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Japanese Wrestle With CEO Pay as They Go Global
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The big gaps between European and Japanese compensation of executives and the American compensation, with the Japanese compensation one tenth the USA's and one fifth the European compensation, and the European compensation one half of the USA's. The average compensation was $1.3 million a year for Japan including bonuses and stock option grants, according to Towers-Perrin for data gathered from 20004 to 2006, for CEO's of companies with more than $10 billion in revenues. The comparable USA number was $12 million and the European number was $6 million. In Japan it is not socially acceptable to have big pay packages says Jesse Fried, law professor of the University of California, Berkeley, who co-authored a book on executive compensation in 2004.
Executive compensation and perks that are arousing public opinion as layoffs increase in 2009
03/04/2008
As layoffs increase and the credit crisis makes life difficult for most people the excutive compensation in the hundreds of millions of dollars, and perks like private jets even for failed companies, are arousing public opinion.
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