Firms show execs the money; Base salaries took a dip in '05, but big bonuses grew.(News)

Investment News, April, 2006

Byline: Frederick P. Gabriel Jr. BOSTON - Despite rising complaints about excessive compensation, directors at financial services companies that manage assets are handing out big bonuses to their top executives. The average top executive received a $3.35 million bonus last year, a nearly 30% increase from $2.59 million the year before, according to an analysis of the compensation packages of nearly 50 top executives at a broad range of financial services companies.

The average base salary of executives dropped 1.25% to $550,405. Excluding stock options, the average top executive took home $4.11 million in salary, bonuses and other forms of compensation in 2005, up 23.8% from $3.31 million in 2004. Executives also received, on average,...

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