Vornado Realty Trust Chairman Steven Roth's 2008 pay jumps 108% to $11M
Vornado Realty Trust reports 2008 executive compensation
By ExecPay News
Published: April 3, 2009
Vornado Realty Trust reported fiscal year 2008 executive compensation information on April 3, 2009.
In 2008, six executives at Vornado Realty Trust received on average a compensation package of $6.9M, a 47% increase compared to previous year.
Average pay of disclosed executives at Vornado Realty Trust
Steven Roth, Chairman, received $11M in total, which increased by 108% compared to 2007. 48% of Roth's compensation, or $5.6M, was in stock awards. Roth also received $3.8K in bonus, $134K of change in pension value and nonqualified deferred compensation earnings, $4.5M in option awards, $1M in salary, as well as $274K in other compensation.
Michael D. Fascitelli, Chief Executive Officer, received a compensation package of $11M, which increased by 111% compared to previous year. 49% of the compensation package, or $5.6M, was in stock awards.
David R. Greenbaum, President New York Office Division, earned $6.5M in 2008, a 134% increase compared to previous year.
Michelle Felman, Executive Vice President Acquisitions, received $4.4M in 2008.
Joseph Macnow, Chief Financial Officer, earned $4.2M in 2008, a 65% increase compared to previous year.
Sandeep Mathrani, Executive Vice President Retail Division, received $3.8M in 2008, which decreases by 49% compared to 2007.
Related executives
David Greenbaum
Vornado Realty Trust
President New York Office Division
Steven Roth
Vornado Realty Trust
Chairman
Michael Fascitelli
Vornado Realty Trust
Chief Executive Officer
Joseph Macnow
Vornado Realty Trust
Chief Financial Officer
Michelle Felman
Vornado Realty Trust
Executive Vice President Acquisitions
Sandeep Mathrani
Vornado Realty Trust
Executive Vice President Retail Division
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Source: SEC filing on April 3, 2009.