CFO Ware Grove had 2009 compensation of $1.05 million, down from $1.08 million, and Robert O'Byrne, president of employee services, saw his pay drop to $1.03 million from $1.09 million. Grove received a 2009 bonus of $28,320, down from $66,500.
The winner among the executives was David Sibits, president of financial services. Sibits's compensation rose to $1.046 million, a 10-percent increase from $950,465 for 2008. That boost was primarily because of an increased stock opstons awarded. Sibits, president of the company's financial services operations, had $177,120 in option awards last year, compared to $79,500 in 2008
Neither O'Byrne nor Sibits received bonuses, but that was not a major source of income for either in 2008. All executives received increases in base pay ranging from $15,000 to $25,000 annually.Last modified on Sunday, 02 June 2013