Survey Finds More Firms are Making Executive Pay Changes

"A growing number of U.S. companies are freezing salaries, reducing bonus pools and making other major changes to their executive pay programs, a consulting firm reported Tuesday. Of 145 companies surveyed during the first week of March, Watson Wyatt said roughly half plan to decrease this year's bonus pool by an average of 40%. Also, the number of companies that have frozen salaries jumped to 55%, from 21% when the companies were first polled in December 2008."