Longer CEO lives spur pay growth as companies cushion pensions
March 26, 2015 by Madeline McMahon
(Bloomberg) — Pensions are helping to fuel a jump in average chief executive officer pay — and the reason is largely out of companies’ control.
Standard & Poor’s 500 Index companies that have filed proxy statements for fiscal 2014 contributed an average $1.5 million to their CEOs’ pensions, compared to an average of about $550,000 in 2013, according to summary compensation table data compiled by Bloomberg. Pensions comprised about 11 percent of total CEO pay at those companies, compared to 4 percent in 2013. Click here to read more…
Originally Posted at LifeHealthPro on March 25, 2015 by Madeline McMahon.
Categories: Industry Articles