Stock options enriched CEOs in 2005

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Most people don’t see their paycheck rocket 14,000% in a year, but the chief executive of chipmaker Marvell Technology Group (MRVL) did, as he cashed in millions in stock options, according to a study on executive compensation, USA Today reports.


Executive compensation can make a shareholder’s blood boil, and this study from governance firm The Corporate Library is not likely to offer comfort.


For example, Sehat Sutardja, CEO of Marvell, logged the largest percent gain in total pay in 2005 fueled by $75 million from exercising stock options, the study says.


The CEO pay study, which unlike many others includes profits from stock options in its total compensation figures, also noted that the number of CEOs exercising stock options in 2005 rose 4% from a year earlier.


Read the full USA Today story

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