"Compensation for top management should and will fall over the next two years, board members predict...
Amid shareholders’ mounting rage over what they see as wantonly excessive compensation for under performing executives, defenders of high pay have had one steadfast rebuttal: It’s needed to retain top management talent. But corporate boards, it seems, aren’t buying it. In a survey of board members released Tuesday by consulting firm Watson Wyatt, relatively few of the 85 participants were worked up over the prospect of losing company leaders..."
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