TITLE

Havertys restoring top execs' base salaries

PUB. DATE
December 2009
SOURCE
Furniture/Today;12/21/2009, Vol. 34 Issue 16, p35
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision by Atlanta, Georgia's furniture firm Haverty Furniture Cos. Inc. to restore the compensation of its top two executives to their 2007 levels in 2010. It mentions that salaries for president and chief executive officer Clarence Smith will be 450,000 dollars and for executive vice president and chief financial officer Dennis Fink will be 330,000 dollars. It states that both took 20% pay cut to save money during the difficult business environment in 2009.
ACCESSION #
47638558

 

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