Boards weigh CEO pay in light of private sector abuses
- March 26, 2009 |
- evans
Scrutiny over pay and performance bonuses in the private sector is crossing over to associations, as more boards approve cost-cutting measures and take a closer look at how they compensate leaders in industry groups. Lower base salaries and tighter metrics for performance bonuses have become the new order of the day at the negotiating table for CEOs. There are no sacred cows, said David Goch, partner with Webster, Chamberlain & Bean in Washington, D.C., who is hired by trade groups to negotiate CEO contracts. Boards are looking at their budgets, theyre letting people go and suspending bonuses so theyre absolutely looking at all of their overhead and program… Read More