CEO pay watch: Dolan's Dolan: $641,000

  • Updated: April 4, 2012 - 8:25 PM

CEO PAY WATCH DOLAN CO.

James Dolan, chairman, president, CEO

Total compensation: $641,346 for the year ended Dec. 31

Salary: $540,000

Bonus: $81,000

Other compensation: $20,346

New stock options: 88,000

Total 2011 return to shareholders: -38.9 percent

Note: Dolan's total compensation in 2011 was 20 percent less than 2010 and the second year in a row in which his total compensation decreased.

Executives didn't meet financial targets for the year, but the board awarded Dolan and other executives discretionary bonuses that were 25 percent of target amounts. Performance was 50 to 59 percent of targeted financial goals and below the 80 percent threshold for incentive payouts.

In deciding to give a discretionary bonus, the compensation committee determined that "a number of unforeseeable ... factors beyond the executive officers' control unfolded subsequent to the establishment of the performance targets for 2011 that made those targets unrealistic."

PATRICK KENNEDY

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