Forum Post: New report on CEO pay. Article from The Guardian in the UK
Posted 12 years ago on Dec. 15, 2011, 5:26 a.m. EST by lucano
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http://www.guardian.co.uk/business/2011/dec/14/executive-pay-increase-america-ceos
Hello,
I thought i would pass on the above link as some people on the newspaper blog had said that it wasn't receiving any coverage in the States.
All the best,
Lucano
Thank you, Lucano. This is a great article.
2010 was a great year to lose your job as a CEO. Four of the 10 highest paid CEOs were retired or departing executives. Ronald Williams, former head of Aetna, a health insurer, exercised 2.4m options for a profit of $50.4m. Aetna's stock price declined by 70% from when Williams assumed the role of CEO in February 2006 until his retirement. At pharmacy chain CVS, Thomas Ryan made a $28m profit on his options. During Ryan's 13-year tenure as CEO, CVS Caremark's stock price decreased almost 54%.
Wow. Awesome article. Really shows the progress OWS has been making to thwart people like these.