The world economy may be limping. Economic sectors like banking and manufacturing still are waiting for those green shoots to pop up, while the real estate market continues to search for the bottom. But last year the general counsel of the nation’s largest companies still managed to get a modest raise.
That’s the main finding of the 2009 GC Compensation Survey by Corporate Counsel, a Daily Report affiliate. Naturally, there are nuances in the data. But the main point is that all cash metrics for last year were up, while anything involving stocks, such as stock grants, and option grants and cash outs were down. In a year that saw a ferocious bear market, with the Dow Jones average sliding by 38 percent, that result did not come as a surprise.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
