FPL Advisors, led by Bill Ferguson and Michael Herzberg, havejust released their latest global business update which highlightshow industry compensation levels lose some of their recent froth inthe ongoing market adjustment.
No surprise, FPL compensation studies indicate private companieswill have an "increasingly difficult" time generating "the outsizedreturns associated with long-term incentive programs vis a visproject/equity participation" compared to the past several years.Since public company shares turned negative last year, equitygrants, largely predicated on shareholder performance, will "slow"and "decrease." But the good news is "cash bonuses remain sound,"given continuing strong operational performance.
Budget strictures should limit overall base salary increases toabout 3.5% to 4% for all employees, according to FPL analysis.
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