abstract:The Executive Towers is a complex of 12 towers in Business Bay development in Dubai, United Arab Emirates. They comprise 10 residential towers, one commercial tower known as Aspect Tower, and one hotel tower known as the Executive Hotel Tower.
This has prompted a restructuringof the executivecompensationindustry, with significant Numbersof consultants leaving prominent firmssuch as Mercer, HewittandTowersWatson.
"Our offices have been overwhelmed with calls from local companies asking about them, " says Daniel Marcu, executive director of Towers Perrin Argentina, compensation consultants.
"Our offices have been overwhelmed with calls every day from local companies calling us to ask about them, " says Daniel Marc, executive director of Towers Peril Argentina.
Doug Friske, global head of executive-compensation consulting for Towers Watson, expects total CEO compensation to rise a "couple percentage points" this year.