Forex downturn hits US wages

Adams Consultancy, the New York-based consultancy and recruitment agency that compiled the survey, found that last year the average base salary for a treasurer increased by just 3% to $300,000, compared with an average of $291,000 in 2001.

The FX market was one of the flattest areas covered by the survey, said Len Adams, president and chief executive officer of Adams Consultancy in New York, primarily due to a lack of movement in the euro markets. But the FX results were no surprise, h