Large-Company CFO Pay Slumped in 2002

Marshall, Jeffrey; Heffes, Ellen M.
December 2003
Financial Executive;Dec2003, Vol. 19 Issue 9, p12
Academic Journal
This article presents a discussion over the results of a survey conducted by the Todd Organization concerning the compensation received by the chief financial officers (CFO) of large public companies in the U.S. in 2002. The author suggests several reasons behind the low compensation, most notably the issuing of fewer stock options. The author notes that despite bonuses growing the reduction in stock options significantly lowered CFO compensation. The author also added that the CFOs who saw the greatest reduction were those at large companies, a trend that is rarely seen when compensation is down.


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