New story from CNW published by Daniel Pleasant November 20, 2009

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Korn/Ferry Executive Compensation Index Shows Declining Pay for Newly Placed Senior Executives in 2009

Korn/Ferry International (NYSE: KFY), a premier global provider of talent management solutions, today released results of a five-year analysis focused on compensation for newly hired executives. The Korn/Ferry Executive Compensation Index shows declining pay in 2009 for the majority of new senior executives around the world after reaching a peak in 2008. The study shows that pay for first-year CEOs also declined in the North American and Asian markets in 2009, but increased in Europe, raising the global average CEO compensation to a five-year high. More: http://tinyurl.com/talentmanagement198