New York, May 16 (PTI) After two consecutive years of decline, the pay package for top American executives saw a growth of 28 per cent in 2010, with the bonus payout component witnessing the maximum growth, says executive compensation research firm Equilar.
The average compensation for S&P 500 CEOs was about USD 9 million, up from around USD 7 million in 2009, while, the median bonus payouts for these CEOs rose by 43.3 per cent to USD 2.15 million in 2010, the Equilar study said.
Meanwhile, around 85.1 per cent CEOs received an annual bonus payout in 2010, compared to 73.6 per cent in 2009.
An industry-wise analysis shows that basic materials CEOs received the most compensation, with an average pay of USD 9.9 million in 2010.
However, median total CEO compensation at technology and financial firms saw the largest growth from 2009 to 2010, increasing 60.