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“Compensation, whether up or down, is always based on the consequence of the results,” said Terre Simpson, president of executive search firm Simpson Associates. “There’s never a trend other than the trend of the business.”
“The only reason [the executives are] making money is because they’re achieving certain goals, so that’s great,” said Reiter. “Their interests are coincident with the interest of the shareholders.”
A dearth of female executives continues to exist. However, according to Simpson, even that may be starting to change.
“I think it’s opening up. I think you have to go down to the second level, that’s where there are some very competent and qualified females and males. Over the last couple of years you’ve seen more females,” said Simpson.
— With contributions from Sharon Edelson