- Seth Bornstein – AP: “David Simon of Simon Property received a pay package worth more than $137 million for last year, and the typical CEO took home $9.6 million, according to an analysis by The Associated Press.”
- “Top U.S. public companies made only modest increases to CEO pay levels in 2011, despite strong company profitability, according to results from The Wall Street Journal/Hay Group 2011 CEO Compensation Study released [May 21, 2012]. The Wall Street Journal partnered with Hay Group for the fifth year on its annual study, which examined how large company CEOs were compensated across all forms of pay in fiscal year 2011. After seeing CEO pay jump a marked 11 percent in 2010, total direct compensation grew by only 2.8 percent in 2011 to $10.3 million. Base salaries grew 1.5 percent to $1.2 million, while annual incentive payments were flat at $2.3 million, yielding no increase in overall median cash compensation at $3.6 million. For the second year in a row, long-term incentives (LTI) increased, growing 5.5 percent to $7 million. Company performance, on the other hand, was mixed. The median company included in Hay Groups study showed a 13 percent increase in net income from 2010, but only a modest 3 percent total shareholder return (TSR).”
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