BOSTON, May 21 /PRNewswire/ -- DolmatConnell and Partners released our 2008 studies of executive compensation in the Tech100 and LifeScience100 (the studies are available for download at (http://www.dolmatconnell.com) today and issued the below press release that we wanted to ensure that you saw. There are some very interesting findings, summarized in the press release, that we believe you will find highly relevant and newsworthy. If you would like to discuss any of the findings in more detail, or arrange an interview with Jack Dolmat-Connell, the CEO and founder of the firm and one of the leading executive compensation consultants in the country, please contact Sabreena Kropp at 781-647-2744 or SabreenaK@dolmatconnell.com.
DolmatConnell & Partners, Inc., a leading independent executive compensation consulting firm, released today their 2008 Tech100 and LifeScience100 Studies. These studies, now in their fourth and second year respectively, provide some exceptional insight into the evolving world of executive compensation in the 100 largest publicly traded High Technology and Life Science companies in the U.S.
Changes in CEO pay level varied significantly between the two studies and were linked to overall industry performance levels. In the Tech100, CEO base salaries increased 3.8% and actual total cash compensation increased 2.9%, while total direct compensation (base + actual bonus + annual long-term incentive grant values) fell 0.6%. This was in line with a median annual total shareholder return for the industry which was 1.6%. The picture in the LifeScience100 was vastly different, with a median total shareholder return of 14.4% last year. CEO base salaries increased 5.6%, actual total cash compensation increased 10.3%, and total direct compensation rose 11.8%.
Pay-for-performance is dramatically improving, as Boards and
|SOURCE DolmatConnell & Partners, Inc.|
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