Boston Globe (October 8)
2010/ 10/ 09 by jd in Global News
The Globe points to “a distressing pattern for executive pay.” It always goes up. “In the economic-meltdown year of 2009, CEO salaries at publicly traded companies based in Massachusetts rose by a cushy 8 percent, even as many of the companies suffered disappointing returns.” In the future, the CEOs will ask for another raise when profits improve. Executive pay has become detached from executive performance. The Globe calls on shareholders to exercise their say-on-pay votes to correct the situation.
Tags: Executive pay, Say on pay, Shareholders
