Profits at big U.S. companies broke records last year, and
so did pay for CEOs. The head of a
typical public company made $9.6 million in 2011, according to an analysis by
The Associated Press using data from Equilar, an executive pay research firm.
That was up more than 6 percent from the previous year, and
is the second year in a row of increases. The figure is also the highest since
the AP began tracking executive compensation in 2006.
Companies trimmed cash bonuses but handed out more in stock
awards. For shareholder activists who have long decried CEO pay as exorbitant,
that was a victory of sorts. That's
because the stock awards are being tied more often to company performance. In
those instances, CEOs can't cash in the shares right away: They have to meet goals
first, like boosting profit to a certain level...
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