Forbes magazine estimates that about half of Fortune 500 CEO compensation for 2003 was in cash pay and bonuses, and the other half in vested restricted stock, and gains from exercised stock options. In the previous year (2002), it found salary and bonuses averaged $2 million.
A bachelor's degree plus sufficient relevant work experience are the only official requirements to become a judge in some jurisdictions. However, the overwhelming majority of judges have law degrees from three-year institutions as well. For federal and state positions, such degrees are usually mandatory.
All judges must have a bachelor's degree, and most judges also hold a juris doctorate (J.D.) law degree from an accredited law school. Many judges start their careers as lawyers, gaining experience working in courtrooms and learning the ins and outs of the legal system.