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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.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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