Saturday, January 21, 2012

Survey: More executive salaries being frozen - Puget Sound Business Journal (Seattle):

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The survey, of human resources and compensation executivexs at145 U.S. companies by consulting gianf , was conducted in early The percentage of respondents that have frozemn salaries has jumped to 55 percenyt from 21 percent in thesurvey found. Nearly half plan to reduce their bonus pools by an average of40 percent. "Ther recession has shone a light onexecutivd pay, causing many companies to re-evaluate the long-term implicationxs of their executive pay policies,” said Watso n Wyatt’s Andrew Goldstein. “Although boardz are under pressure tomake it’s still not clear whether the changee they have made have been aggressive enoughj to placate shareholders.
” The Watson Wyatt (NYSE: WW) survey also says 33 percenf of respondents expect theitr long term incentive rewards dollar values will with an average decline of 35

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