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Nearly 75 Percent of Financial Executives Earned Salary Increases in 2011

Nearly 75 Percent of Financial Executives Earned Salary Increases in 2011

The recently released survey from Grant Thornton LLP and Financial Executives Research Foundation (FERF) found that 74 percent of finance executives received a salary bump in the last year.

According to the study, that compensation figure represents an increase from the 66 percent who received salary increases the previous year, and 43 percent the year before that.

The survey, which included responses from more than 700 Financial Executives International members, found that 88 percent of public company corporate CFOs and 82 percent of private company CFOs received an annual bonus.

"Executive compensation programs across all types of organizations continue to evolve in response to factors such as the economic and political climate, increased scrutiny by shareholders and the media, and compliance-driven increases in program transparency," Marie Hollein, president and CEO for Financial Executives International, said in a release. "The findings from this year's survey are reflective of slight improvements in the economy, resulting in a loosening in compensation restraints."

The Grant Thornton and FERF research follows on the heels of another recent study from the Hay Group that found compensation for CEOs is becoming increasingly tied to corporate financial results.