26th January 2009

Not Much Sympathy For Executive Package Cuts

posted in Success |

The Economic Research Institute recently reported that the average total compensation of the highest paid executives at U.S. public companies fell 4 percent for the year ended in November 2008. With top executives receiving compensation packages worth an average of  $17,760,518, this represented a cut of around $700,000. Whilst I would darely love to be receiving this sort of remmuneration for my many, many invaluable skills and shining personality, I can’t muster up a lot of sympathy for this outcome.

It does raise the question again though – how fair are executive packages?  Should such levels of remmuneration even exist?

Would love to hear your thoughts?

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