The Chairman and Chief Executive Officer of McGraw-Hill Companies, Harold McGraw III, is receiving less in his paycheck in 2011. The CEO earned $8.7 million last year, a 7.8% decline from 2010. His drop in compensation could be attributed to the restructuring of the company last year. McGraw-Hill decided to split its markets arm and its education business into two separate companies and sell its broadcast business. In 2011, the company cut staff in education and revamped its retirement benefits, among other moves. However, its earnings rose throughout much of 2011, improving on its brands like Standard & Poors to compensate for the decline in revenues in the education business.Last year, McGraw-Hill stock rose about 24%.Currently, the company is trading close to 1% higher at $47.45 in afternoon trading.
