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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (86769)	5/16/2004 11:14:07 AM
From: rrufff	Respond to of 122087

With the lack of significant outcry, it's more of the same old - Do shareholders really work for management? boston.com Largest Bay State firms reward CEOs with huge pay packages By Kimberly Blanton, Globe Staff \| May 16, 2004 For the chief executives of Massachusetts' 10 largest public companies, 2003 was sweet. Two years after the Enron Corp. scandal fueled a backlash against excessive pay and other corporate practices, this elite group brought home a total $118 million in 2003 compensation, up from $88 million in 2002. Pay more than doubled for five of the CEOs, according to an analysis of 2003 financial filings for the 10 companies by Compensation Design Group Inc. in New York. Four executives vaulted into the $15 million range, and four more approached or surpassed $10 million. Pay gains for the nation's corporate leaders were the spoils of a boom on Wall Street last year. The stock market rose more than 20 percent, and profits rebounded after months of slow growth, providing justification for compensation committees on corporate boards to grant large increases to their CEOs. (see full story....) . . . .