Categories: Agenda

Interim CEOs: How the Top Temp’s Pay is Set

When a CEO exits unexpectedly, the vacancy leaves room for someone to step up and prove his or her worth to the company.

Their worth, as it turns out, is about $1.6 million, on average, for an “interim CEO-ship” among those in the Russell 3000, according to public company intelligence provider MyLogIQ.

There have been 140 interim CEOs named over the past six years, and many of them were paid handsomely to step into their temporary roles, with median pay at just under $1 million — although the total comp was far lower than the $4.8 million median pay that permanent CEOs make annually in the Russell 3000.

As with pay trends for permanent CEOs, there are a number of factors that comp committees consider when determining comp for the interim CEO.

admin

Recent Posts

‘Mission First:’ Military Directors More Likely to Hold CEOs Accountable

Boards have been steadily reinforcing their ranks through the addition of more directors with military…

2 months ago

Boards Consider Politically Connected Directors Under New Administration

Governance Professionals Caution Against Knee-Jerk Reactions to Shifting Political Winds Meta Platforms added Dana White,…

2 months ago

Let It Snow: CEOs with Cozy Pay and Cold Returns

Where CEO pay climbed and performance sank last year Danaher and United Parcel Service were…

3 months ago

How Boards Can Craft a Next-Level AI Strategy for 2025

As artificial intelligence grows more accessible, boards may have no choice but to embrace it…

3 months ago

Director Details: Who’s at the Table in 2024

A look at the demographics and skills of S&P 500 directors. Corporate boards have greater…

3 months ago

Long-Tenured Independent Directors Lower Litigation, Activist Risks

Companies with independent directors who've served on the board for more than 15 years are…

3 months ago