CEO Pay Sinks for First Time in 7 Years

"CEOs took a pay cut in 2008—their first in seven years—as profits plunged and brought bonuses with them. The median compensation for the leaders of 200 big US companies fell 8.5% to $2.24 million, the Wall Street Journal reports. That includes both salaries, which rose 4.5%, and bonuses, which dropped 10.9%, as profits fell 5.8%. At financial firms, the drop was even steeper, with total compensation falling 14.2%."