Tuesday, December 07, 2004

More on Ted Hall's bonus after Mondavi buyout

Good article by Jerry Hirsch in the L.A. Times (registration required):

"A nonexecutive chairman almost never gets a bonus of any size, let alone one that runs into the millions, said Paul Hodgson, senior researcher at the Corporate Library, a Portland, Maine-based corporate governance research firm.

Typically, Hodgson said, nonexecutive chairmen of Fortune 500 companies earn $250,000 annually and rarely are awarded bonuses.

With $468 million in annual sales, Mondavi is one-seventh the size of Newmont Mining Corp., the smallest company on the Fortune 500 list. (Newmont doesn't have a nonexecutive chairman.)"


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