Masco CEO Timothy Wadhams' 2008 pay falls 59% to $5.9M
Masco reports 2008 executive compensation
By ExecPay News
Published: April 8, 2009
Masco reported fiscal year 2008 executive compensation information on April 8, 2009.
In 2008, seven Masco executives received on average a compensation package of $3.6M, a 52% decrease compared to previous year.
Average pay of disclosed executives at Masco
Timothy Wadhams, Chief Executive Officer, received $5.9M in total, which decreased by 59% compared to 2007. 51% of Wadhams' compensation, or $3M, was in option awards. Wadhams also received $773K of change in pension value and nonqualified deferred compensation earnings, $935K in salary, $1.1M in stock awards, as well as $92K in other compensation.
John R. Leekley, General Counsel, received a compensation package of $5.6M, which increased by 56% compared to previous year. 37% of the compensation package, or $2.1M, was in option awards.
Richard A. Manoogian, Chairman, earned $5.3M in 2008, a 46% decrease compared to previous year.
Donald J. DeMarie, Jr, Chief Operating Officer, received $3.1M in 2008, which decreases by 65% compared to 2007.
Eugene A. Gargaro, Jr, Secretary, earned $2M in 2008, a 9% decrease compared to previous year.
John G. Sznewajs, Chief Financial Officer, received $1.6M in 2008, which decreases by 45% compared to 2007.
William T. Anderson, Vice President — Controller, earned $1.4M in 2008.
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Source: SEC filing on April 8, 2009.