CEOs of S&P 500 companies received a median total compensation of $8.5 million in 2006, up 6% from 2005, said David Chun, CEO of Equilar, a research firm that analyzes executive compensation and corporation governance trends.
The median accumulated pension value was $6.7 million, and the median deferred compensation balance was $3.7 million. This is the first year the SEC has required disclosure of pension and deferred compensation. Of the companies in the study, 80.9% offer pensions, while 85% of the CEOs had deferred compensation balances, Mr. Chun said in a webcast today on trends in 2007 proxy season data on executive compensation.
The data was based on 194 S&P 500 companies that have CEOs who have been in their positions for at least two years and that filed 2007 proxy statements through April 10 under new SEC executive compensation disclosure rules.