Expected Increase in CEO’s 2011 Salaries and Bonuses Reflect Optimism
San Francisco, Calif. - October 12, 2010 -
CEO compensation in early stage companies is on the rise in 2010, with modest increases in both salaries and expected bonuses compared with 2009, according to a recent poll by ExpertCEO. As 2011 compensation plans come into closer focus, most CEOs anticipate continued salary growth, reflecting optimism about overall economic conditions, but bonus amounts will remain level with those in 2010.
191 senior executives participated in ExpertCEO’s September 2010 CEO Compensation Survey. Detailed information is included in the attached spreadsheet. Poll highlights include the following observations:
· Total compensation is estimated to rise to $316,000 in 2010 from actual salary and bonus of $302,000 in 2009. CEOs are cautiously optimistic for 2011, predicting a total compensation increase of 8% to $343,000.
· Technology and Media/Internet CEOs, 63% of the respondents, expect total compensation of $332,000 in 2010 and project a 9% increase to $361,000 in 2011.
· About 65% of respondents expect to receive a 2010 bonus, while only 55% received a bonus in 2009; the average expected bonus amount in 2010 is $93,000. In 2011, more than 85% expect a bonus at a similar target amount as 2010.
· Very small companies (revenues under $1MM), where cash is scarce and incentive compensation is often earned by vesting in substantial equity stakes, not surprisingly pay the fewest and smallest bonuses. Almost 75% of these CEOs received no bonus in 2009; and 56% don’t expect to receive one in 2010. This group’s median equity ownership is 21%, compared with the median ownership of 9% for the entire survey population.
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