CEO pay at US firms little changed during turmoil: survey

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Published in Google September 25, 2009 by AFP

Chief executives at US corporations largely maintained their salaries and benefits during the economic and market turmoil of 2008, a survey by a shareholder rights group showed Thursday. The Corporate Library said its survey of 2,700 publicly traded firms showed median annual compensation for chief executive officers declined by 0.08 percent in 2008. This indicates “that the link between CEO pay and firm performance remains very weak,” said a report from the corporate governance organization.

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