Raking in more than a million
Like the four-minute mile for runners, an annual income of more than $1 million for a U.S. corporate executive once appeared to be a barrier that would be nearly impossible to break. Now, with the economic recovery in full swing, a combined salary and bonus in excess of $1 million is becoming almost commonplace.
Sibson, a New Jersey-based consulting firm that monitors executive compensation, reports that the highest paid U.S. executive last year appears to have been Donald B. Marron, chairman of the Paine Webber brokerage firm, who...
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