Salary Update: What are the chances of a new CEO earning more than a predecessor?
- May 30, 2014 |
- CEO Update
Chances of a new CEO commanding a larger paycheck than a predecessor are about 50/50, according to a new analysis by CEO Update. However, most pay increases seen by incoming CEOs are in the single digits, in line with the typical yearly increase the previous CEO would have seen if staying with the group. The odds of new CEOs seeing a significant pay increase over the previous CEO are much lower—about one in five. American Medical Association CEO James Madara, hired in July 2011, earned slightly more than $1 million in 2012, his first full-year paycheck. That's 15 percent higher than predecessor Michael Maves' final full-year salary in 2010. Backing out bonuses and one-time… Read More