globeandmail.com : Rich are still getting richer, though pace is slowing down

globeandmail.com : Rich are still getting richer, though pace is slowing down: "Rich are still getting richer, though pace is slowing down

BEPPI CROSARIOL

The executive-pay locomotive appears to be losing steam, but don't reach for your hanky just yet.

Compensation growth for chief executive officers of major companies slowed last year, though raises for top brass still compared handsomely with those of the average working stiff.

The Corporate Library, a pro-investor research group, reports that CEOs of more than 500 major U.S.-listed companies received a median total pay increase of 11.3 per cent in 2005, far below the torrid 30.2-per-cent rate reported the previous year."

Tags: CEO-compensation