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Article: Pico's new proxy has eye-popping salary packages.(PUBLIC COMPANIES)(PICO Holdings Inc.)
- Article from:
- San Diego Business Journal
- Article date:
- April 30, 2007
- Author:
CopyrightCOPYRIGHT 2007 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Pico Execs Saw Nice Pay Surge In 2005: The new proxy reports required by securities regulators are generating interesting reading, at least for concerned shareholders.
Pico Holdings, a local firm with limited name recognition because its operations are outside the county, recently filed its proxy showing it paid its top two executives, Chairman Ron Langley and President and CEO John Hart a combined $33.4 million in salary, bonuses, and other compensation for 2005.
The biggest piece of the pay packages came from the "all other compensation" category, where Langley and Hart each gained on the conversion of stock appreciation rights collected over a dozen ...