Team Palm Bay

(I posted this on my own blog page Friday before I found out about the team page, here is the link to the original  post: http://man4720kgarner.wordpress.com/2008/06/30/excutivecompexcutivecomp/)

http://www.philly.com/inquirer/hot_topics/20080612_Pay_and_performance__The_view_from_the_top.html

The article I found talks about the 100 largest Philadelphia companies and the pay their CEO’s receive. The article states that CEO pay increased by 10.7% in 2007 according to data collected Equilar, INC. but CEO pay is becoming more linked to preformace. The article states that even though the Securities and Exchange Commission to establish disclosure rules in 2006 for companies to layout what they pay plan would be for their executives, pay has still increased for CEO’s. Although their pay has gone up this tightening has led to companies to pay more directed on company performance.  The article goes on to give examples of some companies; for example the CEO of Toll Bros Inc., Robert Toll received no bonus in 2007 due to the companies financial crunch because of economic conditions. Personally I feel that there should be a cap on CEO pay then if the company makes a profit there can be bouns’ tied in. I think it is extremely wrong if a CEO receives a large bonus when the company and stockholders do not receive a return.