MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, May 18, 2004 Janus CEO Gets Options Steven Scheid, the new CEO of Janus Capital Group, Inc., announced in a conference call last month that he planned to set a corporate example with his pay package. Not only would he take home considerably less than predecessor Mark Whiston, who earned $4 million in 2003, but his compensation would be more closely tied to company performance. Now details are out on that promise to tie pay to long-term incentives. Scheid was granted 54,833 shares of restricted Janus stock with a four-year vesting schedule beginning next March. He was also granted 319,019 stock options with a 10-year term and $14.59 exercise price. One-fifth of the options vest annually, also beginning in March 2005. Shares of Janus opened on the NYSE at $14.80 on Tuesday and have a one-year estimated target of $18.06. Printed from: MFWire.com/story.asp?s=7219 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |