The great recession is becoming a distant memory, but its effect continue to be profound. Leaner organizations, tighter budgets, higher bars for new recruits, and the list goes on. However, executive pay bucks the more conservative post-recession trend. The Wall Street Journal reported yesterday that CEO compensation reached new highs following the surging stock market. The Journal tested 104 of the biggest American companies and found that their CEOs payday in 2016 rose 6.8% to an average of $11.5 million. The majority of the increases were attributable to awards of more restricted stock and options. In some respects this is not terribly surprising, but it does highlight the extraordinary compensation that is doled out to CEOs. This also raises the question of how does the rank-in-file of these companies fair on the compensation front. According to the Economic Policy Institute, of the largest firms in the US, CEOs earn an average of about 300 times more than their workers. This is much different than 50 years ago, when the ratio was closer to 20-to-1. The bottom-line is that while CEO compensation is scaling new heights, the majority of the increases are tied to company performance in the form of stock and options that will only payout if certain performance criteria are met.
Anthony LoPinto, a Real Estate exclusive Executive Search Consultant, brought together Real Estate’s premier professional associations and media company. A jobsite was envisioned to provide one, industry-wide career destination to attract, the highest caliber talent into careers in Real Estate.
This unique alliance – SelectLeaders Real Estate Job Network, was launched in 2002. Its distinctive advantage remains: members of the Professional Associations in our Network control, or direct, over 90% of U.S. Commercial Real Estate. Talent comes from 12 real estate exclusive sites, and jobs are posted on all 12 sites, creating unparalleled value, and unequalled access to the real estate community.