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Posts published in “Day: June 21, 2009”

CEO pay dropping

Maybe call it a lagging indicator - we're approaching a year when pay indicators for many classes of employees started to skid - but come now a report that pay for CEOs, in the Northwest at least, is dropping.

A Seattle Times study out today said that "Median pay for the chief executives of publicly traded companies in the Washington, Oregon and Idaho region dropped 6 percent to $1.18 million, reversing several straight years of steep increases."

Top pay for any CEO in the region in 2007 was $38 million (which by itself might have skewed things a bit that year), but this year peaked at $13 million.