Equilar’s study looks at the pay and compensation of large public companies, but the reality is that most CEOs do not enjoy the enormous multi-million dollar pay packages of the Fortune 500. In reality, the median private company CEO earned $326,000 in cash compensation in 2012 –base salary and bonus, with total compensation of $360,000 including benefits, perks and equity gains. This is the finding of a recent Chief Executive Group research in CEO pay and Senior Executive compensation in Private Companies report. LINK
Most media reports focus on the $15.1 million average annual pay package for the CEOs of the largest 200 public companies. The implication is that this 0.001 percent of companies is representative of all CEOs in the country. Of the roughly 30 million businesses in the U.S. fewer than 6,000 are publicly traded and only 8 percent of these are eligible to make the S&P 500.
While the Equilar study suggests that more and more CEOs are hitting their targets due in part to measures such as performance-based restricted shares, the overall picture is necessarily incomplete. Most CEOs in the S&P 500 are professional managers whose stock holdings tend to be relatively small by virtue of the huge capitalizations. Most private company CEOs on the other hand, tend to be those who have built their businesses over longer periods and regularly contribute to same communities in which they operate.
A typical CEO would find it more useful to benchmark himself against one’s peers as opposed to, for example, a Terry Lundgren of Macy’s who earned a payout of $22.5 million, or a John Hammergren of McKesson who netted $27.4 million. (In the latter case McKesson’s board awarded Hammergren more shares than they had earned by the initial comp formula.) For more information about the 2013-2014 CEO & Senior Executive Compensation Report for Private Companies, which includes benchmarking data by quartile on base salaries, bonuses, perks, and equit compensation for CEOs and nine other senior executive positions (e.g. president, COO/GM, CFO, CMO, VP Sales, VP R&D, VP HR) and how these benchmarks vary by company size, industry, type of ownership and other key variables, please visit: ChiefExecutive.net/compreport.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
