A sharp drop in non-equity incentive compensation held down compensation for five named executive of H&R Block for fiscal 2020. It was the most significant element in a 15.8-percent decline in pay for CEO Jeff Jones.
Jones received $6.9 million in compensation for the year ended April 30, compared to $8.5 million the prior year. His incentive pay fell to $401,731, off 69.5 percent from $1.3 million for fiscal 2019.
The major components in the awarding of the short-term incentive pay is revenue from continuing operations and pre-tax earnings from continuing operations, each of which is weighted at 40 percent of the award while market share comprises the remaining 20 percent.
Last year’s compensation for CFO Tony Bowen was $2,090,428, an increase of slightly more than $70,000. Thomas Gerke, general counsel and chief administrative officer, saw his remuneration fall to $1,9 million, off 15.6 percent from $2.2 million the prior year. Karen Orosco, SVP of U.S. Retail, had 2.4 percent increase in pay to $1,8 million from $1.78 million. Chief Accounting Officer Kellie Logerwell received $568,003 in 2020, a drop of 11.8 percent from $643,988.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Last modified on Tuesday, 04 August 2020
