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Preliminary results from a Pearl Meyer survey found more than half of companies among its 300-plus respondents have adjusted executive salaries in 2020.
A survey of board directors by compensation consulting firm Pearl Meyer conducted between March 10 and March 16 found that 36% of the 233 respondents had already discussed the financial impact of the pandemic with their board, while another 59% said it would be on the agenda at their next meeting.
“So many variables affect companies' CEO pay ratios that it's not useful to compare them within industries, company by company, or even year over year,” said Deborah Lifshey, managing director, Pearl Meyer.
“If Glass Lewis’s peer group is different than the one your company uses, that doesn’t automatically put you in a worse position,” said Managing Director Deb Lifshey.