重读2007年华尔街的报道,Lehmand Bro.CEO Richard Fuld 获2千2百万奖金(原因:领导Lehman在次贷风波中比其它公司表现要好,去年Lehman 股价涨84%,这是华尔街的"三鹿事件")
"During fiscal 2007, Lehman shares surged about 84 percent. The stock climbed from a low of $47.51 in November 2006 to close the year at $87.53."
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NEW YORK (AP) -- Lehman Brothers Inc. Chairman and Chief Executive Richard Fuld received compensation valued at $22.1 million in 2007, a year in which the company weathered the subprime mortgage collapse better than its rivals.
Of the total, Lehman (LEH, Fortune 500) noted that $7.5 million in stock awards granted during fiscal 2007 are considered compensation for fiscal 2006, according to the Securities and Exchange Commission filing. That reduces his adjusted compensation for the year to about $14.6 million.
The filing said Fuld received an additional $9.4 million in stock awards on the same day as part of his fiscal 2007 compensation.
In addition, the CEO was awarded $750,000 in salary and a performance related bonus of roughly $4.3 million. Other compensation totaled $153,169. Lehman said it does not generally offer special perquisites or other personal benefits to executives.
The AP's total pay calculations include executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the Securities and Exchange Commission.
Apart from his 2007 compensation, Fuld realized about $40.3 million from exercising stock options and $26.5 million from vesting stock awards.
In determining Fuld's compensation, Lehman said its compensation committee was influenced by "his role in leading the company through the challenging market environment," as well as fiscal 2007 performance.
Fuld has come out of the credit crisis relative unscathed so far compared to come of his competitors. Jimmy Cayne, the longtime leader of Bear Stearns (BSC, Fortune 500) Cos., was forced to give up the CEO title to remain chairman; while Merrill Lynch & Co. (MER, Fortune 500) CEO Stanley O'Neal was ousted.
Morgan Stanley CEO John Mack passed up his bonus after racking up steep write-downs in 2007, as did Cayne and other top Bear Stearns executives. Goldman Sachs Group Inc.'s Lloyd Blankfein, the highest-paid CEO among the investment banks, received a $68.5 million pay package.
Goldman Sachs (GS, Fortune 500) was able to largely avoid the mortgage-losses that plagued its competitors, leading it to post record profits during the year. Goldman Sachs posted $3.17 billion in profit in its fourth quarter alone, far surpassing its peers.
Fuld led Lehman Brothers to a $870 million profit during the period despite suffering $1.3 billion worth of write downs.
Lehman, the largest U.S. underwriter of mortgage-backed bonds, relied on strength in its equities business to weather losses related to the subprime mortgage collapse. The investment house was able to offset most of a $3.5 billion writedown.
During fiscal 2007, Lehman shares surged about 84 percent. The stock climbed from a low of $47.51 in November 2006 to close the year at $87.53.
"During fiscal 2007, Lehman shares surged about 84 percent. The stock climbed from a low of $47.51 in November 2006 to close the year at $87.53."
---------------------------------------------------------
NEW YORK (AP) -- Lehman Brothers Inc. Chairman and Chief Executive Richard Fuld received compensation valued at $22.1 million in 2007, a year in which the company weathered the subprime mortgage collapse better than its rivals.
Of the total, Lehman (LEH, Fortune 500) noted that $7.5 million in stock awards granted during fiscal 2007 are considered compensation for fiscal 2006, according to the Securities and Exchange Commission filing. That reduces his adjusted compensation for the year to about $14.6 million.
The filing said Fuld received an additional $9.4 million in stock awards on the same day as part of his fiscal 2007 compensation.
In addition, the CEO was awarded $750,000 in salary and a performance related bonus of roughly $4.3 million. Other compensation totaled $153,169. Lehman said it does not generally offer special perquisites or other personal benefits to executives.
The AP's total pay calculations include executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the Securities and Exchange Commission.
Apart from his 2007 compensation, Fuld realized about $40.3 million from exercising stock options and $26.5 million from vesting stock awards.
In determining Fuld's compensation, Lehman said its compensation committee was influenced by "his role in leading the company through the challenging market environment," as well as fiscal 2007 performance.
Fuld has come out of the credit crisis relative unscathed so far compared to come of his competitors. Jimmy Cayne, the longtime leader of Bear Stearns (BSC, Fortune 500) Cos., was forced to give up the CEO title to remain chairman; while Merrill Lynch & Co. (MER, Fortune 500) CEO Stanley O'Neal was ousted.
Morgan Stanley CEO John Mack passed up his bonus after racking up steep write-downs in 2007, as did Cayne and other top Bear Stearns executives. Goldman Sachs Group Inc.'s Lloyd Blankfein, the highest-paid CEO among the investment banks, received a $68.5 million pay package.
Goldman Sachs (GS, Fortune 500) was able to largely avoid the mortgage-losses that plagued its competitors, leading it to post record profits during the year. Goldman Sachs posted $3.17 billion in profit in its fourth quarter alone, far surpassing its peers.
Fuld led Lehman Brothers to a $870 million profit during the period despite suffering $1.3 billion worth of write downs.
Lehman, the largest U.S. underwriter of mortgage-backed bonds, relied on strength in its equities business to weather losses related to the subprime mortgage collapse. The investment house was able to offset most of a $3.5 billion writedown.
During fiscal 2007, Lehman shares surged about 84 percent. The stock climbed from a low of $47.51 in November 2006 to close the year at $87.53.
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