Masco COO Alan Barry's 2007 pay jumps 124% to $15M
Masco reports 2007 executive compensation
By ExecPay News
Published: April 7, 2008
Masco reported fiscal year 2007 executive compensation information on April 7, 2008.
In 2007, eight Masco executives received on average a compensation package of $7.4M, a 30% increase compared to previous year.
Average pay of disclosed executives at Masco
Alan H. Barry, Chief Operating Officer, received $15M in total, which increased by 124% compared to 2006. 53% of Barry's compensation, or $8.1M, was in option awards. Barry also received $1M in bonus, $1M in non-equity incentive plan, $1M in salary, $3.9M in stock awards, as well as $198K in other compensation.
Timothy Wadhams, Chief Executive Officer, received a compensation package of $14M, which increased by 508% compared to previous year. 43% of the compensation package, or $6.2M, was in stock awards.
Richard A. Manoogian, Chairman, earned $9.7M in 2007, a 44% decrease compared to previous year.
Donald J. DeMarie, Jr, Chief Operating Officer, received $8.9M in 2007.
John R. Leekley, General Counsel, earned $3.6M in 2007, a 33% increase compared to previous year.
John G. Sznewajs, Chief Financial Officer, received $3M in 2007.
Daniel R. Foley, Retired Vice President — Human Resources, earned $2.5M in 2007, a 11% increase compared to previous year.
Eugene A. Gargaro, Jr, Secretary, received $2.2M in 2007.
Related executives
Timothy Wadhams
Masco
Chief Executive Officer
John Sznewajs
Masco
Chief Financial Officer
Donald DeMarie
Masco
Chief Operating Officer
Richard Manoogian
Masco
Chairman
Alan Barry
Masco
Chief Operating Officer
Daniel Foley
Masco
Retired Vice President — Human Resources
John Leekley
Masco
General Counsel
Eugene Gargaro
Masco
Secretary
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Source: SEC filing on April 7, 2008.