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Ceo salary raises 15 percent { July 29 2004 } Original Source Link: (May no longer be active)    http://www.iht.com/articles/531617.html http://www.iht.com/articles/531617.html CEOs' raises averaged 15% in U.S. last year AP Thursday, July 29, 2004 NEW YORK The median pay for a chief executive officer in the United States rose 15 percent in 2003 and was up 22 percent among top executives at larger companies, according to a survey released Wednesday. The survey, by the Corporate Library, a research firm in Portland, Maine, showed increases in almost every category of executive compensation, including base salary, annual bonus, total annual compensation, restricted stock, long-term incentive payouts and the value realized from the exercise of stock options. The only category to decline from 2002 to 2003 was the value of stock option grants. Despite some calls for restraint in pay, it was a better year for the executives than 2002, when the median total compensation rose 9.5 percent. "With statistics such as these, it would appear that any chance of reining in executive compensation has disappeared," the report said. Total compensation for chief executives of four companies - Oracle, Apple Computer, Yahoo and Colgate-Palmolive - rose more than 1,000 percent in 2003, largely through exercising stock options and receiving restricted stock. In comparing 2002 and 2003 compensation, the survey studied more than 1,400 chief executives who occupied their posts in both years. Excluded were those who received no pay one year and normal pay the next. Among the 372 companies in the survey that are listed on the Standard Poor's 500-stock index, median compensation for chief executives rose 22.2 percent. Of the 1,059 remaining chief executives, the median increase was 13.1 percent. Taken together, the increase was 15 percent. Despite public opposition to excessive pay levels, the report said, "since every other element of pay has increased, both in magnitude and frequency, CEOs are unlikely to feel the squeeze for at least three years, perhaps never." The survey also examined the pay of 1,794 chief executives who held their posts for all of 2003 and found that median compensation was $1.85 million. Barry Diller, chief executive of InterActiveCorp, had the highest total compensation, according to the survey. He received $156 million, including stock-option profits of $151 million. Industry by industry, The Corporate Library reported that CEOs of telecommunications and securities and commodities companies had some of the highest median total compensation levels in 2003, coming in at around $8 million in both categories. Copyright © 2004 The International Herald Tribune | www.iht.com

Ceo salary raises 15 percent { July 29 2004 } Topexecs made 3b { July 30 2002 } Files Listed: 2

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