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Article: Fewer Stock Options for Executives in 2004; Restricted Stock Use Increases; More Companies Include Performance Features in Long-Term Plans.
- Article from:
- Business Wire
- Article date:
- December 15, 2004
CopyrightCOPYRIGHT 2004 Business Wire. 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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LINCOLNSHIRE, Ill. -- Legislative and accounting changes in 2004 led to some of the biggest shifts ever seen in executive compensation, according to Hewitt Associates, a global human resources services firm. In particular, companies are significantly decreasing the number of stock options offered to executives in their long-term incentives, while increasing the use of restricted stock and performance-based equity plans.
Hewitt's analysis of executive compensation trends reveals that while stock options made up nearly 50 percent of total compensation for a Fortune 100 senior executive two years ago, they account for only 31 percent today. Time-based restricted ...