The Delves Group Powers Executive Compensation Data for Chicago Sun-Times Report
May 18, 2010 – A Chicago Sun-Times report on the compensation of top Chicago executives provides greater clarity and accountability in the continuing debate over executive pay. The report, written by Sun-Times business columnist Sandra Guy, features executive compensation survey calculations and analysis from The Delves Group, a Chicago-based executive compensation and corporate governance consulting firm.
“We believe that greater clarity in executive compensation serves everyone,” said Don Delves, president of The Delves Group. “Greater clarity leads to greater accountability for shareholders, boards of directors, management, and employees.” Delves works with corporations to establish executive compensation principles to guide compensation decisions.
The Sun-Times report, “Top pay for top jobs: CEOs of Chicago area firms had an up-and-down year as recession reigned,” provides a survey of the 2009 compensation of CEOs of the Chicago area’s largest public corporations. The Delves Group prepared a detailed table of executive compensation for 27 CEOs. The table shows direct compensation, revenue, net income, total shareholder return, and base salary for 2009, with percentage changes over 2008.
Based on The Delves Group compensation survey, the Sun-Times wrote, “most boards of directors of Midwestern companies have maintained their equilibrium, a characteristic typical of Midwestern companies known for conservative fiscal policies.”
The article quotes Delves, a nationally respected Chicago compensation expert, as saying that Chicago area companies “don’t have too many bad actors here.” Yet he also wondered, Sandra Guy wrote, “what companies use as rationale for raising CEO pay in years when income goes down.”
For the complete Sun-Times article and The Delves Group’s CEO pay statistics, see “Top pay for top jobs: CEOs of Chicago area firms had an up-and-down year as recession reigned” at http://www.suntimes.com/business/2281172,CST-NWS-ceo17.article
