More executives think CEO pay is too high
By Chelsea Emery
NEW YORK (Reuters) – In another sign of growing demand for increased oversight of CEO compensation, more executives are saying the heads of their companies are paid too much, according to a global survey released on Tuesday.
As outrage grows against what many perceive as exorbitant pay packages for underperforming chief executives, top employees at the companies are also airing their dismay.
Thirty-four percent of respondents to the survey by executive recruiter Korn/Ferry International (KFY.N) expressed concern about their CEOs’ compensation. That compares with 21 percent a year ago.
“You want to see someone get awarded for performance, not for longevity,” said Clover Capital Management fund manager Matthew Kaufler, who considers executive pay packages before buying a company’s shares. “Ideally you want to see aggressive but reasonable thresholds that need to be met.”
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Corra Business Research always finds this amusing. A CEO fails and ends up with a platinum parachute, or a nice bonus and a salary increase. To pay for that salary, that have to get rid of 19,000 employees who happen to share the misfortune of being on the lower rungs of the corporate ladder. Or on no rungs of the corporate ladder.
The background check may serve as a tool to figure out which employee candidates are your best hires. As for the C Level types there are obvious searches–employment verification, federal civil court records, etc. But perhaps you would need one of Corra’s executive background searches, such as the Corner Office Background Checking Package. For the more junior executives you may want to check out the Fast Track Pre-Employment Screening Package.
Soon Corra will be offering detailed business reports. These reports will feature original and often non-public research for companies all around the globe. Among other things, it is one good well to tell if a C Level Executive has really been earning his keep.
Check them out before you hire.
