Black_6_Leader
Well-Known Member
Listen to this . . . The Compensation Committee has a three year plan to increase the bonuses for the CEO from 250% of the annual salary to 675%; the COO from 225% to 575% and the CFO from 225% to 300%
"While it expects to continue to monitor the effect of global economic conditions on the Company, the Compensation Committee is committed to the implementation of its plan to increase the total compensation of these three executive officer positions through increasing LTIP target award values, with the increase in compensation earned by these executives, subject to meeting the performance targets over the three-year performance period."
This was found on page 27 of the proxy statement (SEC 14)
http://idea.sec.gov/Archives/edgar/data/1090727/000095014409002206/0000950144-09-002206-index.idea.htm
http://idea.sec.gov/Archives/edgar/data/1090727/000095014409002206/0000950144-09-002206-index.idea.htm
"While it expects to continue to monitor the effect of global economic conditions on the Company, the Compensation Committee is committed to the implementation of its plan to increase the total compensation of these three executive officer positions through increasing LTIP target award values, with the increase in compensation earned by these executives, subject to meeting the performance targets over the three-year performance period."
This was found on page 27 of the proxy statement (SEC 14)
http://idea.sec.gov/Archives/edgar/data/1090727/000095014409002206/0000950144-09-002206-index.idea.htm
http://idea.sec.gov/Archives/edgar/data/1090727/000095014409002206/0000950144-09-002206-index.idea.htm