It's been an ugly year or two. Those of us lucky enough to
have hung onto our jobs may not have received salary
increases and we may not even be too upset about that, all
things considered.
In loftier corporate levels, though, CEOs operate in a
different setting. You probably won't be surprised to learn
that CEO compensation has kept rising, in general, even in
this crummy economy. Take
Chesapeake Energy 's (NYSE: CHK) Aubrey
McClendon, for example, whose compensation was in the
neighborhood of $25 million in 2007 and then topped $100
million in 2008, according to CNNMoney. Yikes.
Still, here's some uplifting news: Some CEOs saw a
decrease in their base salaries. Check it out:
Company
Recent CEO Base Pay Cut
General Motors
Cut to just $1
Ford Motor (NYSE: F)
Reduced by 30%
FedEx (NYSE: FDX)
Reduced by 20%
American Express (NYSE: AXP)
Reduced by 10%
Motorola (NYSE: MOT)
Reduced by 25%
EMC (NYSE: EMC) Continued... |