Affiliated Managers Group chief executive Sean M. Healey earned $18 million in total compensation last year, up 73 percent from the previous year.
The Beverly asset management company said Healey’s base salary remained steady at $750,000 and his cash incentive pay declined slightly to $5 million. But his pay was bolstered by $7 million in restricted stock, up from nothing in 2008 and 2009. The shares, part of a five-year retention plan for key executives, vest over more than four years and require him to hit certain performance targets. He also received $5.1 million in stock options last year, up from $4 million in 2008. Healey, 48, still earned less last year than he did in 2007, when he earned $20.9 million....
I'm getting out my checkbook right now.
Other AMG officers also received pay hikes because of the company’s retention plan.
So THAT is the EXCUSE to LOOT now, huh? Gotta keep 'em!
Chief financial officer Darrell W. Crate’s compensation rose from $5.4 million in 2008 to $9.2 million last year. And chief operating officer Nathaniel Dalton received a similar pay increase of $5.3 million.
How many firefighters, teachers, and cops could be kept on the payroll?
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