One out of three executives are worried about the exorbitant salary of their chief executive officer. This fact was revealed through the “Executive Quiz” study by the Korn/Ferry International. Back in 2007, a similar survey showed that just 21% of executives held this opinion.
Furthermore, 80% of executives interviewed said that share holders should have a certain right to a say when it comes to the salaries of business leaders. To the answer whether the remuneration of their CEO was directly proportionate to the performance of the business, 55% of interviewees responded that the salary did not or only to a limited extent reflect the business results. Just 42% answered that their CEO´s salary corresponded to the performance of their companies.
Participants in the “Executive Quiz” survey, which was conducted in March 2008, came from 50 countries and represented a broad range of sectors and activities. 