Bennett also received $451,875 in non-equity incentive compensation. As a new executive, he received $381,000 in other compensation that included $236,519 for incremental costs for one-round trip per week on the company's jet airplane from his home to Block's Kansas City, Mo., headquarters during his first six months on the job.
Meanwhile, compensation for C.E. Andrews, president of the sluggishly performing RSM McGladrey took a dive. Andrews pay for fiscal 2011 was $674,435, down one third from just over a million in fiscal 2010. The drop stemmed from the fact that he received no bonus for the most recently ended year, but had a bonus of $336,000 the prior year. It wasn't completely bad news. Andrews' base was boosted to $525,000, up 16.2 percent from $451,635 in 2010.
Andrews wasn't the only named executive to receive no bonus. SVP and chief marketing officer Robert Turtledove pulled in $654,752 last year, up 43 percent from $457,045 for fiscal 2010. While Turtledove was not awarded a bonus for either year, his base pay rose to $300,000, up from $212,500. He also had $190,500 from the non-equity incentive plan.
With the changes that have swirled around Block, Bennett and two others did not have prior pay to report in their current positions. That includes CFO Jeffrey T. Brown who made $809,050 in total pay that included an annual base of $320,326. Brown also received $209,520 in non-equity incentive compensation, a stock award of $80,009, and option awards of $177,192.
Philip L. Mazzini, president of the company's retail tax group, had 2011 compensation of $940,364 that started with an annual base of $348,296. The other major chunks were $304,800 in non-equity incentive compensation, an option award valued at $177,192 and a stock award of $80,009.
