MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, March 2, 2012 "Say on Pay" Bites Janus' Weil Dick Weil's pay dropped substantially last year, perhaps thanks to shareholder vote. Janus Capital Group revealed yesterday in a proxy filing that their CEO's compensation fell to $6.15 million in 2011, down from $20.34 million in 2010, and that new compensation guidelines will be put in place. Reuters reported on the news and noted that the changes came after Janus lost a non-binding shareholder "Say on Pay" vote. "We take our fiduciary responsibilities to our shareholders very seriously," Weil said in a separate filing discussing the changes. Janus paid Weil a $10-million signing bonus in 2010. Yet even excluding that bonus, Weil's pay still fell 40 percent in 2011. Printed from: MFWire.com/story.asp?s=39354 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |