Analysis: Many CEOs saw decline in perks, pay last year

04/6/2010 | USA Today · Wall Street Journal, The

Chief executive officers at many companies across the U.S. took a cut in pay last year, which for some came on top of a compensation cut in 2008. Along with reduced compensation, CEOs are seeing many of their perks disappear in the wake of the economic downturn. For example, "gross up" payments, which cover the taxes executives owe on employer-provided benefits, are being eliminated. Companies are also reining in personal use of company cars and corporate jets.

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USA Today · Wall Street Journal, The

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