spot_img

Compensation for the CEO

Date:

BY JAMES COLLINS

c-e-oAre you a board member (or a bored member) frustrated as you try to find some rational for determining your CEO’s compensation? While long, complex calculations may be the norm, it might be helpful to see how the banks do it—in just 10 easy steps:

Step 1—Write down a REALLY large number. Go ahead: $ ____________________

Step 2—You call that big? That’s like the budget to produce that horrid Titanic movie. Think BIG, like, “How much did we make on fixing rates on foreign currencies last month?”

Step 3—Okay, if your institution made money in the past 12 months double it. If your institution lost money in the past twelve months, multiply by 200 percent instead.

This content is for CU BUSINESS eMagazine , Special Deal: 2 websites , and NEW! The Leadership Team Builder Group Subscription members only.
Log In Register

Share post:

Popular

More like this
Related

ALM First Announces New Dates & Locations for Fall M&A Master Sessions

Dallas, TX – ALM First has expanded its M&A Master...

United Federal Credit Union Names Will Schirmer Chief Human Resources Officer

JOSEPH, Mich. –United Federal Credit Union has named Will...

Rebecca White Joins Texas Trust as Vice President of HR

ARLINGTON, Texas – June 6, 2022 – Strengthening and...

There’s more to overdraft reform than just fees

The great overdraft debate has focused on fees. And...