As government officials weigh how to limit executive pay at financial firms looking for a handout from the bailout, proxy advisor Glass Lewis & Co. has released its report on executive pay in 2007. Using its own pay-for-performance formula, Glass Lewis, reveals the 25 S&P 500 CEOs it considers to be the most overpaid, and the 25 it sees as the most underpaid. (The report also takes a look at Russell 3000 CEOs as well.) The formula takes annual compensation into account. It also includes the company's performance, using metrics that include the firm's 2007 net income, its share price performance and its return on equity. What the formula...
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