World Fuel Services COO Michael Kasbar's 2008 pay jumps 636% to $4.5M
World Fuel Services reports 2008 executive compensation
By ExecPay News
Published: April 27, 2009
World Fuel Services reported fiscal year 2008 executive compensation information on April 27, 2009.
In 2008, five executives at World Fuel Services received on average a compensation package of $2.9M, a 320% increase compared to previous year.
Average pay of disclosed executives at World Fuel Services
Michael J. Kasbar, Chief Operating Officer, received $4.5M in total, which increased by 636% compared to 2007. 40% of Kasbar's compensation, or $1.8M, was in stock awards. Kasbar also received $450K in bonus, $8K of change in pension value and nonqualified deferred compensation earnings, $1.3M in non-equity incentive plan, $361K in option awards, $575K in salary, as well as $48K in other compensation.
Paul H. Stebbins, Chief Executive Officer, received a compensation package of $4.5M, which increased by 646% compared to previous year. 40% of the compensation package, or $1.8M, was in stock awards.
Michael S. Clementi, Aviation Segment President, World Fuel Services, Inc, earned $2.4M in 2008, a 370% increase compared to previous year.
Ira M. Birns, Chief Financial Officer, received $1.8M in 2008, which increases by 28% compared to 2007.
Francis X. Shea, Executive Vice President and Chief Risk and Administrative Officer, earned $1.3M in 2008, a 267% increase compared to previous year.
Related executives
Paul Stebbins
World Fuel Services
Chief Executive Officer
Michael Kasbar
World Fuel Services
Chief Executive Officer
Ira Birns
World Fuel Services
Chief Financial Officer
Michael Clementi
World Fuel Services
Aviation Segment President, World Fuel Services, Inc
Francis Shea
World Fuel Services
Executive Vice President and Chief Risk Administrative Officer
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Source: SEC filing on April 27, 2009.