CFOs also think CEOs are overpaid – except the one they report to.
In a national survey of CFOs and senior comptrollers conducted by Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd., 83% believe that the positions of CEO and chairman of the board should be separate.
Two-thirds of respondents think that the average CEO is overpaid, but only one-fourth think their own CEO is overpaid. Some 55% say they would like to be CEO of a company one day.
Grant Thornton LLP conducted the national survey from September 8th through September 19th, with 688 chief financial officers and senior comptrollers.
DETAILS:
Do you believe the roles of CEO and chairman of the board should be independent of each other?
Yes: Â 83%
No: Â 17%
Considering total pay and benefits package, do you feel the average CEO is:
Overpaid: 66%
Appropriately paid : 33%
Underpaid: 1%
Considering total pay and benefits package, do you feel your CEO is:
Overpaid: 25%
Appropriately paid: 62%
Underpaid: 14%
Should the SEC enhance the 8-K rules to require explanations for all company dismissals of auditors, for all auditor resignations and for all instances in which the auditor chooses not to stand for reappointment?
Yes: 70%
No: 30%
Should shareholders have greater access to the proxy in order for them to nominate directors more easily?
Yes: 63%
No: 37%
Should shareholders be able to access the proxy online?
Yes: 94%
No: 6%