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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Market indexes 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. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.