Conscious Compensation®: Solution for Old Problems

Fred WhittleseyConscious Compensation: The Impact Compensation Blog0 Comments

With the new year upon us and “proxy season” on its way, we can expect to hear some familiar refrains about executive pay. Maybe something like this:”…corporate profits rose 108 percent, and CEO pay rose 481 percent, but the average worker’s pay rose just 28 percent (during the 8-year period), barely more than inflation…” “…pushing the average large company CEO … Read More

Conscious Compensation Parable From Auto Parts Manufacturing Companies

Fred WhittleseyConscious Compensation: The Impact Compensation Blog0 Comments

As a compensation consultant, I work with three auto parts manufacturing companies.The first, Company A, is a traditional company and has been in business for many years.  They market to all of the auto manufacturers, plus aftermarket suppliers.  Being a disciplined business, they seek the lowest prices for raw materials, labor, and capital that allows them to make parts within … Read More

The Myth of the Average Worker Pay Ratio

Fred WhittleseyConscious Compensation: The Impact Compensation Blog, Pay and Performance: The Compensation Blog0 Comments

Are CEOs overpaid? Many people think so. If so, many potential causes have been identified: CEOs with too much power, inattentive boards of directors, conflicts of interest by compensation consultants, the use of stock options – the list goes on. Depending on the source, the average CEO in 2005 was paid $10 million to $15 million dollars. This calculation usually … Read More