Free Subscription to CFO Magazine

Torre's Pay Offer Is a Hit with CFOs

(continued)

Interestingly, a new survey seems to indicate that top executives would welcome more performance-based pay. The survey, which polled 791 board members, including 70 CEOs or presidents, revealed that two-thirds of the respondents believe CEOs are being paid too much relative to their performance. The study, conducted by the National Association of Corporate Directors, noted that only 2.2 percent of the respondents think compensation is too low, while a third claims CEO pay is "just right."


Reader CommentsDisplaying 3 of 5

  • John Fugazzie

    Oct 24, 2007 8:56 AM ET

    Its not just about the money

    The Torre situation was clearly a front office manipulation to attempt to ease public reaction to a very unpopular move … more

  • george zorilla

    Oct 22, 2007 2:31 PM ET

    Offer to Refuse

    The contract -offer- was framed in such a way that it would be turned down -period. When the club lost to the Red … more

  • tom kornelis

    Oct 22, 2007 12:05 PM ET

    Torre Over Rated

    Before joining the Yankees Torre's record was mediocre. In his first eight years the Yankees won the AL penant six … more

Post a comment | View all comments

advertisement

advertisement

We Deliver

Newsletters

Webcasts

Enter your email address to begin receiving updates on these topics.