Executive Pay at Lowest Levels since 2005, According to ERI Economic Research Institute

PRLog (Press Release) - Feb 23, 2010 -
A new study by the Economic Research Institute (http://www.erieri.com) shows that the average total compensation of the highest-paid executives in U.S. publicly help companies dropped by 11.8 percent from February 2009 to February 2010 — the lowest point since the end of 2005.

ERI said the drop in its Total Compensation Index was driven by a 25.8 percent decrease in cash bonus and non-equity incentives — typically based on meeting performance goals — and a 12.8 percent drop in restricted stock awards.

Among ERI’s findings:

• Executive salaries dropped 2.9 percent, from $1.25 million in February 2009 to $1.22 million in 2010.

• Bonus and non-equity incentives fell 25.8 percent, from $4.28 million in 2009 to $3.18 million in 2010.

• Restricted stock awards fell 12.8 percent, from $5.02 million in February 2009 to $4.37 million in February 2010.

• Stock options fell 1.2 percent, from $4.38 million in 2009 to $4.33 million in 2010.

• All other compensation fell 35 percent, from $1.15 million in 2009 to $753,142 in 2010.

Redmond, Wash.-based Economic Research Institute (http://www.erieri.com/index.cfm?FuseAction=Home.AboutERI) provides salary survey and cost-of-living research reports and software to more than15,000 organizations worldwide.

Learn More: (http://www.erieri.com/index.cfm?FuseAction=Home.demo)

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