August 25, 2010

CEO Pay Has ‘Catch’ as Executive Performance Targets Prevail, Hewitt Says – By Alexis Leondis

CEO Pay Has ‘Catch’ as Executive Performance Targets Prevail, Hewitt Says

– By Alexis Leondis

Chief executive officers in the U.S. are getting bigger long-term incentive awards and more firms are tying those payouts to performance goals, a survey shows.

More companies are linking future stock and cash bonuses to specific targets, according to a study of 157 companies in the Fortune 250 released today by Hewitt Associates Inc., a Lincolnshire, Illinois-based human resources consultant. Thirty- five percent of companies in the Fortune 250 had performance plans in place in 2009 compared with 18 percent in 2003. (more…)

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