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According to the August 2006 Executive Compensation Index, figures released by the Economic Research Institute and CareerJournal.com reveal that the highest paid executives in America had a 58.8% increase in their average annual cash bonus and were paid 38.21% more total cash compensation. The figures are based on year-to-date reporting for 2006 as compared to compensation levels reported year-to-date in 2005 for the same period. The average annual cash bonus was $3,733,715 compared to third period year 2005 cash bonus levels of $2,3755,615. The August 2006 Index indicates that while base salaries decreased slightly, bonuses were up sharply resulting in an average total cash compensation per executive of $5,049,623. |
