Reply #33: CEOs' fat checks "Tenet Healthcare CEO Jeffrey Barbakow, $143 million..."

[L. Coyote]

CEOs' fat checks belie troubled times
By Gary Strauss, USA TODAY
http://www.usatoday.com/money/companies/management/2002-09-30-cover-cms.htm

Stock prices may still be down, but CEO pay continues to rise.

If early 2002 proxy statements are a barometer, the disconnect between executive compensation and performance remains wide. While average worker salaries are rising just 3.6%, many CEOs are getting double-digit salary increases, fat bonuses, large stock option grants and lavish perks more reminiscent of the bull market 1990s .....

...Among 2002 compensation packages:

* Procter & Gamble CEO Alan Lafley, $87.8 million. ...
* Symantec CEO John Thompson, $66.2 million. ....
* General Mills CEO Steve Sanger, $62.8 million. ...
* Tenet Healthcare CEO Jeffrey Barbakow, $143 million. Barbakow gained $111 million exercising stock options, and he received fresh options worth up to $26.4 million. "This was his first stock option exercise since he became CEO in 1993," says Tenet spokesman Harry Anderson....

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