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Article: Weyco's Rogel sees comp fall. (Base Pay Unchanged).(Weyerhaeuser Chairman, President and Chief Executive Steve Rogel saw his compensation drop in 2002)(Brief Article)
- Article from:
- Official Board Markets
- Article date:
- March 8, 2003
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Weyerhaeuser Chairman, President and Chief Executive Steve Rogel saw his compensation, excluding options, fall 23 percent in 2002, to $1.6 million, from $2.1 million a year earlier.
In addition to his compensation, Rogel was granted an option to purchase 175,000 shares, worth $4.1 million based on the Black-Scholes option pricing model, according to a definitive proxy filed last week with the Securities and Exchange Commission.
The Black-Scholes model is used to calculate the value of an option by considering various factors, including the stock price and the expiration date. The options are exercisable ...