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Article: CEO pay reflects banner year in financial services.(results of survey on salaries of chief executive officers by Arthur Andersen and Co.)
- Article from:
- American Banker
- Article date:
- February 25, 1997
- Author:
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Chief executive officers were well rewarded for the financial services industry's strong performance last year, an Arthur Andersen & Co. survey indicates.
On average, financial services CEOs earned more in both salary and bonus than their counterparts at nonfinancial companies, according to data compiled by Arthur Andersen Human Capital Services in Atlanta and Financial Executives Institute of Morristown, N.J.
Top executives at the 51 financial companies among the 428 in the 1996 survey, including banks and thrifts, earned an average base salary of $482,800, 54% higher than the average for leaders of nonfinancial organizations.
The average bonus for a ...