According to data supplied to the Denver Post by S&P Capital IQ, “average pay for the top two executives at Colorado’s 50 largest public companies in market value was $4.1 million last year, down 12.6 percent from 2010′s average of $4.7 million.” Median pay — the point where half the executives made more and half made less — decreased 6.7 percent to $2.8 million in 2011 from $3 million in 2010. According to Jim Burton, managing partner of accounting firm Grant Thornton’s local office, increased transparency and new regulations surrounding compensation have kept a cap on pay increases.
Colorado top executive pay down 12.6 percent
Median CEO compensation in Colorado decreased to 6.7 percent in 2011, to $2.8 million.
June 25, 2012