CEOs See Boost In Pay Packages Despite Suits

Law360, New York (August 21, 2008, 12:00 AM EDT) -- Even if a company is targeted in a securities class action, its chief executive officer’s compensation does not automatically take a hit, according to a report by a corporate governance research group.

The Corporate Library released a study on Wednesday that examined 54 public firms and their annual compensation to their chief executives between 2003 and 2006, finding that 40 chief executives received a boost in their salaries, bonuses and benefits even as their companies faced looming securities actions.

Forty-one chief executives saw their total actual...
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