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Article: Red carpet smooths path to many executive suites. (survey of bank chief executive officers perquisites) (Chief Executives, At Work and Play) (Brief Article)
- Article from:
- American Banker
- Article date:
- August 17, 1992
- Author:
CopyrightCOPYRIGHT 1992 SourceMedia, Inc. 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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MEMBERSHIP IN clubs and deferred compensation are the perquisites most often given to bank chief executive officers, according to a recent survey.
Conducted by executive search firm Heidrick & Struggles for the American Banker, the survey was mailed to CEOs at the nation's top 300 commercial banks. Responses were received from 24 CEOs; the average asset size of their banks was $11 billion. Although the small sample makes it difficult to draw statistically valid conclusions, compensation consultants generally agree with the survey findings.
"Membership in clubs, especially for CEOs of large organizations, is pretty darn common," said Dana Daniels, senior ...