AFL-CIO Sheds Light on Excessive CEO Retirement Pkgs

April 6, 2006 ( - Calling attention to the practice of corporations freezing pensions while CEOs rack up large retirement packages, the AFL-CIO included information on CEO pensions in its 2006 Executive PayWatch Web site.

The site, released Thursday, includes new information on CEO compensation packages as well as case studies of excessive CEO retirement packages.   An AFL-CIO article also said the new PayWatch site enables users to contact the Securities Exchange Commission to urge adoption of new disclosure rules for CEO pay packages.

In 2005, the average CEO of a Standard & Poor’s 500 company received $11.75 million in total compensation, a 3.66% increase from 2004, the article said. PayWatch says that there is little, if any, connection between CEO pay and CEO performance.

PayWatch’s database of CEO pay at S&P 1500 companies is searchable by company name, ticker symbol, industry or total compensation.

The PayWatch Web site is  here .