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Article: Chicago area CEOs raking in healthy compensation Restricted stock and cash-based plans keep staying power
- Article from:
- Chicago Sun-Times
- Article date:
- May 16, 2005
- Author:
CopyrightCopyright 2005 Chicago Sun-Times. (Hide copyright information)
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For the second year in a row, Chicago area CEOs reaped healthy pay
packages that included significant sums with no pay-for-performance
strings attached.
Seven of 16 CEOs at large publicly traded companies included in a
Sun-Times survey received double- and triple-digit percentage pay
increases in 2004 because their companies' boards of directors
granted them large chunks of restricted stock in 2004.
Restricted stock and cash-based long-term plans started gaining
favor over stock options in 2003, and have retained their popularity
in 2004, according to the CEO salary analysis for the Sun-Times by
Pearl Meyer & Partners, a New York-based executive compensation
consulting firm.
Restricted stock ...