Word: bonus
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Criticism of excessive executive pay may finally be hitting home. Reacting to shareholder protests, Coca-Cola reduced the compensation of its chairman Roberto Goizueta $59 million, to a mere $4.5 million. Goizueta received a 10% raise in salary, bonus and incentives but was not offered any stock options. Last year he was awarded 1 million shares, worth $59.4 million, on top of his pay. Coca-Cola's operating profits had jumped 18% despite a treacherous year; even so, the company wanted to avoid another wave of stockholder complaints...
Salary and bonus of Dave Mittelman, senior vice president and director of fixed Income investments for Harvard Management Company--the University's not-for-profit endowment-managing concern--in 1992: $1.2 million...
...Meyer's predecessor, Walter M. Cabot '54, earned a retirement bonus that made him the highest paid employee in HMC history, with a total compensation of more than $1.4 million for the year...
Financial Bonus...
...There is a financial bonus," Carter says. "Even if I didn't like the place, I would probable still live here [because it's cheaper...