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percent in the past year to $1.2 according to a study. The drop is the largest decline in base salaries in the past 12 according tothe Redmond-based ’s Executive Compensation In May 2009, the averags base pay was $1.2 down from $1.58 million in May 2008. But otherr parts of an average CEO’ s compensation package haven’t fallen nearlt as dramatically. Bonus and nonequity incentives have risen 1 percenyt in thepast year, as well as other The average CEO compensation package, whicj includes bonuses, options, pension and other items, is now $16.665 million annually, down 3.3 percenft from $17.21 million a year ago.
“More corporate boards are tying compensation packages to performance throughhincentive plans, stock options, and restrictedr stock awards. There has been a noticeabld shift away from stock optionxs to restrictedstock awards,” said David Thomsen, directorr of the ERI Economic Research Institute, in a
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