A review of the compensation of Southeastern chief legal officers who are listed among the top five highest-paid executives in their public companies’ most recent SEC filings reveals an average total package in the neighborhood of a million dollars. As the economy spirals downward, GCs may fare better than their law firm counterparts, but Robert T. Graff, managing partner of legal search firm Major, Lindsey & Africa, says, “I think the numbers next year will look pretty different.”
Pay Proves GCs Are Part of Elite Club
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