CEO Pay up +7% in 2012 Among Early Filers
CEO PAY UP +7% IN 2012 AMONG EARLY FILERS
Long-Term Incentives Up; Bonuses Fall Slightly
NEW YORK, NY, April 3, 2013 – In 2012, median CEO total compensation increased +7% over 2011 levels, mirroring growth in net income during the same period. Base salaries continued to increase +3%, consistent with growth in previous years, while bonus payouts, a barometer for performance in the most recent year, fell slightly by -1%. Long-term compensation showed the greatest increase, up +9%, over 2011.
These findings are based on a study of 100 early filers with revenues greater than $1 billion recently completed by executive compensation consultancy Steven Hall & Partners. Among the companies studied, median revenues increased +5% over 2011 levels and median shareholder return for the year was +21%.