'08 Saw More Raises for CEOs: Survey

By Harry Kimball,  Newser Staff
Posted Apr 14, 2009 3:15 PM CDT
Stefan Jacoby, president and CEO of Volkswagen of America.   (AP Photo)
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(Newser) – More American CEOs than not received raises in 2008, Reuters reports. An AFL-CIO poll of 946 chief executives saw 480 with increased pay, while 463 took a cut. Salaries were up 7%, too; execs with raises earned an average of $5.4 million, while those who saw cuts took in an average of $3.9 million. The union hopes the results will spark a conversation on executive compensation.