In Fort Wayne, Ind., Tokheim's Mr. Pinner says acquiring a fuel-dispenser business was difficult because other suitors were vying for it and financing for such deals came at a very bad time in the market. Mr. McGinn's package strikes others as excessive. One has to wonder how anyone can be worth so much money over a short period, no matter what his performance. William Hamilton, an Owens Corning spokesman, says the special bonuses were the first he had seen in his nearly 30 years at the company. He adds that she and Mr. Cecere, as chief financial officer, had worked tirelessly to negotiate the national settlement with some 80 law firms.
Some directors say they are using special awards to keep CEOs from jumping ship.
The CEO also receives regular stock options tied to the company's stock performance. Inc. All Rights Reserved. By using this site, you agree to the Terms of Use and Privacy Policy .