Financial Services Industry
Industry: Email Alert RSS FeedCompensation: Supplemental Retirement Benefits Gain Popularity
US Banker, October, 2004 by Lee Conrad
While CEOs at the 50 largest U.S. banks earned an average of $6.1 million in fiscal 2003, a 12 percent increase over 2002, banks are being advised to reevaluate executive pay policies as new stock-options rules take effect and supplemental retirement plans become more popular.
During that same period, total cash compensation rose over 20 percent, and long-term incentive pay went up four percent, according to The Todd Organization, an executive-benefits consulting firm.
In addition to anticipated rule changes from the Financial Accounting Standards Board, heightened shareholder scrutiny also is forcing banks to put pay polices under the microscope, says Ron Roth, evp at The Todd Organization.
Stock options have been the linchpin of CEO pay for several...
- How to choose the right insurance carrier for your business
- Real Estate: Prepare your properties to weather what lies ahead
- Technology: Be prepared if part of your global supply chain goes missing
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
- Using object-oriented analysis and design over traditional structured analysis and design
Presented by the Premiere Rewards Gold Card from American Express