nessie000  +  808149 Mon, 06 Jul 09 03:18 AM Hi, Please have a look at this:   About compensation in this time of economic slowdown: few board members have experienced a crisis of this magnitude and while they want to do the right thinsg in compensating senior managers, the usual guidelines fall short. Past competitive data on peer groups are no longer useful because the landscape has changed so dramatically.   What does the bold part mean?   Many thanks, Nessie. nessie000 Joined on Thu, Dec 4 2008 Full Member 200

	Clive  +  808287 Mon, 06 Jul 09 05:29 AM Hi, peer group - a group of similar people. eg to decide how much to pay your senior managers, you look at the salaries of senior managers in other companies.   past - this kind of information that was gathered and used in the past   competitive - the information was gathered by looking at the salaries paid by companies that are your competitors.   Clive  Clive Joined on Thu, Oct 28 2004 Canada Veteran Member 29,580 El tango argentino es un pensamiento triste que se puede bailar (The tango argentino is a sad thought which can be danced) Enrique Santos Discépolo