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Private equity is driving CFO executive comp

By Richard Gamble | Updated on May 01, 2007

Last summer, when David Calhoun went from being a vice chairman at General Electric Co. to CEO of the publishing company VNU Group BV for a reported $100 million pay package, it confirmed what executive recruiters already knew: The market for senior executives was being flooded by compensation dollars from hedge fund and private equity buyouts, which were not susceptible to pressure from shareholders or the Securities and Exchange Commission.

Put this deluge together with the reality of a small pool of experienced, scandal-free executives, and there is only one conclusion possible: the squeeze on executive pay anticipated in the wake of new compensation disclosure rules and investor disapproval is not materializing, at least for now. “In fact, what we have seen is just the opposite,” says Russell Boyle, head of the U.S. financial officers practice of Egon Zehnder, the international search firm.

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