| Retirement Funds Boost ADP Exec Pay |
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| Written by The Progressive Accountant | |||
| Thursday, 30 September 2010 15:26 | |||
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In the case of both Reidy and Butler, their total compensation rose despite the drop in value of stock and option awards received for fiscal 2010. Butler received $3.16 million from those two sources in the last fiscal year, compared to $3.64 million in 2009. Both benefited from increases in the non-equity incentive compensation plan, as did three division presidents who also saw their retirement funds increase sharply. Butler got $2.02 million from that category last year, up 56 percent from $1.3 million the prior year. Reidy's take from the non-equity plan was $557,900 in 2010, up 61 percent from $346,600 in 2009. Division president Regina Lee received $2.21 million in total compensation in 2010, compared to $1.34 million in 2009. Another division president, Carlos Rodriguez, had $2.07 million in total pay in the most recently ended fiscal year, which was an increase from $1.29 million for fiscal 2009. A third division president, Campbell Langdon, received $1.98 million in fiscal 2010. During the year, his position was eliminated and his duties placed under Lee. | |||
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About the Author: Brett Owens is CEO and Co-Founder of Chrometa, a Sacramento, Calif.-based provider of software that records activity in real time. Previously marketed to the legal community, Chrometa is branching out to accounting prospects; gains include the ability to discover previously undocumented billable time, save time on billing reconciliation and improve personal productivity. Brett is also blogger and founder at CommodityBullMarket.com and ContraryInvesting.com, as well as a regular contributor to two leading financial media sites, SeekingAlpha.com and BeforeItsNews.com. |