US CEO bonuses fell in 2009

US consumer, financial and technology companies slashed bonuses for their chief executives by more than half in 2009, a leading firm that tracks pay data said yesterday, as companies moved to more closely tie executive pay to performance. Equilar, which examines compensation practices, said preliminary data from corporate proxy filings show that the median CEO bonus payments fell 21.9 per cent to $689,000 (£458,993) in 2009 from $882,000 in 2008. The median reflected the midpoint of 180 companies sampled.