What the boss pockets
Nov 12th 2008
From Economist.com
Chief executives' pay at the biggest companies in Europe and America
RUNNING a big company is a big job with a pay packet to match. But heading an American firm is far more rewarding than leading a European business. Chief executives of America's 50 biggest companies are paid on average 75% more than their European counterparts, according to a new report by Hay Group, a consultancy. They also take a far bigger chunk of their package in long-term incentives, such as stock options. Lee Scott of Wal-Mart, the best-paid CEO, is heavily incentivised. By contrast, Franz Humer of Roche (who has since stepped down) earned the biggest salary, but a smaller bonus and incentives. Steve Ballmer's relatively paltry pay is supplemented by his big shareholding in Microsoft. EDF, a state-controlled energy company, is laudably careful with French taxpayers' money.
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