These CEO’s are taking a pay pounding, some for the good of the company, some because of shareholder and board pressure and some because of lower stock options. These figures are based on information published by the companies, some relate to pay going forward and others for last year. It’s clear that some CEOs are leading the way forward out the of the current economic problems whilst others are being pushed into the pay cuts. Overall, according to Forbes, chief executives of the 500 biggest American companies took an average 11% reduction in overall compensation in 2008.

 

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