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Executive Compensation Group

Look at Executive Compensation Group

The highest paid senior executive jobs and top management positions are usually paid more than six times those, which are the lowest paying employee.

According to a report from the Institute for Policy Studies, the ratio of standard executive compensation to employee income increased from 301:1 in 2003 to 431:1 in 2004. If the minimum wage had risen as speedily as executive wages have since 1990, it would stand at $23.03 an hour rather than $5.15. The statement concludes that executives for military contractors profiting from the Iraq conflict are experiencing highest salary increases.

We need to remember however, that such professional and executive positions are salaried and do not have laws about working hours. Executive search firms search for executive positions from $125,000 to $1 million +. Competition for such highly paid jobs is hard.

New Nonprofit Executive Compensation Database

Because of the increased governmental regulation of executive compensation group, nonprofits need to be able to document the compensation comparability data that they rely upon when determining executive compensation. As a result, a new database that provides a thorough list of executive compensation group for nonprofit organizations has been introduced.

The Internal Revenue Service (IRS) has been aggressively making thousands of "compliance checks" of tax-exempt organizations regarding the procedures used to determine executive compensation group. The breadth of information now sought by IRS agents is remarkable.

Agents are seeking detailed evidence on informed decision-making regarding how and when board members acquired and utilized executive compensation group comparability data. IRS agents are even instructed to seek evidence regarding the variance between the compensation paid and the compensation comparability data relied upon.

At the request of the IRS, to assist in analyzing issues relating to executive compensation group within 501(c)(3) organizations and to satisfy the needs of executive compensation consultants and board committees, Money-making Research Institute (ERI) created the Compensation Comparables Assessor™ (CA+) software.

CA+ contains advanced search features that are particularly valuable to federal and state regulators, as well as information that executive compensation consultants, nonprofit executives and nonprofit board members can benefit from. CA+ provides subscribers with the ability to analyze the entire universe of Form 990 executive compensation data for select periods. CA+ is a user-friendly software program. The user simply selects a position, NTEE code, organization size and geographic area in order to analyze peer groups.

Citigroup's Pandit, Rubin forego 2008 bonuses
Reuters - 31 Dec 2008
... chairman of the House Financial Services Committee, has pledged to pass legislation in 2009 to give shareholders a bigger say on executive compensation. ...
Citigroup CEO Pandit, Chairman Bischoff Forgo Bonuses Bloomberg
Top Citi execs to forego bonuses AFP
Citi cuts executive pay MarketWatch
Wall Street Journal Blogs - TheStreet.com
all 379 news articles

Citigroup Inc., the recipient of a $45 billion infusion from the federal government, on Wednesday said it would place strict limits on management's compensation, including no severance for its top five executives.

Dena Imbesi and Edward Faccio were married Wednesday at Our Lady of Mercy Roman Catholic Church. The couple work at PricewaterhouseCoopers in New York.