Got a top-notch CEO or president and want to make sure she or he doesn't look for greener (as in money) pastures elsewhere? Then you may want to consider the findings of the 2014 AESC BlueSteps Executive Compensation Report.
This study of compensation at nearly 1,000 large corporations chunks out considerable data that will offer comparisons between what your bosses are making and the comp that others enjoy. In general the report indicates that corporations need to shell out some big bucks to their top decision makers. But if your CEO didn't get a big raise, or even one at all, don't worry too much — many others had the same experience.
For starters, if your CEO didn't get a raise in the last fiscal year, your company was in the majority. Respondents said 43 percent of CEOs didn't get a raise last year. The report found that less than half — 44 percent — got increases. Meantime, 14 percent had their comp cut — and more CEOs suffered that fate than did other C-level, EVP and director/executive level bosses.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
