Essay About Top Payments Industry Executives And Exchange Commission

Campus Calendar Case
Campus Calendar Case
Title: CEO COMPENSATION UP IN 2005 , CardLine, 2006, Vol. 6, Issue 22
Database: Business Source Complete
CEO COMPENSATION UP IN 2005
Top payments industry executives were paid well in 2005, with overall compensation up 42% despite a drop in salaries, according to CardLine sister publication Cards&Payments magazine. For an article in its June issue, Cards&Payments and Standard & Poors analyzed 2005 compensation disclosed to the Securities and Exchange Commission from a cross-section of top public payments industry companies such as card issuers and processors. Median total compensation of 67 executives from 13 companies was $2.7 million, up 42% from $1.9 million in 2004. Median salary of those executives was $387,508, down 3% from $400,000 in 2004. The median bonus in 2005 was $446,744, up 28% from $349,667 in 2004. The top-paid executive in the survey was Capital One Financial Corp. Chairman, President and CEO Richard D. Fairbank, who in 2005 logged $249.4 million, virtually all from the value realized from