Towers Perrin recently released a survey of compensation strategies used by US multinationals. Among the findings are that US MNCs have cut the equity awards (options, restricted stock) to executives outside the US.
Companies are also changing their approaches to long-term incentive plans by differentiating award amounts baed on geography. Only 5% of companies differentiated on this basis in 2001, and the percentage has risen to 42%.
Finally, the survey found that guidelines for compensation differ according to tiers or regions established by the parent company. Some companies set award amounts as a percentage of the amount that would be awarded in the US.
A press release explaining the survey is available here.
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When TimeWarner Chairman/CEO Richard Parsons steps down, the directors will have to decide on an executive compensation package. That decision will dovetail with the candidate’s level of experience, no doubt. To see some of the candidates within the company and their level of experience read this NewsVisual article: http://www.newsvisual.com/newsvisual/2007/10/is-parsons-on-h.html
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