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By The Numbers: Top executive pay down 4%

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A cynic might say a 4% average earnings decline isn’t enough, but at least the highest-paid executives in America’s publicly traded corporations are feeling some of the pain of the financial meltdown.

Type of

compensation                        Nov. 2007      Nov. 2008     % change

Salary                                       $1,260,201    $1,260,001      -.02%

Bonus &

nonequity incentives             $3,478,973    $4,079,745     17.3%

Stock options                         $5,052,841    $4,443,395    -12.1%

Restricted stock                    $4,109,675    $5,115,352     24.5%

Pensions                                $1,163,269    $1,692,908     45.5%

Long-term

incentive plans                      $590,297            —                     —

All others                                $2,842,521    $1,151,114    -59.5%

Total overall

compensation                      $18,497,777    $17,742,515     -4%

Source: Economic Research Institute 

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