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Grant Thornton LLP in Financial Executives International
Mar. 12, 2009
Excerpt: The economic downturn has caused many companies to evaluate their executive compensation programs more closely and in many cases make difficult decisions that respond to these challenging times. As a result, data regarding base salaries, annual bonuses and long-term incentives as reported by compensation surveys completed in Fall 2008 are already out-of-date. In response, Grant Thornton LLP conducted a survey of 227 U.S. companies in February of 2009 to better understand how the current economic downturn is impacting executive compensation programs.
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