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The New York Times ran a special feature on executive pay over the weekend with the front page article reporting that the top 200 executives sampled…

By Anthony J. LoPinto | anthonylopinto | | Updated on May 31, 2016
Anthony LoPinto Anthony LoPinto
The New York Times ran a special feature on executive pay over the weekend with the front page article reporting that the top 200 executives sampled have seen their average compensation drop 15% year over year between 2014 to 2015. The 2014 high-bar was $22.6 million, and cash and stock awards skidded in the new survey. Some say that executive pay may have peeked as compensation committees have come under greater pressure from shareholders to keep compensation in check. The reality is that compensation has crept up over the last decade and Boards have been slow to manage CEO compensation awards. However, there is an interesting anomaly reported by the Times. The study found that Board that have more women on it, the boss may make even more money. An analysis of CEO pay at 100 large companies last year found that companies with greater gender diversity on their boards paid their chief executives 15% more than comp awards by less diverse boards. Maybe the answer is the board with greater diversity perform better, resulting in more compensation for the CEO. Now that’s a good reason for the CEO to get serious and diversify his or her board.

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