By Sara Merken, Bloomberg BNA
General counsel at U.S. public companies are being paid more to reflect their increasing involvement in strategic decision-making, with the highest pay increases at companies with revenues of between $1 billion to $5 billion, a new report found.
The top legal officers at such companies received an 8.1 percent pay raise in fiscal 2015 and 2016, reaching a median total compensation of $1.5 million.
“General Counsel Pay Trends,” released Oct. 4 by compensation consultant Equilar, also found that median total direct compensation for general counsel rose 4 percent year-over-year. The report reviewed annual proxy ...
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