Stock awards fatten wallets of region's best-paid CEOs
By Dustin Walsh
Crain’s reported that despite global economic woes, many Southeast Michigan public company stocks outperformed Wall Street expectations, leading to big paydays for local CEOs. Total compensation for the 25 top-paid CEOs in the region was up 67.6 percent in 2012 compared with 2011 -- $311.2 million from $185.7 million.
Paul Reagan, a senior lecturer in the School of Business Administration at Wayne State University and principal at Birmingham-based compensation consulting practice Dorey-Reagan & Associates LLC, said the region's strong manufacturing sector created value for other companies in the area.
"There's a resurgence in manufacturing going on right now, so you'd expect to see greater rewards for everyone," he said.