Originally Posted by chiefzilla1501
Raising your compensation while you are asking all your division heads to make massive cuts (and then demanding that less people work more hours to drive even higher results on limited budgets) is NOT serving your corporation first. It's selfish.
If this behavior was going on and executive pay stayed flat, dropped, or increased moderately... fine. But instead, executives are making a strategic decision that rather than use an extra few million dollars to invest in their company, they are going to instead use it to fund a bonus increase for themselves.
How wide spread is this behavior? Do you have some information on the ceo pay levels in various corporations and industries that show its widespread?
How many CEOs have taken a no raise or a reduction?
Is the data different for companies that are growing in profitability vs those flat or in a decline?
oops never mind. Here is a link to 2009 pay for CEOs. Looks like many actually did take a reduction.