HR TechKnow
Volume 3 #2
CEO Pay in FY2000 IPOs
Second Quarter 2000
Subject: Internet CEOs

The average base salary of CEOs at 60 randomly selected e-commerce, dot-com and communications companies that have completed their initial public offerings since the beginning of the year is $211,300. This is one of the findings in a recent independent study conducted by Compensation Resources Inc. (CRI).

Using information published in each company's prospectus, CRI found that the average bonus for these CEOs was $103,200. The average total compensation package was $311,700.

The high-tech CEOs held an average of 565,300 securities underlying options/stock appreciation rights (SARs). After the IPO, they held an average of 4,326,700 beneficially owned shares. Their average percentage of class owned shares was 9.4 percent.

CRI provides compensation and human resource consulting to start-up, emerging and middle market companies. More information about the study is available at the company's web site:
www.compensationresources.com or by calling (201) 934-0505.