of its annual report on CEO pay, noting that the "modest economic recovery has led to large executive gains.”

Total median annual compensation was up 28 percent in 2010 according to the report, reversing two years of declines during the recession.

The median compensation was $8.49 million. This number includes base salary, bonuses, non-equity incentives, perks & benefits, change in the value of pensions, the value of any exercised stock options, vesting of stock and payments from vested retirement plans.

While that’s a significant increase, the median comp package still is not above the pre-recession level ($9.24 million in 2007).

The top 10 list is topped by the CEO of ABC's parent company. Bob Iger got a total pay package of $54.9 million last year, according to GMI’s number crunching from public corporate data.

View the top 10 paid CEOs list here.

Copyright 2011 ABC News Radio







ABC News Radio