TITLE

CEO pay, perks' salad days

AUTHOR(S)
Endicott, R. Craig
PUB. DATE
December 2001
SOURCE
Advertising Age;12/3/2001, Vol. 72 Issue 49, pS8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article highlights a report focusing on chief executive officers'(CEOs) compensation in the United States during 2000. According to the report, the compensation leader among the industry's CEOs was Sanford Weill of Citigroup, at $224.9 million total compensation, most of it realized from exercising 20 million options. The report also showed that growth in non-salary areas of compensation is in large part related to the government's elimination of tax deduction for the salary portion above $1 million and the concomitant linking of executive performance to stock movement.
ACCESSION #
5623930

 

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