MutualFundWire.com: Janus CEO Sets Example With Pay
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, April 29, 2004

Janus CEO Sets Example With Pay


Steven Scheid, 50, who succeeded Mark Whiston last week as CEO of Denver-based Janus Capital Group, Inc., will be taking home less than the $4 million his predecessor earned in 2003.

According to Bloomberg, Scheid announced in a recent conference call that his compensation would be more closely tied to company performance, with a larger portion of his pay to be in options.

"A key role I have here is to set the tone at the top, not only around ethical standards but compensation," he said.

A company spokesperson was not immediately available for comment.


Printed from: MFWire.com/story.asp?s=7108

Copyright 2004, InvestmentWires, Inc.
All Rights Reserved
Back to Top