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Combined CEO-chairs were paid about $1 million more than non-chair CEOs at the 100 largest companies by revenue that filed proxy statements by April 1, according to research by compensation data firm Equilar.
Salary is usually the smallest part of a CEO’s total compensation compared to variable metrics, so it seems unlikely that CEO-chairs are making extra simply for being chair, explains Jan Koors, managing director and head of Pearl Meyer’s Chicago office.
“What’s entirely possible is … that this group of companies just performed better this year so these CEOs’ bonuses were higher or their equity grants were higher,” Koors says.
“In my experience, when an incumbent is sitting in that role, they don’t lose money when they lose the title. And they don’t get money when they get the title,” Koors adds.