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Sunday, September 01, 2013

Analysis - Caterpillar Plan Illustrates Risk of Variable Pay Plans - NYTimes.com

Analysis - Caterpillar Plan Illustrates Risk of Variable Pay Plans - NYTimes.com:

CEO's exempt themselves from employee's incentive based employment plan:

 "But unlike many rank-and-file employees, Oberhelman also participates in a medium-term incentive plan, which pays out cash each year based on three-year performance measures, providing a cushion from annual fluctuations.

As a result, Oberhelman's total cash incentive pay rose 2 percent last year, and his overall compensation jumped 32 percent, according to SEC filings."

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