By Peter Lavelle
Thursday 11 March 10:48 GMT
The CEO of ink cartridge manufacturer Lexmark Paul Curlander received a $2.2m total salary in 2009, down 36% from 2008, according to figures compiled by Associated Press. Curlander’s $1m basic salary did not decrease in 2009 from the previous year: however, last year he did not receive stocks and options compensation. In 2008 he received a $3.4m total pay packet – including performance-based stocks and options.
Curlander has served as CEO at Lexmark since 1999, when original helmsman Marvin Mann retired the position. Until recently, Mann retained a seat on Lexmark’s board of directors.
Lexmark posted $3.88bn in revenue in 2009, and $145.9m profit. The ink cartridge maker was created almost 20 years ago as a spin-off from IBM.
Sources
Anonymous, ‘Former CEO Leaving Lexmark Board: Mann Leaves With ‘Mixed Emotions,’ TradingMarkets.com, 8 March 2010.
Marley Seaman, ‘Lexmark CEO Gets 2009 Pay Of $2.2m, Down 36 pct.,’ BusinessWeek.com, 9 March 2010.
Thursday 11 March 10:48 GMT
The CEO of ink cartridge manufacturer Lexmark Paul Curlander received a $2.2m total salary in 2009, down 36% from 2008, according to figures compiled by Associated Press. Curlander’s $1m basic salary did not decrease in 2009 from the previous year: however, last year he did not receive stocks and options compensation. In 2008 he received a $3.4m total pay packet – including performance-based stocks and options.
Curlander has served as CEO at Lexmark since 1999, when original helmsman Marvin Mann retired the position. Until recently, Mann retained a seat on Lexmark’s board of directors.
Lexmark posted $3.88bn in revenue in 2009, and $145.9m profit. The ink cartridge maker was created almost 20 years ago as a spin-off from IBM.
Sources
Anonymous, ‘Former CEO Leaving Lexmark Board: Mann Leaves With ‘Mixed Emotions,’ TradingMarkets.com, 8 March 2010.
Marley Seaman, ‘Lexmark CEO Gets 2009 Pay Of $2.2m, Down 36 pct.,’ BusinessWeek.com, 9 March 2010.
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