Study: More Execs Say CEOs Are Overpaid

NEW YORK -- In another sign of growing demand for increased oversight of CEO compensation, more executives are saying the heads of their companies are paid too much, according to a global survey released on Tuesday, Reuters reported.

Thirty-four percent of respondents to the survey by executive recruiter Korn/Ferry International expressed concern about their CEOs' compensation. That compares with 21 percent a year ago, the news service reported.

Four out of five executives said shareholders should have some say on pay, and 55 percent said their CEOs' compensation did not reflect or was only "somewhat" reflective of the companies' results, according to Reuters.

-- NYSSCPA.org News Staff

Posted on 4/15/08