‘Pay for Performance’ No Longer a Punchline

‘Pay for Performance’ No Longer a Punchline

Company directors say they pay CEOs based on performance. Now the numbers show
they mean it.

More than half of the compensation awarded to 51 CEOs last year was tied to
their companies’ financial or stock-market performance, according to a
preliminary review of proxy statements by consulting firm Hay Group and The Wall
Street Journal. In most cases, the companies must hit specified targets for the
CEO to receive the promised money or equity.

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