Executive Careers

 

Executive Compensation

Look at Executive Compensation

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.

However, we need to remember 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, 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 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. The breadth of information now sought by IRS agents is remarkable.
 
Agents are seeking detailed evidence of informed decision-making regarding how and when board members acquired and utilized executive compensation 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 excessive compensation within 501(c)(3) organizations and to satisfy the needs of 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 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 selected 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.

executive compensation


New Zealand Herald

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 368 news articles

Spotlight falls on executive compensation in bailout climate
Calgary Herald,  Canada - 31 Dec 2008
Excessive executive compensation is the latest corporate swamp. As the world sinks ever deeper into financial crisis, governments announce bailout packages ...

Top CEOs need just 12 hours to earn average Canadian annual salary
The Canadian Press, TORONTO - 14 hours ago
"In a rational world, you would expect a big drop in executive compensation in 2008 and again this year," Mackenzie said in an interview. ...

Maktoob

Treasury Says TARP Executive Pay Compliance Not Certain
Wall Street Journal - 31 Dec 2008
... billions of dollars from the federal government are complying with executive compensation rules, the department said in a report released Wednesday. ...
Jan. 2 editorial: This TARP covers too much News Enterprise
all 541 news articles

Report: CEO compensation mix reallocated
Bizjournals.com, NC - 29 Dec 2008
... CEO compensation reported in 2009, The Conference Board Top Executive Compensation report released last week shows that changes are already under way. ...
CEO Pay Moves Toward Stock Compensation Workforce Management
Conference Board: CEO pay shifting toward stock Bizjournals.com
all 61 news articles

Dividend.com

Caterpillar to cut executive compensation sharply for economic ...
Xinhua, China - 22 Dec 2008
22 (Xinhua) -- Caterpillar Inc. is planning to cut executive compensation up to 50 percent in 2009 in response to the current economic downturn, ...
Caterpillar to Cut Executive Pay, Sets Hiring Freeze Bloomberg
Caterpillar Throttles Back On Pay Forbes
Caterpillar to cut white-collar pay by 50% as demand slows Times Online
RTT News - Financial Times
all 376 news articles

CTV.ca

GMAC gets $5B from Treasury Department
Bizjournals.com, NC - 30 Dec 2008
GMAC must comply with executive compensation and corporate governance requirements of the Emergency Economic Stabilization Act and meet enhanced ...
Stocks Close Sharply Higher Following Government Bailout Of GMAC ... RTT News
GMAC receives $5B in bailout funds The Associated Press
all 3,341 news articles