CEO pay growth eases - slowest in 4 years

Increase of 9.3% in 2006 marks big decline from prior year.


NEW YORK (CNNMoney.com) -- The median pay for chief executive officers at corporations rose less than 10 percent for the first time since 2002, according to a study released Monday.

The 9.3 percent compensation increase was also much less than the 16 percent increase the prior year, said The Corporate Library, a corporate governance group.

"We haven't stopped, and we're certainly not in reverse. Even so, this is the first year we have seen possible single-digit increases since 2002," said Paul Hodgson, Senior Research Associate at The Corporate Library and author of the report, in a statement.

Pay increases at S&P 500 companies were much larger than those at smaller companies, with the median increasing over 23 percent, and median total pay over $10 million.

A report by The Corporate Library released in March found that the cost of reported perks and executive benefits in 2006 was 23 percent higher from a year earlier, at $112,894. A major reason for the big increase was under-reporting in the past.

The perks and benefits enjoyed by CEOs and a handful of other top executives may include personal use of company aircraft and cars, legal fees, financial planning services, country club memberships and housing and relocation costs.


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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.