Blues Plans Are Criticized on Executive Compensation; Some Adjust Pay Based on Economy : Chris Meehan
companies are making changes to executive compensation plans "directly as a result of the economic downturn. These changes involve reducing salaries and changing the short-and long-term incentive opportunities to reflect the expectations of lower performance going forward." Overall, he says, "According to Equilar, Inc., total compensation of S&P [i.e., Standard & Poor's] 500 executives at companies that have filed their proxy statements so far, CEO pay has dropped by 6.8% and annual incentives h
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