The world economy may be limping. Economic sectors like banking and manufacturing are still 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 Corporate Counsel ‘s 2009 GC Compensation Survey. 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.
