Progress Software CEO Joseph Alsop's 2008 pay falls 22% to $2.1M
Progress Software reports 2008 executive compensation
By ExecPay News
Published: April 10, 2009
Progress Software reported fiscal year 2008 executive compensation information on April 10, 2009.
In 2008, six executives at Progress Software received on average a compensation package of $1.1M, a 34% decrease compared to previous year.
Average pay of disclosed executives at Progress Software
Joseph W. Alsop, Chief Executive Officer, received $2.1M in total, which decreased by 22% compared to 2007. 71% of Alsop's compensation, or $1.5M, was in option awards. Alsop also received $205K in non-equity incentive plan, $350K in salary, as well as $40K in other compensation.
David G. Ireland, Executive Vice President, received a compensation package of $1.4M, which decreased by 20% compared to previous year. 63% of the compensation package, or $891K, was in option awards.
Richard D. Reidy, Chief Executive Officer, earned $1.3M in 2008, a 5% decrease compared to previous year.
Norman R. Robertson, Chief Financial Officer, received $936K in 2008, which decreases by 38% compared to 2007.
Jeffrey P. Stamen, Senior Vice President, Corporate Development and Strategy, earned $808K in 2008, a 21% decrease compared to previous year.
Gary G. Conway, Chief Marketing Officer, received $55K in 2008.
Progress Software's fiscal year ends on November 30.
Related executives
Richard Reidy
Progress Software
Chief Executive Officer
Norman Robertson
Progress Software
Chief Financial Officer
Gary Conway
Progress Software
Chief Marketing Officer
David Ireland
Progress Software
Executive Vice President
Jeffrey Stamen
Progress Software
Senior Vice President, Corporate Development and Strategy
Joseph Alsop
Progress Software
Chief Executive Officer
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Source: SEC filing on April 10, 2009.