"They were a public company until the first of the year, they had a separate board, separatecompensation committee and we had no authority to tell them what to do, just urged them what to do, " Lewis said.
March has been a newsy month so far for corporate directors as two separate surveys confirmed significant compensation increases across multiple industries.
We asked the grads for annualized total compensation for three separate years: the year before beginning business school, the first year out of school and 1998.
In a separate study of 135 public companies' compensation reports, the consultancy concluded that over half were planning either to freeze or reduce salaries in 2009.