HR Strange But True!
October 17, 2008

Two-thirds of chief financial officers say that they think the average chief executive officer is overpaid, but only one-fourth think their own CEO is overpaid, according to a survey by the consulting firm Grant Thornton International.

The survey asked respondents to take into account total pay and benefits package and decide whether they think that the average CEO is paid appropriately.

Sixty-six percent of respondents said the average CEO is overpaid, compared with 33 percent who said the average CEO is paid appropriately and 1 percent who said the average CEO is underpaid.

The survey then asked respondents the same question but replaced the "average CEO" with "your CEO." This time, the answers were quite different.

Only 25 percent of respondents said they felt the CEO of their organization is overpaid, compared with 62 percent who said the CEO is receives the appropriate amount of pay. About 14 percent of respondents said the CEO of their organization is underpaid.

Maybe the answer to the next question has something to do with some of those answers. When asked whether they would want to be a CEO one day, 55 percent of respondents said yes.

The survey included 688 chief financial officers and senior comptrollers.

Source: Grant Thornton

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