Jarden boss made $3.98 million in 2008
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- April
- 10
The top executive at Jarden Corp., the consumer products company in Rye, took home $3.98 million last year, a drop from the $22.86 million he made in 2007, the company disclosed in a public filing.
Martin E. Franklin, the chairman and chief executive, made $2 million in salary and received a bonus of $1.5 million. He also received $481,013 in other compensation, which included insurance premiums, imputed taxable income on life and disability policies, personal use of company aircraft, financial consulting fees and other benefits.
But unlike in 2007, Franklin did not receive any stock, options or incentive plan compensation.
In 2007, he received a salary of $1.95 million, a bonus of $2.9 million and stock worth $15.6 million. He also received $1.87 million in non-equity compensation under the company’s incentive plan and $546,076 in so-called other compensation.
Jarden shares fell in value last year along with the rest of the stock market. The stock closed the year at $11.50 a share, down 51.3 percent on the year.
The shares closed Thursday — the last trading day before the Easter weekend — at $15.42.
The company reported the compensation of its executives in an annual proxy statement filed with the U.S. Securities and Exchange Commission.
Jarden brands include Sunbeam, Rawlings sporting goods, Bicycle playing cards and Mr. Coffee.
This entry was posted
on Friday, April 10th, 2009 at 10:46 am by Allan Drury.
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