CFODailyNews.com » CEO bonuses and incentives on the decline

CEO bonuses and incentives on the decline

February 10, 2012 by Jared Bilski
Posted in: Benchmarking, Benefits, In this week's e-newsletter, Latest news & views

It’s not just the rank-and-file workers who are seeing a decrease in popular benefits.

Last year, the number of firms that offered perks to CEOs dropped to 61.5%, compared to the 89.8% who did so in 2009.

That’s based on research from Compdata’s Executive Compensation 2011/2012 poll of 4,500 U.S. businesses.

Here’s a breakdown of the specific CEO benefits firms are scaling back on:

  • 23.5% of firms offered their CEO a company car in 2011, compared to 28.3% in ’09.
  • 21.2% of CEOs were offered voluntary deferred compensation programs last year, down from 24.4% in ’09, and
  • 16.9% of companies offered CEOs annual physical exams in 2011, whereas 21.4% did so in 2009.

In terms of bonuses, the decreases varied by industry. Here are the three that saw the greatest drop:

  1. Hospitality: Less than half (40%) of the CEOs in the survey received bonuses last year, compared to 65% in ’09
  2. Insurance: 53.2% of received bonuses last year, down from 62.4% in 2009, and
  3. Utilities: 12.5% received bonuses in 2011, compared to 20.9% in ’09.

 

  • Share/Bookmark

CFODailyNews.com delivers the latest Finance news once a week to the inboxes of over 200,000 Finance professionals.

Click here to sign up and start your FREE subscription to CFO Daily News!

Tags: , , ,

Leave a Reply

What is 8 + 5 ?
Please leave these two fields as-is:
IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)

advertisement

More from this week's e-newsletter





208.89.23.53