Legg Mason Chairman Raymond Mason's 2008 pay falls 40% to $8.1M
Legg Mason reports 2008 executive compensation
By ExecPay News
Published: June 24, 2008
Legg Mason reported fiscal year 2008 executive compensation information on June 24, 2008.
In 2008, six Legg Mason executives received on average a compensation package of $4.2M, a 29% decrease compared to previous year.
Average pay of disclosed executives at Legg Mason
Raymond A. Mason, Chairman, received $8.1M in total, which decreased by 40% compared to 2007. 67% of Mason's compensation, or $5.4M, was in option awards. Mason also received $2M in bonus, $500K in salary, $107K in stock awards, as well as $96K in other compensation.
Mark R. Fetting, Chief Executive Officer, received a compensation package of $4.7M, which decreased by 7% compared to previous year. 41% of the compensation package, or $1.9M, was in bonus.
Mike Abbaei, Former Executive Vice President, earned $4.3M in 2008.
Peter L. Bain, Former Senior Executive Vice President, received $4.1M in 2008, which increases by 1% compared to 2007.
Charles J. Daley, Jr, Chief Financial Officer, earned $2.3M in 2008, a 5% increase compared to previous year.
F. Barry Bilson, Senior Vice President, received $1.4M in 2008.
Legg Mason's fiscal year ends on March 31.
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Source: SEC filing on June 24, 2008.