Even CEOs think CEOs are overpaid: survey

Tue Dec 18, 2007 2:40pm EST
 
[-] Text [+]

BOSTON (Reuters) - With many U.S. chief executives taking home millions of dollars in pay, it is no shock that average workers regards them as overpaid. But that attitude extends to the corner office as well.

Sixty-four percent of top executives view CEO compensation as excessive, according to survey released on Tuesday.

The poll of 1,572 readers of BNET.com, a business Web site, found that, overall, 77 percent of employees regarded CEOs as overpaid. The survey, of readers of the Web site, was conducted June 11 through 18. About 90 percent of respondents were from the United States.

Fifty percent of CEOs surveyed said their leadership style was effective, but only 38 percent of employees agreed.

BNET.com is a unit of U.S. media technology company CNET Networks Inc.

(Reporting by Scott Malone, editing by Gerald E. McCormick)

 
Photo

Editor's Choice

A selection of our best photos from the past 24 hours.   Slideshow 

Most Popular on Reuters

  • Articles
  • Video
California Governor Arnold Schwarzenegger speaks during a news conference in San Francisco, California July 3, 2009. REUTERS/Robert Galbraith
California braces for new state budget gap

California's fiscal watchdog will soon release a report pointing to yet another massive state budget deficit sure to trigger weeks if not months of angst in the state capital of Sacramento.  Full Article