Executive pay

It looks like all the public pressure about executive compensation is actually making a difference. A compensation survey by Mercer, the employee benefits consulting company, indicates that 44 percent plan to freeze base pay in 2009. However, the 56 percent planning a base pay increase in 2009 will give executives a bigger raise than they give to other employees (3.5 percent vs. 3.2 percent). Also, interestingly, executives, as a group, are facing a 4.9 percent loss in compensation this year -- the only major employee group to see that size of a decline. This is a one-year scenario, making me wonder if it is just window-dressing given the political climate. Probably

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