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Subject:
CEO age and salary
Category: Business and Money Asked by: skippy60-ga List Price: $20.00 |
Posted:
17 Nov 2005 15:08 PST
Expires: 17 Dec 2005 15:08 PST Question ID: 594348 |
How does CEO salary vary with age and experience? That is, does an older CEO tend to be paid more because of his additional experience? Or is there a peak in salary at some intermediate age? | |
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There is no answer at this time. |
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Subject:
Re: CEO age and salary
From: myoarin-ga on 18 Nov 2005 05:08 PST |
Skippy, Czh-ga is one of the most savvy Researchers on these types of questions, i.e, not just saying the obvious. If you can add a clarification, I expect that you will receive help. If we look at just an individual CEO, ignoring that s/he may make more or less than someone in another firm, unless s/he gets fired, I do expect that salary will increase with age: 1) if he stays with the firm, he will get increases; 2) if he moves voluntarily to another firm, he will most likely do so only if he gets a more attractive package. Of course, there are exception, but your question has been stated in very general terms. |
Subject:
Re: CEO age and salary
From: frde-ga on 18 Nov 2005 05:51 PST |
This sounds like a privately held company with a professional CEO Possibly what is called a 'Mittelstand' company in Germany If the guy is worth employing at all, then it is obvious that his salary should increase - subject to the company being in decline - in which case he bites the bullet along with everyone else. It is simply a matter of his personal dignity - some people judge their social value by their salary - others judge it by what they can personally rip off, without ... spotting the cash syphon and setting up dubious deals. If you have a CEO bleating for enhanced remuneration then you might have an honest guy speaking his mind ... or a crook who is trying to look like a naive eunuch. Personally, I would pay up with a smile, and then look over the nest eggs very carefully |
Subject:
Re: CEO age and salary
From: myoarin-ga on 19 Nov 2005 04:42 PST |
Skippy, You seem to be asking about an individual situation and not just in general and seem to have no real complaint about the CEO's performance, perhaps a justified impression that it does not merit an increase in salary. I believe your intuition is wrong (2nd clarification); CEOs are very unlikely to accept a decrease in salary unless they are making a gesture at a time when the company is in real straits. Look at the alternatives. Even if the CEO is maybe not bubbling with new ideas and does not bring additional experience to the job after several years, he does apparently understand and manage the company adequately. If he becomes disgruntled by being refused a token increase, his attitude could change: "inner migration" or innerly "giving notice" - or really giving notice. Seeking a replacement will take time and a headhunter's commission would cost a few months' salary of a new CEO, definitely more expensive than the raise the present CEO will be happy with. An unexpected change of CEO is not usually good for a company. In Germany, CEOs and sr. managers are given 5 year contracts, thus avoiding annual demands and also putting both sides on notice about when performance will be reviewed. I won't make any recommendation, just food for thought. Regards, Myoarin |
Subject:
Re: CEO age and salary
From: skippy60-ga on 19 Nov 2005 05:27 PST |
myoarin, Thanks. Skip |
Subject:
Re: CEO age and salary
From: zeus1233-ga on 26 Nov 2005 22:34 PST |
There are so many other factors at work (what compensation are you referring to with salary--do you include bonus? retirement plan? stock options? etc. Also, the size of the company certainly matters, as well as industry, location, etc.) that your question is darn near unanswerable. |
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