War means a windfall for CEOs

September 19, 2007
War means a windfall for CEOs

• CEOs at top defense contractors have reaped annual pay gains of 200% to 688% in the years since the Sept. 11, 2001, terror attacks.


• The chief executives at the seven defense contractors whose bosses made the most pocketed nearly a half-billion dollars from 2002 through last year.


• The CEOs made an average of $12.4 million a year, easily more than the average corporate chief. Since the start of the war, CEOs at defense contractors such General Dynamics (GD, news, msgs), Halliburton (HAL, news, msgs) and Oshkosh Truck (OSK, news, msgs) have made, on average, more in four days than what a top general makes in a whole year, or $187,390.

CEOs Earn More in A Day than Most Workers in A Year

August 29, 2007
CEOs Earn More in A Day than Most Workers in A Year

Top executives at major U.S. businesses last year made as much money in one day of work on the job as the average worker made over the entire year, according to a report released on Wednesday.

Chief executive officers from the nation's biggest businesses averaged nearly $11 million in total compensation, according to the 14th annual CEO compensation survey released jointly by the Institute for Policy Studies based in Washington and United for a Fair Economy, a national organization based in Boston.

CEO pay: 364 times more than workers

August 29, 2007
CEO pay: 364 times more than workers

The average CEO of a large U.S. company made roughly $10.8 million last year, or 364 times that of U.S. full-time and part-time workers, who made an average of $29,544, according to a joint analysis released Wednesday by the liberal Institute for Policy Studies and United for a Fair Economy.

That gap is down from 411 times in 2005 and well-below the record high of 525 times recorded in 2000. But the comparison isn't exactly apples-to-apples, in part because IPS and UFE changed how they measured CEO options pay this year.

Senators To Target Deferred Compensation

January 17, 2007
Senators To Target Deferred Compensation

The Senate Finance Committee is considering a proposal to sharply limit the earnings corporate executives and other highly paid employees can place tax-free into deferred compensation plans, one of the most popular executive benefits in corporate America.