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

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L. Coyote Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-09-07 05:41 PM
Response to Reply #30
33. CEOs' fat checks "Tenet Healthcare CEO Jeffrey Barbakow, $143 million..."
CEOs' fat checks belie troubled times
By Gary Strauss, USA TODAY

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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