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Former Block CEO's Pay Up 22.6%

William Cobb, former CEO H&R BlockIn his last year on the job, William Cobb, the recently retired CEO of H&R Block saw a 22.6-percent rise in compensation. Cobb, who left on July 31, was given slightly more than $8 million for the year ended April 30, up from $6.6 million the year before. The company reported its executive pay for fiscal 2017 to the SEC recently, with a list that is rapidly changing.

Non-equity incentive compensation of $1.5 million was the reason for the increase for Cobb. He received no award in that category in fiscal 2016 and last year's pay was down from $7.7 million in fiscal 2015 because of that.

Chief counsel Thomas A. Gerke, who is serving as acting CEO, received $2.2 million in fiscal 2017, an increase of $18,000 from fiscal 2016.

The list of named executives includes two others no longer with the tax services company: Jason Houseworth, the chief innovation officer who departed on April 30, and Gregory J. Macfarlane, former SVP of U.S. retail products and operations who left on December 30. Houseworth, with Block since May 2010, was given $2.5 million in compensation for the most recently ended year, an 83.5-percent increase from $1.35 million the prior year. His total included severance pay of $735,000. Macfarlane's compensation was sharply impacted by his departure, which had him forfeiting equity awards. His final total was $1.6 million.

Among the others, CFO Tony Bowen received $1.7 million. He joined Block on May 1, 2016. Kathryn Collins, chief marketing and strategy officer, was paid $1.2 million. Collins was named an executive officer on the same date.

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