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"The secretary's salary package was negotiated prior to the establishment of the SPL and when revenues were up to 65% higher than the current level, " it stated.
BBC: Last Updated: Monday, 5 March 2007, 10:13 GMT
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For example, when the researchers asked the MBA students about their likely salary package in their first job, the optimists tended to predict that their starting earnings would be higher than average for their peers--but the optimists didn't, in fact, end up with above-average starting salaries.
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The company promised that its new recruits would be fully trained and would receive a "good salary and benefits package".
BBC: NEWS | UK | Northern Ireland | Jobs boost 'to meet M&S workload'
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They have compared the average basic salary of our employees to a remuneration package awarded to the CEO that includes salary, bonus and benefits.
BBC: High pay of UK executives corrosive, report says
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His pay package includes salary and a cash bonus linked to performance, plus a big cut of the options plus more traditional perks like a car and membership in a country club.
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No element of the pay package--salary, stocks, options, loans, company car, subsidized housing and all other perks and indulgences--should be omitted.
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In a rush to obtain employees, many entrepreneurial companies attempt to bypass a competitive salary, benefits and bonus package and instead offer company equity.
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The former executive will receive a six-figure compensation package, comprising six months' salary, pension and "golden handshake".
BBC: Dome ops director quits
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Risk-taking CEOs are much more likely to be paid with a greater share of their package made up of stock, options and bonuses, and less in the form of salary.
FORBES: Optimists Become CEOs, Study Finds
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Salary, pension, health care, stock-purchase plan and the rest were part of "the package".
ECONOMIST: Spinning the web
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While details of his potential compensation package have yet to be discussed, people briefed on the talks said that he would receive a cash salary as well as shares ahead of the initial offering.
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