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Article: CEO pay sloping upward faster than earnings. (chief executive officers) (Chief Executives, At Work and Play)
- 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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The trend of linking executive pay to bank performance all but disappeared in 1991.
Cash compensation for the 10 highest-paid bank executives in 1991 rose an average of 46% from their pay in 1990, according to a survey from SNL Securities. Earnings at their banks during the same period rose less than 7%.
In addition, three of the highest-paid executives broke the $2 million mark in pure cash awards.
Never before had more than one senior executive from a public bank company broken into that rarefied realm.
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