Management consulting and investment banking firm FMI released a whitepaper on executive pay trends that is available as a free download here. The whitepaper, authored by Mike Rose, offers a few key takeaways according to FMI.
One takeaway is that long-term compensation and total compensation are heavily influenced by profitability. These have seen the sharpest declines for executive officers, including CEOs, CFOs and COOs.
Also, executive total compensation has experienced an 8 percent decline, and financial executives and business unit executives have seen the steepest declines in bonuses. According to FMI, this decline reflects the consolidation of executive power into the corporate suite and away from the business unit.
