Monday, May 16, 2011

Dr. Peck Comments on Average Pay for Wisconsin CEOs

Dr. Sarah Peck, Marquette University's Department of Finance Chair, commented in a recent article in the Milwaukee Journal-Sentinel about CEO pay. Cary Spivak authored the article titled "Average pay for Wisconsin corporate CEOs up 27% in 2010; For more than a dozen, raises exceeded 100%." The link to the article can be found at: CEO compensation article.

Dr. Sarah Peck, Finance Chair

In commenting on the increased profitability of firms that imposed deep employment cuts from 2008 to 2010, Dr. Peck said, "Some of the companies that drove this unemployment and imposed pay cuts are doing well because of the cuts. It's kind of a hard pill to swallow."
"The short-term actions that jacked up prices may not be viable in the long term," she said. "If my share price is higher but I don't have a job, then I might not like the way the CEO is being compensated."

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