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Executives Wages And Salaries

BUSINESS
April 8, 2000 | Reuters
Xerox Corp. did not pay its top executives any bonuses last year because of the company's disappointing financial performance, Xerox disclosed in a filing with the Securities and Exchange Commission. Chairman Paul Allaire, 61, earned an annual salary of $975,000 in both 1998 and 1999, the company said. President and Chief Executive Rick Thoman, 55, had his salary increased to $900,000 in 1999 from $700,000 in 1998.
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BUSINESS
March 29, 2000 | DENISE GELLENE, TIMES STAFF WRITER
Corporate executives who leap to Internet start-ups in search of the big stock payoff increasingly are taking home fat paychecks too. Competition for experienced managers is pushing up salaries at new-media firms in Los Angeles, where a pile of potentially valuable stock options is no longer enough to attract top talent.
BUSINESS
March 22, 2000 | MICHAEL A. HILTZIK and JAMES BATES, TIMES STAFF WRITERS
The merger agreement between Times Mirror and Tribune companies was accomplished only after a dramatic board-level battle pitting the Chandler family against non-family directors of Times Mirror, according to a document made public Tuesday. The battle was waged over the non-family directors' belief that the Chandlers had made a deal with Tribune that benefited themselves at the expense of other shareholders.
BUSINESS
March 18, 2000 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
When Global Crossing Chief Executive Robert Annunziata abruptly left the telecommunications firm a few weeks ago, sources said he was departing with a "generous" severance package. They weren't kidding. Annunziata received more than $160 million in total compensation for 1999, including his salary, bonuses, severance and gains on millions of options for company stock, according to a financial filing made public Friday.
BUSINESS
February 26, 2000 | Bloomberg News
USA Networks Inc. paid President Barry Baker $48.1 million in his first year on the job in 1999, when he was brought on to help Chairman Barry Diller expand the company in electronic commerce and television. Most of the payment came from options that are valued at $40.6 million if USA Networks stock rises 5% a year until the options expire in 2009, according to a proxy filed Thursday with the Securities and Exchange Commission.
BUSINESS
February 24, 2000 | LESLIE EARNEST, TIMES STAFF WRITER
With Quiksilver Inc.'s profits swelling by 48% over the last fiscal year, the surfwear maker's boss is getting a financial pat on the pack--a 50% boost in his salary. Chief Executive Robert McKnight Jr.'s annual salary has risen to $600,000 as of Feb. 1, from $400,000 last year, according to a document filed Wednesday with the Securities and Exchange Commission. McKnight also earned a $1.2-million bonus in 1999, which was tied to the company's performance.
BUSINESS
February 19, 2000 | Bloomberg News
Applied Materials Inc. raised Chairman and Chief Executive James Morgan's bonus nearly fivefold after shares of the biggest semiconductor-equipment maker almost tripled last year. Morgan received a $1.27-million bonus in fiscal year 1999, up from $264,190 in 1998, the company said in a filing with the Securities and Exchange Commission.
BUSINESS
January 20, 2000 | JOSEPH MENN, TIMES STAFF WRITER
In what may be the most generous compensation package in business history, Apple Computer rewarded Chief Executive Steve Jobs with stock options that on paper earned him more than $200 million in the last week. Jobs has been taking an annual salary of $1 during two years of engineering a remarkable turnaround at the once-ailing computer company. Apple shares have more than tripled in 10 months and the company reported strong earnings again Wednesday, its ninth straight profitable quarter.
BUSINESS
January 6, 2000 | JAMES BATES, TIMES STAFF WRITER
As with the saying from Walt Disney Co.'s "Toy Story" films, Michael Eisner's compensation used to seem like it soared to infinity and beyond, especially since it reached $576 million one year. Not so anymore. In a reflection of the Burbank-based entertainment giant's sagging financial performance and lackluster stock price, the Disney chief executive and three other top corporate officers were shut out when it came to bonuses for the fiscal year that ended Sept.
BUSINESS
December 31, 1999 | Bloomberg News, Times Staff
TheStreet.com Inc. founder and columnist James Cramer, never known to shy away from publicity, pulled out all the PR stops Thursday in a bid to breathe life into his company's ailing stock. The financial news Web site said Cramer will give up his $275,000 salary next year and instead take options for 30,000 shares in hopes the stock will recover. Cramer's options give him the right to buy TheStreet.com shares at $19 each. His options will vest in one year. The stock got a lift, rising $2.
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