Yet they employ many area residents. CEO agreed to give up his entire salary and all benefits in exchange for performance-based options.
Salary covers the cost of benefits only.
Otherwise, no salary or bonus is paid. David L. Mahoney also serves as co-CEO at about the same compensation. Neither was CEO in the previous year. Curran became president and CEO on April 1, 1999. In December 1998, he received a one-time grant of 1 million stock options to recognize his new position.