CEO Salaries in the Crosshairs
Pay-for-performance structures are enjoying a resurgence.
Last September, Mission Research formed a compensation committee to discuss capping executive pay and by how much.
Charlie Crystle, co-founder of the 35-employee Lancaster, Pennsylvania, software company, would like to see executive pay limited to seven times the company's median salary, which hovers around $60,000. Mission Research generated $3 million in revenue last year. "We're trying to figure out the right mix of goals and bonuses for our executive team," says Crystle, 41. "It's part of our growing up and becoming a real company." Mission Research plans to implement a new compensation structure early this year.
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