Excerpt
Over the past three decades, executive compensation — the salaries, bonuses, shares, stock options, severance pay, and other benefits that businesses provide their top management — has risen dramatically and, along with it, public outrage. In 1970, CEO compensation was 11 times the average hourly worker wage. In 2007, it averaged $10.5 billion annually, 344 times the pay of the typical American worker.
The recent financial meltdown, and before that the Enron Corporation accounting scandal, have exposed flaws in how boards of directors determine CEO incentives and have made executive compensation a s…
In This Issue
-
Foreword
Read More -
Pay Comparisons
Senior Executives and Employees
Read More -
Executive Pay Reform
Evolution of the Policy Debate
Read More -
Pay Structures and Risk
Recommendations of the Congressional Oversight Panel
Read More -
Treasury Department Ruling
Standards for TARP Recipients
Read More -
Bill Summary
Corporate and Financial Institution Compensation Fairness Act
Read More -
Legislative Background
Recent Action on Executive Compensation
Read More
Pro & Con
Should the House Pass H.R. 3269, the Corporate and Financial Institution Compensation Fairness Act?
