Executives from telecommunications concern Sprint Nextel employed the most overpaid executives relative to company performance, with top managers awarded a compensation package of nearly $74 million in 2007 despite the company posting a loss of $29 billion.
According to proxy researcher Glass-Lewis, which evaluated a pay-for-performance study among large and small publicly traded companies, its Pay Dirt survey identified 61 executives who were awarded more than $25 million in annual compensation in 2007, 40 of whom took in over $30 million each according to estimates by Glass Lewis.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access