Scholastic CEO Richard Robinson's 2008 pay jumps 187% to $5M
Scholastic reports 2008 executive compensation
By ExecPay News
Published: August 11, 2008
Scholastic reported fiscal year 2008 executive compensation information on August 11, 2008.
In 2008, eight Scholastic executives received on average a compensation package of $2M, a 81% increase compared to previous year.
Average pay of disclosed executives at Scholastic
Richard Robinson, Chief Executive Officer, received $5M in total, which increased by 187% compared to 2007. 68% of Robinson's compensation, or $3.4M, was in option awards. Robinson also received $610K in non-equity incentive plan, $870K in salary, as well as $85K in other compensation.
Maureen O'Connell, Chief Financial Officer, received a compensation package of $2.6M, which increased by 628% compared to previous year. 52% of the compensation package, or $1.4M, was in option awards.
Judith Newman, Executive Vice President and President, Scholastic, earned $2.5M in 2008.
Margery Mayer, Executive Vice President and President, Scholastic Education, received $1.6M in 2008, which increases by 100% compared to 2007.
Book Clubs Margery Mayer, Executive Vice President and President, Scholastic Education, earned $1.1M in 2008, a 35% increase compared to previous year.
Deborah A. Forte, Executive Vice President and President, Scholastic Media, received $1.1M in 2008, which increases by 15% compared to 2007.
Lisa Holton, Former Executive Vice President and President, Book Fairs and Trade, earned $982K in 2008, a 24% increase compared to previous year.
Hugh Roome, Executive Vice President and President, International, received $887K in 2008.
Scholastic's fiscal year ends on May 31.
Related executives
Hugh Roome
Scholastic
Executive Vice President and President, International
Deborah Forte
Scholastic
Executive Vice President and President, Scholastic Media
Lisa Holton
Scholastic
Former Executive Vice President and President, Book Fairs and Trade
Book Mayer
Scholastic
Executive Vice President and President, Scholastic Education
Richard Robinson
Scholastic
Chief Executive Officer
Maureen O'Connell
Scholastic
Chief Financial Officer
Margery Mayer
Scholastic
Executive Vice President and President, Scholastic
Judith Newman
Scholastic
Executive Vice President and President, Scholastic Book Clubs
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Source: SEC filing on August 11, 2008.