4.06.2004

CEO pay up again - Average executive compensation rose by 16% last year, says new study. CNNMoney (4/06)

edian cash pay for chief executives -- base salary and bonus -- grew to $2,029,500 from $1,750,000 in 2002, up 16 percent, according to a study of 345 of the Standard & Poor's 500 companies conducted by Equilar for Reuters.

Bonuses overall leaped 20.4 percent to $1,064,099 from $883,944, and six out of 10 CEOs enjoyed lump sums last year. The median base salary increased to $950,000, up 3.1 percent from 2002.

Who wants to bet that pay and bonuses are up due, in part, to outsourcing of jobs? We don't think that suggestion is all that far-fetched, do you?

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