When calculating the best places to live on an executive salary, cost of living is imperative.
He also suggests trying to raise investor capital or borrow funds from friends and family early on to cover the cost of an executive salary.
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The new chief executive's salary has been agreed by the board of Scottish Water and approved by Scottish government ministers.
On the issue of pay, a spokesman said its chief executive's salary was "strongly performance-related" and had the backing of ministers.
The Hay Group reckons that a European chief executive's basic salary is much the same as that of his counterpart across the Atlantic.
This is particularly true where the benefit conferred upon the executive director in terms of salary is greater than the value of the services provided.
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Each of Benckiser's top 150 executives now receives a cash bonus typically equal to 40% of base salary if the executive meets preset growth goals in areas such as net revenue and operating income.
The water company Thames Water has doubled the salary of its chief executive, Bill Alexander.
The new chief executive will be paid the same salary on a secondment basis from Middlesbrough Council.
Both the candidates for the chairmanship favour appointing a full-time executive secretary, probably with a salary (as the Democrats have done).
The Associated Press formula for determining an executive's total compensation calculates salary, bonuses, perquisites, above-market interest that the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year.
Scottish Liberal Democrat finance spokesman, Jeremy Purvis, described the salary for the new chief executive as "ridiculous".
Yet BP in its next annual report revealed a 41% salary increase for its chief executive, Tony Hayward.
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The penalty is part of a new section of the tax code clamping down on salary and bonus deferrals, executive retirement and benefit plans, severance packages, discounted stock options and even stock appreciation rights.
That trumps salary and health benefits, says Executive Board CEO Brian Kropp.
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Leeds chief executive Gary Hetherington said that Scruton was a victim of the salary cap.
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The AP formula calculates an executive's total compensation during the last fiscal year by adding salary, bonuses, perks, above-market interest that the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year.
The big executive compensation increases probably came to shift compensation from performance based compensation to salary based compensation.
According to Equilar, an executive compensation data firm, between 2007 and 2011, CEO pay including salary, stock, options, bonuses and other compensation, rose 23%.
The former executive will receive a six-figure compensation package, comprising six months' salary, pension and "golden handshake".
British Petroleum for example, states clearly that no executive can exercise options until his shareholding is equivalent to at least five times his annual salary.
Boards are prevented from setting executive compensation at levels which will promote the greatest profitability and are instead hamstrung in their salary-setting by government edict or convoluted voting processes.
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These long-term incentives, which have been widely used in the Netherlands for the last decade, can make up anywhere from 10% to over 50% of an executive's total compensation -- at the CEO level, options can be worth more than the salary-plus-bonus cash compensation.
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