Survey: many companies revamp executive compensation.

• Position: WHAT INCENTIVES? - Brief Article

Companies are significantly altering the eligibility criteria, design parameters and size of executive long-term incentive awards as they face increasing regulatory and shareholder pressure to align pay with performance and manage costs, according to global human resources services firm Hewitt Associates.

Among other findings, the survey of more than 100 large U.S. companies found:

* 71% are revising or plan to revise their long-term incentive program design in anticipation of mandatory stock-option expensing;

* 43% are shifting a...