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Transcript: CEO COMPENSATION IN THE POST-ENRON ERA:MR. JOSEPH E. BACHELDER
- Article from:
- Congressional Testimony
- Article date:
- May 20, 2003
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Statement of Mr. Joseph E. Bachelder Founder and Senior Partner, The
Bachelder
Firm Committee on Senate Commerce, Science, and Transportation CEO
Compensation
May 20 2003 A recently completed study of 437 companies out of the
S&P
500 shows that, taking into account salary, bonus and long-term incentives
including stock options, the average CEO pay is down 23.6% in 2002
from
2001. Looking farther back, over the past fifty years, CEO pay (salary
and bonus) has grown an average of approximately 5.8% a year. That
compares
to the S&P 500 total shareholder return (stock price growth plus dividends
deemed reinvested) of approximately 12% a year over the same fifty-
year ...
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