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Greed is good again -- at least for some CRN Solution Provider 500 CEOs who have doubled, tripled, even quadrupled their salaries amid a shaky economy, lackluster financial results and unimpressive stock gains.
This conclusion is based on exclusive pay-for-performance research and analysis done by Obermatt Inc., a Switzerland-based compensation consultant firm, and CRN. Together, Obermatt and CRN looked at total compensation from 2009 to 2011, fiscal year sales, net income and stock prices for the same time period. Of the 36 publicly traded solution providers Obermatt and CRN examined, 10 CEOs were overpaid by more than 100 percent, according to the study.
In the most egregious cases, CEOs received significant salary increases while revenue fell, losses were reported and investor confidence waned. All the while, those CEOs piled up hefty increases in stock options, grants and bonuses that are out of line, according to the Obermatt/CRN analysis.
These increases in total compensation came against a backdrop of unrest among Americans over the growing disparity between the rich and poor (think "Occupy Wall Street"), continued economic uncertainty and prolonged unemployment.
Here are the top 10 companies with the most overpaid executives among the CRN SP500 community, according to the Obermatt/CRN Pay-For-Performance Index. CRN is pleased to highlight this story which originally ran as an exclusive on the CRN Tech News App in September.