A Raleigh News & Observer analysis of CEO compensation at North Carolina’s 50 largest publicly traded companies found that, despite negative returns for shareholders, 33 percent gave their top executives higher compensation in fiscal 2011. “At the same time,” the publication adds, “nine CEOs whose companies had positive returns for shareholders actually saw lower pay.” The findings show that executive compensation does not always track shareholder return, even as critics call for stronger links between pay and performance. Charles Elson, head of the University of Delaware’s Weinberg Center for Corporate Governance, concluded that “boards that do not effectively tie pay to performance risk backlash from the public and from their own workers.”
North Carolina CEOs see higher pay
CEO compensation increased at 33 percent of North Carolina’s largest companies.
June 25, 2012