Six of nine Chattanooga-area CEOs made more money in 2011

photo Chattanooga CEO salaries

Most top executives of Chattanooga-area public companies earned more in 2011, and the businesses increasingly are asking shareholders to have a say on pay.

"Boards and compensation committees are becoming more cognizant that they've got to get their act together," said Paul R. Dorf, managing director of the New Jersey consulting firm Compensation Resources Inc.

The average pay of the top bosses of area companies that report compensation to the Securities and Exchange Commission rose 12.3 percent last year.

Among the nine local CEOs on the job through 2011, six got bigger pay packages and three took home less money last year.

The local CEO pay gains were more than four times the average 2.8