December 1, 2000 |
Costa Mesa drug maker ICN Pharmaceuticals Inc. cut the compensation, including the bonus and the stock award, of Chief Executive Milan Panic last year after the company's earnings slumped in 1998, according to a regulatory document. Most ICN executives were given smaller bonuses and stock grants last year compared to the previous year, according to a proxy statement filed with the Securities and Exchange Commission.
November 1, 2000 |
Seagram Co. Chief Executive Edgar Bronfman Jr. is guaranteed $6 million in the next two years in salary and bonus payments following the company's $27.5-billion acquisition by Vivendi, according to a regulatory filing. Bronfman, who will become vice chairman of the combined company, called Vivendi Universal, will receive an annual salary of $1 million and as much as $3 million a year in bonuses if achievement targets are met. "However, Mr.
October 30, 2000
Friday's Top Gainers *--* Chief executive Company Friday's change Total value Steven A. Ballmer Microsoft +$778,787,708 $16,219,741,868 Sanjiv S. Sidhu I2 Technologies +316,688,029 8,160,801,000 Lawrence J. Ellison Oracle Corp. +165,644,519 45,304,081,856 Andrew J. McKelvey TMP Worldwide +109,920,055 1,358,394,412 B. Thomas Golisano Paychex +97,606,747 2,149,850,063 *--* Friday's Biggest Losers *--* Chief executive Company Friday's change Total value Keith J.
October 27, 2000 |
Diedrich Coffee Inc.'s new chief executive, J. Michael Jenkins, will receive a base salary of $300,000 a year, according to a document the company filed Thursday with the Securities and Exchange Commission. In addition, Jenkins will receive a guaranteed bonus of $100,000 on the first anniversary of his employment with the Irvine coffee company. Subsequent bonuses will be based on specific objectives and targets. Jenkins also received options to purchase 500,000 shares of Diedrich common stock.
September 13, 2000 |
Oracle Corp. Chairman and Chief Executive Larry Ellison received options to buy 20 million shares of stock in the world's largest maker of database software as part of a new plan that gives him a single large option grant and no salary. Ellison, 56, received $208,000 in salary and no bonus for its fiscal year ended May 31, according to a company filing with the Securities and Exchange Commission.
August 15, 2000 |
Xerox Corp., the world's largest copier company, will pay ousted Chief Executive Richard Thoman $800,000 a year for life, according to a filing with the Securities and Exchange Commission. Xerox also will pay Thoman, who was fired in May after a little more than a year as CEO, a cash payment of $200,000 in lieu of a continuation of life-insurance benefits, and $375,000 as a prorated 2000 bonus in February of next year.
July 5, 2000 |
If the message got any clearer, you'd hear "Fire me!" echo from the helipads atop downtown Los Angeles. After all, if you want to get rich, there's no better way than getting fired--at least if you're a top officer at a top company. The latest ranking of the most highly compensated chief executives in Southern California serves only to underscore the point. The three highest-paid executives--Robert Annunziata of Global Crossing Ltd., Mark Willes of the former Times Mirror Co.
CALIFORNIA | LOCAL
June 25, 2000 |
A year of reform and reorganization at the Los Angeles Unified School District is significantly raising the salaries of top executives as well as increasing the number of people who can earn in the six-figure range, a Times analysis has found. At the same time, a gradual mushrooming of jobs in the 11 new subdistricts has apparently wiped out initial projections that the reorganization would trim hundreds of jobs.
June 23, 2000 |
The owner-operator of Knott's Berry Farm and Soak City U.S.A. in Buena Park said Thursday that it is changing its general partner fee and executive compensation plan to reduce cash payments and replace them with company stock and options. Cedar Fair LP, which owns and operates five amusement parks and four water parks nationwide, said it is seeking to eliminate fees paid to general partners retroactive to Jan. 1. The publicly traded partnership will make an $8.
June 15, 2000 |
Capital Pacific Holdings Inc. raised the bonuses awarded to two senior executives by at least 92% for the luxury home builder's last fiscal year, according to a document the company filed Wednesday with the Securities and Exchange Commission. Chief Executive Hadi Makarechian received a bonus of $598,000 for the year ended Feb. 29, a 92% increase above the $312,560 he got the previous year. The bonus for Chief Financial Officer Steven O. Spelman Jr.