and will be analyzed in detail during an interactive webcast on Friday,
November 7 at 1:30 p.m. - 3 p.m. EST by executives from J. Robert Scott,
Ernst & Young LLP, and WilmerHale. To register for the webcast, visit
"Private life sciences companies need to constantly assess the job
market and executive compensation practices to attract, motivate, and
retain key executives who will help their businesses sustain growth,"
explains Bryan Pearce, Northeast Strategic Growth Markets Leader for Ernst
& Young LLP. "Turbulent economic times often provide a great environment to
upgrade leadership talent."
Key findings identified in this year's survey include:
1. Base salary increased an average of 5.2 percent across all of the
positions surveyed from 2007 to 2008. No individual position saw a decrease
in base salary during this period. Additionally, non-founder CEOs
experienced a 5.9 percent increase in base salary from 2007 to 2008.
2. Bonus attainment for the average CEO was 69 percent, one of the
lowest figures across the positions surveyed.
3. Total average equity holdings across the 13 executive positions
surveyed represents 18.16 percent of the fully-diluted company, a slight
increase from 18.08 percent in the 2007 report and above 2006 data at 16.20
4. With increasing company size, the CEO generally earns a gradually
larger total cash compensation package. For companies with 1-10 FTEs, the
CEO holds 9.07 percent, dropping to approximately 4.50 percent for each of
the larger company segments.
5. There is a steep rise in bonus for the CEO at the 75th percentile in
companies having raised 4 or more rounds of financing.
One hundred eighty-nine privately-held life sciences and medical device
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