Equilar, the market leader in executive compensation data and research, published a comprehensive analysis of general counsel compensation at Fortune 1000 companies.
In-Depth Top General Counsel Compensation:
Some key findings were in accordance with expectations:
Compensation level is in line with seniority - median income for General Counsels reporting directly to the CEO is $1.3 million, 45.7% higher than those further down the corporate hierarchy
Larger companies provide higher compensation - median General Counsel pay at companies with more than $20 billion revenue was $2,325,181, nearly three times the median pay at companies with less than $5 billion in revenue
Pay varies by region - General Counsels at companies located in the Midwest or South census regions were paid less than their peers in the Northeast or West census regions (in line with median household income distributions released by the US Census Bureau)
Others were not anticipated:
Pay by industry - Despite relatively low median revenue, companies in the Technology, Media, and Telecommunications industry paid their General Counsels more than any other industry. General Counsels in the Energy, Utilities, and Materials industry received less pay than their peers – even though their median revenue was highest
Perks - Although making higher median pay, general counsels working in Technology, Media, or Telecommunications companies are less likely than their peers in other industries to receive perquisites
The complete report is provided to all Equilar Knowledge Center subscribers. Non-subscribers can request a copy of the report by visiting http://www.equilar.com/
