Idaho Statesman: 2013 was a fruitful year for Idaho CEOs
By Audrey Dutton, Zach Kyle and Bill Roberts
The national average for CEO raises in total compensation was 5 percent to 5.5 percent, according to compensation consultant Steven Hall, founding partner and managing director of Steven Hall & Partners in New York.
Idaho’s publicly traded companies generally are in line with a national trend toward tying top executives’ pay to long-term performance. At least one Idaho company, Hecla Mining Co., changed its compensation structure to make it easier for shareholders to decide whether the executive earned his or her pay — another national trend.
“What (U.S. companies are) all trying to do now is tell shareholders, ‘Hey, look at us, we’re not only paying people for showing up, we’re paying them for performance,’ ” Hall said.