Wednesday, April 15, 2009

More CEOs received pay hikes than cuts in 2008

ccording to a new AFL-CIO survey of 946 companies, last year, 480 executives received pay raises, while 463 received pay cuts. Furthermore, the “median CEO salary rose 7 percent in 2008. CEO perks at the companies surveyed also went up, nearly 13 percent to an average value of $336,246, according to the survey.

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