Excerpt from article of Management-Issues, 01 Mar 2007
Not content with bumper pay rises and soaring bonuses, some American chief executives also saw the value of their stock options more than triple last year, thanks to the booming stock market.
A study by consultancy Watson Wyatt has found U.S chief executives across the board, but particularly those at higher performing companies, saw considerable increases in the value of their unexercised stock options last year.
The finding comes against a background of rising concern about CEO remuneration and compensation, with even President Bush criticising the excessive salaries and bonuses of some corporate bosses.
Last month, a study by the Economic Research Institute and the Wall Street Journal's executive careers' website CareerJournal.com reporting that top U.S executives saw their salaries and bonuses rises by nearly a third last year....