CEO Update’s analysis of compensation at the largest groups found 73 top executives earned base plus bonus pay of $1 million or more in fiscal years 2012 or 2013. If retirement plan payments and other compensation are included, the number grows to 90 members of the million-plus club. For the very largest trade associations, paying the CEO $1 million “was a barrier they went through some time ago,” said Brian Vogel, a nonprofit compensation consultant.
The organization’s second-in-command will head a new center with offices in California’s Silicon Valley and Washington D.C. “The Chamber must be a strong, visible leader in telling the story and advocating the interests, challenges and opportunities of those who create and apply our technologies and those who depend on them,” Chavern said.
Increased turnover is helping drive competition and also the price for the most attractive CEO candidates, said a panel of executive recruiters to a packed room of CEO Update members and other association executives. The April 9th forum was the second of five CEO Update Live events this year.
Analysis shows women at professional societies earn lower median pay than men, but women tend to lead smaller organizations. Female trade group CEOs had a higher median base and bonus than men despite running smaller groups. However, men still had greater total earnings, largely from retirement plan payouts.