12:04 PM MDT | August 20, 2010 | Robert Westervelt and Vincent Valk
Last year started in a frightful manner with sharp demand declines and heavy losses but ended with recovery in sight as conditions stabilized. That pattern was reflected in pay packages for senior industry executives, according to CW’s annual executive compensation survey. CEO salaries declined for a second consecutive year although the rate of decline was much smaller than in 2008. The median total compensation pay package for industry CEOs—the point where half are lower and half are higher—was $3.8 million in 2009 in CW’s survey, a...
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