Exact(10)
With the help of Aon Consulting's eComp Database, the slide show details the best compensated general counsel at Forbes 500s companies, based on total compensation and options exercised in 2002.
The disagreement centers on total compensation.
He also reiterated what General Manager Mike Tannenbaum said on Sunday night, that the Jets and Revis's representatives' main disagreement centers on total compensation.
"My research suggests that it is critical to distinguish between different elements of pay – and when and how they are paid – rather than focusing on total compensation," he says, pointing out the difference between long-term share incentive schemes, which reward success, and basic pay, which doesn't necessarily do so.
Plus governments can eliminate taxpayer subsidies for excessive executive pay and encourage reasonable limits on total compensation by not giving out contracts to companies who pay excessive CEO salaries (effectively subsidized by the taxpayer) and rewarding those who pay their workers well.
Rank is based on total compensation for latest fiscal year.
Similar(50)
While bankers earn far more than people in many other fields, pay experts also noted that bonuses account for a large portion of total compensation on Wall Street.
While empirical researchers have studied the impact of limiting corporate tax deductibility of fixed salaries on the level and composition of pay thoroughly (e.g., Hall and Liebman 2000; Rose and Wolfram 2000; Perry and Zenner 2001), empirical evidence related to Predictions 2 and 3 on limited tax deductibility of total compensation is still missing.
Bonuses based on performance will amount to about 10.5percentt of total compensation in 2002, down from 10.8percentt last year, according to Hewitt's survey.
The plan, for the 25 top earners at seven companies that received exceptional help, will on average cut total compensation this year by about 50percentt.
Excluding the value of options granted in the last two years, those C.E.O.'s received, on average, total compensation of $5.9 million, up 23percentt from an average of $4.8 million in 2002.
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