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


Eastman Chemical CEO gets $3.5M in 2009 pay
The Associated Press
The Associated Press executive compensation formula is designed to isolate the value that the company's board placed on the executive's total pay package ...

and more »

Bristol-Myers CEO's 2009 compensation down 22 pct
The Associated Press
Those reflect the size of the accounting charge taken for the executive's compensation in the previous fiscal year. Bristol-Myers said its board decided ...

and more »

XL Capital CEO's compensation slips in 2009
BusinessWeek
... Securities and Exchange Commission, which reflect the size of the accounting charge taken for the executive's compensation in the previous fiscal year.

and more »

SEC adopts enhanced proxy statement disclosures focusing on compensation and ...
Lexology (registration)
... and the consultant or its affiliates has provided other non-executive compensation consulting services to the company in excess of $120000 in the fiscal ...
Proxy Season Heats Up as New Executive Compensation Rules are Effective and ...JD Supra (press release)
Holland Knight LLP > Securities Financial News to Note Bulletin - February 22 ...Linex Legal (registration)
SEC issues new interpretations on executive compensationLexology (registration)

all 23 news articles »

Recent Developments In Employee Benefits And Executive Compensation
Mondaq News Alerts (registration)
For more details on any item reported herein, please contact any member of Blank Rome's Employee Benefits and Executive Compensation group. ...


Total compensation drops in '09 for FirstMerit executives
Akron Beacon Journal
No further explanation was available in the filing, and company spokesman Rob Townsend said the company did not comment on executive compensation. ...

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GMAC Executive Pay Packages Questioned by TARP Oversight Panel
BusinessWeek
Kenneth Feinberg, the Obama administration special master for TARP executive compensation, approved the pay packages at GMAC and other TARP recipients. ...

and more »