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Article: Restricted Stock, Bigger Bonuses Boost Pay of Pennsylvania CEOs.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 20, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Bill Sulon, The Patriot-News, Harrisburg, Pa. Knight Ridder/Tribune Business News
Jun. 20--As stock options continue to fall out of favor with more corporations, top executives are finding financial solace from other sections of the corporate war chest.
Under increasing pressure from shareholders and regulators to account for stock options as expenses at the time they are awarded, many companies are cutting back on that form of compensation. Instead, they are rewarding executives with bigger bonuses and more restricted stock tied directly to the company's performance.
The result: Total compensation for CEOs continues to rise, but the ...