Last modified on Sunday, 02 June 2013
CBIZ Exec Pay Down for 2010
Compensation for five top executives of CBiz dropped in 2010 as base pay held steady and stock, option and non-equity incentive pay dropped. The overall declines ranged from a drop 2.6 percent to 7.8 percent down. Compensation for CEO Steven Gerard fell to $2.2 million for 2010, down from $2.6 million in 2090, a change of minus 5.6 percent. For Gerard, the big change was in the non-equity incentive award which fell to $354,375, off 15.7 percent from $420,190.
The largest percentage drop in pay was for president and COO Jerome P. Grisko Jr., who saw his compensation for the most recently ended year fall by 7.8 percent. Grisko's overall pay for 2010 was $1.4 million, down from $1.5 million. CFO Ware Grove saw the smallest percent drop with his pay for last year falling to $1.02 million from $1.05 million. Compensation for Robert O'Byrne, president of employee services slid by 6 percent to $969,510 from $1.03 million. David Sibits, president of financial services, had $976,865 in pay last year, off by 6.6 percent from $1.05 million in 2009.