Options lead to big paydays for top executives

McIntosh, Jay
July 2004
Furniture/Today;7/26/2004, Vol. 28 Issue 46, p12
Trade Publication
Reports on several U.S. furniture industry executives who boosted their compensation by exercising their stock options in 2003. Purpose of granting stock options to executives; Total compensation of Charlie Eitel, chairman and CEO of Simmons; Value of options exercised by W. Howard Lester of Williams-Sonoma; Decline in the compensation of Masco chairman and CEO Richard Manoogian.


Related Articles

  • Stock options fuel executive pay. McIntosh, Jay // Furniture/Today;08/07/2000, Vol. 24 Issue 47, p28 

    Focuses on the prevalence of stock options as the key compensation for most of the highest-paid executives in the furniture industry in the United States. Top executive exercising stock options; Method of employers of linking pay to performance; Basis for giving the compensation.

  • Masco chief tops '04 salary scorecard. Mclntosh, lay // Furniture/Today;8/22/2005, Vol. 29 Issue 49, p12 

    This article reports that Masco's Richard Manoogian, long-time leader of one of the furniture industry's most profitable companies, was the only eight-figure earner on the 2004 salary scorecard of the journal "Furniture/Today" with total compensation of $15.7 million. This year's list of the...

  • Remove the Executive Salary Cap. Wellman, David // Frozen Food Age;Nov2002, Vol. 51 Issue 4, p8 

    Comments on the issue regarding the salary of top corporate executives. Practices of several companies; Effort to control excessive executive compensation; Use of stock options as a form of executive compensation.

  • In bull market, options make it hard to quit. Chase, Brett // American Banker;10/28/1997, Vol. 162 Issue 208, p6 

    Points out the effectiveness of stock options as a tool for retaining senior managers. Executives' anticipation of a huge payout when their companies sell; Increase in the number of companies that include stock as a significant portion of pay; Trend among banks to push stock options down to all...

  • The Sprint scandal. Engebretson, Joan // America's Network;3/1/2003, Vol. 107 Issue 4, p6 

    Comments on the reform of executive compensation in the U.S. Amount saved by firms in exercising stock options by executives; Value of the Sprint shares; Effort of executives to avoid lavishing stock options.

  • A new compensation base. B é rub é, G é rard // CA Magazine;Jan/Feb2002, Vol. 135 Issue 1, p6 

    Focuses on the debate on executive stock option programs in Canada in 2002. Results of a July 2001 survey conducted by Hay Group among private and public sector organizations; Percentage of senior management in 2001 who qualified for annual bonus programs based on productivity gains; Concept of...

  • Why `phantom' shares are, in effect, golden handcuffs. Laurence, Michael // BRW;10/17/94, Vol. 16 Issue 40, p112 

    Reports on the increasing popularity of phantom shares as an executive incentive scheme in Australia. Offer of incentive payments to senior management over the long term; Concept of phantom shares; Reasons why employers do not issue actual shares in their businesses; Encouragement of executives...

  • Simmons deal shows Eitel team has answers. Perry, David // Furniture/Today;12/1/2003, Vol. 28 Issue 13, p50 

    Presents a column describing the business expertise and literary skill of writer Charlie Eitel who commented on the business deal of Simmons Co., a furniture industry in the U.S. Views of Eitel on the performance of the company; Challenges faced by the company; Sales deal of Simmons in the...

  • Manoogian gets $1, plus.  // Furniture/Today;08/07/2000, Vol. 24 Issue 47, p31 

    Reports the increase in the salary of Masco executive Richard Manoogian in Taylor, Michigan. Effectivity of the unusual pay plan; Request of Manoogian to cut the pay due to the company's low stock price; Basis for the executive's bonus.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics