Let’s have a chew over CEO salaries which many of us have been considering since Fonterra’s announcement of Theo Spiering’s latest pay hike.
Now as it happens I know a little of how these figures are arrived at having sat on two remuneration committees of a couple of companies.
When considering how much to pay the CEO who is the only employee of the board (everyone else in the company has the CEO as their boss) boards generally bring in outside experts to advise on the appropriate level of pay.