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Reply #2: and that move to Merrill Lynch was so good too! - NYSE's bonus is only $5 mil [View All]

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UpInArms

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Fri Nov-16-07 06:30 PM
Response to Reply #1

2. and that move to Merrill Lynch was so good too! - NYSE's bonus is only $5 mil

NYSE to pay new CEO $1 mln salary; up to $5 mln bonus in '08

SAN FRANCISCO (MarketWatch) -- NYSE Euronext (NYX) will pay in-coming Chief Executive Duncan Niederauer a $1 million annual salary and a 2008 bonus of up to $5 million, according to a regulatory filing by the exchange operator. The bonus will be split evenly between cash and equity and the form of equity will be determined by the board's human resource and compensation committe, the NYSE explained. The performance criteria for Niederauer's bonus will be set each year by the board, the company added in the filing.

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