Financial executives on average reported nearly a 5% salary increase, according to a new study by Financial Executives Research Foundation (FERF), the research affiliate of Financial Executives International (FEI). The second annual executive compensation study, which provides a year-to-year comparison of compensation for finance professionals, examined salaries, bonuses, long-term incentives and retirement benefits of over 1,900 financial executives from both public and private companies, of which nearly half were CFOs. The findings were unveiled today at FEI's 2008 Summit in Phoenix, Arizona.