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CEO pay watch: Select Comfort Corp.
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Total compensation: $1,213,954 for the year ended Dec. 31
Salary: $690,000
Non-equity incentive pay: $507,548
Value realized on vesting shares: $16,406
Total return to shareholders: 2,508 percent
Note: Select Comfort recovered from the brink in 2009. The stock price fell below 20 cents per share in December 2008 and was trading below $1.50 per share through July. Select shareholders in August narrowly rejected an offer to sell the firm to a private equity group, and the stock eventually rebounded to a 52-week high of $8.95.
The company execs didn't earn bonuses in 2007 and 2008, but did earn bonuses in 2009 after achieving more modest targets.
Effective Feb. 21, 2008, McLaughlin offered to forgo his annual base salary for the balance of 2008 until the company achieved growth in same-store sales. By the second half of 2009 sales were improving and the company resumed some merit pay increases and restored the matching portion of its 401(k) plan for its employees.
With no bonus and a salary cut, McLaughlin took home only $122,131 in 2008. In 2009 he resumed collecting a salary and earned a $507,548 bonus for 2009.
PATRICK KENNEDY
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