The E-xecutive Issue Newsletter subscription September 1999 You will find below the September issue.
Irons suggests that at the high end the sky really is the limit.
Amazingly enough, in talks with consultants, search firms and HR professionals, it seems that there is very little sophistication in all this - companies are just offering huge amounts of cash. Trouble with this approach is that in many highly-taxed European countries, most of an executive's gross pay can quickly vanish into the hands of the taxman. Typically, these executives are traveling so much and are responsible for so many parts of a business that they can be creatively compensated in more than one country. The other expense is hiring the legal consultants to make the package work. Still a shortage of specialists Elsewhere down the corporate food chain the salary spiral continues.