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Article: Let's give these corporate executives a break
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- July 4, 2005
- Author:
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PAM LOBLEY
The Record (Bergen County, NJ)
07-04-2005
Let's give these corporate executives a break
By PAM LOBLEY
Date: 07-04-2005, Monday
Section: OPINION
Edtion: All Editions
THERE'S SOMETHING happening in boardrooms across America. It's just a little movement, but it is being felt. Companies are starting to link the pay of their CEOs to actual corporate performance.
In other words, if the company does not do well, the CEO will make less money.
Last year, when the net income at Unisys dropped 85 percent, its CEO got no bonus and his overall pay dropped by 17 percent. Currently at Cola-Cola, the CEO will lose all of his restricted stock if he is no longer with the company when his shares vest in ...
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