REITs Change Executive Comp Plans
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Dozens of large REITs are overhauling executive compensation plans. Multiyear performance is now being factored into compensation formulas to determine salaries, bonuses and other benefits. Less than a third of the top 100 REITs took multiyear performance into account in 2010 according to the Wall Street Journal. Today that number stands at 70% as firms are responding to pressure from shareholders and advocates to have compensation more closely tied to financial performance. REITs are typically sensitive to investor concerns, as any loss in confidence could result in trouble getting funding. [WSJ]