Top executives at Landmark Apartment Trust of America Inc. have fatter paychecks after signing new employment contracts with the Tampa-based REIT. Joseph Lubeck, executive chairman, will get a base salary of $675,000, while Stanley Olander, CEO and chief financial officer, will get a base salary of $625,000, under the employment agreements signed July 21, a filing with the U.S. Securities and Exchange Commission said. That’s a big increase from the $250,000 salary Lubeck received in 2013, when his total compensation was $1.9 million, including a $250,000 bonus and nearly $1.4 million in stock awards, according to the company’s most recent proxy filing. Olander’s total compensation last year was $905,551, including $300,000 in salary, $300,000 in bonus and $300,000 in stock awards, the proxy said. Margie Manning, Tampa Bay Business Journal
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Wednesday, July 30, 2014
Paying up: Hiring a new CEO from outside can be pricey
The search for a new CEO presents Target Corp. with a tricky paradox. In recent years, shareholders have grown more agitated over the big compensation packages that CEOs of giant companies typically receive. Target itself nearly lost a say-on-pay vote last year, with only 52 percent of shareholders backing its policies. But to attract the right person, analysts think Target may well have to offer its next leader an even better package than ousted CEO Gregg Steinhafel received. Many observers are hoping for an outsider who can breathe new energy into the retailing giant, which has struggled with declining U.S. sales, a botched launch into Canada and a high-profile data theft just before Christmas. Patrick Kennedy, Adam Belz and Kavita Kumar , Star Tribune
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Tuesday, July 15, 2014
New Ford CEO gets $5.25M pay package
"On his first day on the job, newly minted Ford Motor Co. CEO Mark Fields has beengiven a 13% bump in his salary, sweetened bonuses and a return to his practice of using a private jet for travel.
Fields will see his salary go from $1.54 million as chief operating officer to $1.75 million as CEO, according to documents Ford filed Wednesday with the Securities and Exchange Commission." - Alisa Priddle, Detroit Free Press
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