Still getting the cream Sep 26, 2009
This includes the value realized on vesting of shares, options, pensions and deferred compensation. "CEOs have had many years of benefiting from the whole of the upside of a bull market," said Hodgson. (iAfrica.com)
Union charges Palo Alto with violating law Sep 26, 2009
5 million from Council for his new house and his $37,000 in free deferred compensation, plus a $600 per month car allowance. A 5% paycut at his salary only saves taxes for him. (Palo Alto Online, CA)
ACORN Faces Massive New Investigations Sep 18, 2009
All "documents, financial transactions, and records" that detail all funds received by Dale and Wade Rathke in any form, including loans, benefits, use of property, and deferred compensation, dating back to 1998. All state and federal income tax returns since 1998, for ACORN and all of its related affiliates. (Newsmax)
Government-at-a-Glance 09/14/09 Sep 14, 2009
Other action: Approved a contract with City Manager Mark Peterson that provides a 3 percent raise, taking his salary to $140,530; extends his contract to March 31, 2011; and provides a $15,000 annual contribution to his deferred compensation plan. Liquor commission issues fines, license. (The Pantagraph newspaper)
• Jerome commission ponders new retirement plan Sep 10, 2009
Jason Daum, of the Idaho Deferred Compensation Plan, told the commission that the "457 plan" is similar to a 401K, but is only available to public employees. He explained that the program was developed for professional firefighters and law enforcement personnel that routinely retire before they turn 59. (Burley South Idaho Press, ID)
AIG, Greenberg agree to arbitrate lawsuit Sep 2, 2009
AIG had argued that Starr International breached a verbal agreement in the early 1970s in which Starr pledged its AIG shares to fund a long-term deferred compensation scheme for top AIG executives. The US judge in New York rejected the claim, reaffirming a jurys July ruling on the matter. (The Star Online, Malaysia -- Business)
CapTrust hires Mike Curran as VP Sep 1, 2009
He now joins CapTrust, a benefit and wealth management firm, as vice president of nonqualified deferred compensation ... Nonqualified deferred compensation is a type of retirement contribution most often paid to higher salaried employees that has been earned but not yet paid by the employer. (Raleigh Triangle Business Journal, NC)
Review: High salaries for aid group CEOs Sep 1, 2009
The returns show the salary, benefits and deferred compensation paid to top officials. The organizations were paid a total of $4. (USA Today -- News)
Oracle's billionaire CEO gets $84.5M pay package Aug 23, 2009
They include salary, bonus, performance-related bonuses, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. It doesn t include changes in the present value of pension benefits. (Orangeburg Times and Democrat, SC)
Hot Topic, Inc. Reports 2nd Quarter Loss of $0.07 Per Share Aug 20, 2009
04) Shares used in computing loss per share: Basic and Diluted 44,032 43,736 HOT TOPIC, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) Aug. 1, 2009 Aug. 2, 2008 ------------ ------------ Current Assets: Cash, cash equivalents and short-term investments $82,052 $51,652 Inventory 90,363 91,136 Prepaid expenses and other 18,292 18,281 Deferred tax assets 6,213 4,683 Total current assets 196,920 165,752 Property and equipment, net 148,954 164,690 Deposits and other 2,901 1,611... (Primezone Releases)
Nelson: Highly paid could take bigger cuts Aug 16, 2009
These figures do not include performance-based compensation, which is paid to the executives when the hospital meets financial and other performance goals, nor does it include contributions to employee benefits packages or deferred compensation ... Drew made $630,937 in salary (which includes the performance-based pay), plus an additional $310,777 in contributions to employee benefits and deferred compensation and an additional $8,400 in expenses ... Webb's pay was $380,757 (including... (Athens Banner-Herald)
Trimac Announces Second Quarter Results Aug 13, 2009
Trimac Income Fund Consolidated Balance Sheet (unaudited) ------------------------------------------------------------------------- (thousands of dollars) As at As at June 30, December 31, 2009 2008 $ $ ------------------------ Assets Current assets Cash 22 970 Interest receivable 233 241 Distributions receivable 344 719 Prepaid expenses 42 105 ------------------------ 641 2,035 Investment in Trimac Transportation Services Limited Partnership 64,654 67,412 Note receivable from Trimac... (PR Newswire)
Pay doubles for General Mills CEO Aug 11, 2009
The change in pension value and deferred compensation earnings was $1. 4 million, compared to $980,000 last year. (Twin Cities Business Journal, MN)
Loral Reports Second Quarter 2009 Financial Results Aug 11, 2009
"This is largely due to the $11 million net reduction in EBITDA in the six months ended June 30, 2009 compared with the same period in 2008, as a result of last year's gain on a customer bankruptcy recovery and changes in deferred compensation expense between 2008 and 2009. Adjusting for those items, our six months 2009 Adjusted EBITDA would have been approximately $13 million versus approximately $5 million in 2008.". Satellite Manufacturing. (Primezone Releases)
Javo Beverage Announces Record Revenue for Second Quarter 2009 Aug 11, 2009
283,803 186,404 Additional paid in capital 70,670,695 62,595,575 Deferred compensation (1,328,250) (2,577,133) Accumulated deficit (70,135,601) (62,252,248) ------------- ------------- Total stockholders' equity/(deficit) (507,205) (2,045,254) ------------- ------------- Total liabilities and stockholders' equity/(deficit) 23,696,671 20,248,874 ============= ============= JAVO BEVERAGE COMPANY, INC. CONDENSED STATEMENT OF OPERATIONS UNAUDITED Three Months Ended June 30, Six Months Ended June 30,... (Primezone Releases)
Haley appointed Holbrook's temporary treasurer/collector Aug 8, 2009
He also recommended and implemented a deferred compensation plan that saved Hanover more than $900,000. Haley s resume stated that he was directly involved in all aspects of four payroll conversions in the last 15 years involving 900 employees and getting the new system up and running. (Holbrook Sun, MA)
Blank Rome Settles Malpractice Claim for $20 Million Aug 8, 2009
Through the settlement agreement, Blank Rome agreed to cut its claims to those fees by 40 percent and cut its deferred compensation portion of the fee claim by 40 percent, according to the agreement. The $20 million settlement will be paid to the trustee by Blank Rome's insurers 10 days after whichever of the following happens last; the execution of the agreement, the approval of the agreement or the receipt by Blank Rome insurers of payment instructions, according to the agreement. (Law.com)
Pittsburgh nonprofit CEO pay beats national average Aug 7, 2009
John Ellis, Pittsburgh Foundation vice president of communications, said the amount was a package that included Trueheart s salary plus a significant amount of deferred compensation, which had built up over a period of time during his tenure with the organization. Charity Navigator provided a list of the 10 highest paid Pittsburgh nonprofit leaders in its database. (Pittsburgh Business Times, PA)
Hank Greenberg Said to Face SEC Lawsuit After Role as AIG Chief Executive Aug 6, 2009
Hank Greenberg Said to Face SEC Lawsuit After Role as AIG Chief - Bloomberg. Updated: New York, Aug 06 04:15 London, Aug 06 09:15 Tokyo, Aug 06 17:15. (Bloomberg -- US)
Conseco Announces Second Quarter 2009 Results; Reports Second Consecutive Profitable Quarter Aug 5, 2009
an increase in earnings of approximately $7 million related to the Company-owned life insurance policies which were purchased to fund the segment's deferred compensation plan for certain agents (such variance resulted from a $3 million death benefit recognized as income in the second quarter of 2009 and an increase in the estimated fair value of investments underlying such policies in the second quarter of 2009). In our Colonial Penn segment, the pre-tax operating earnings were $11. (PR Newswire)
Brandywine Realty Trust Announces Second Quarter 2009 Earnings and Increases FFO Guidance for 2009 Jul 29, 2009
BRANDYWINE REALTY TRUST CONSOLIDATED BALANCE SHEETS (unaudited, in thousands) June 30, December 31, 2009 2008 ---- ---- ASSETS Real estate investments: Operating properties $4,586,580 $4,608,320 Accumulated depreciation (690,490) (639,688) -------- -------- 3,896,090 3,968,632 Construction-in-progress 197,404 122,219 Land inventory 97,430 100,516 ------ ------- 4,190,924 4,191,367 Cash and cash equivalents 3,936 3,924 Cash in escrow - 31,385 Accounts receivable, net 8,950 11,762 Accrued rent... (PR Newswire)
Nike CEO compensation dips in fiscal 2009 Jul 28, 2009
The Associated Press calculations of total pay include salary, bonus, performance-related bonuses, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The AP's figures may differ from the totals that companies report. (OregonLive, OR -- News)
PSB Group, Inc. Announces Second-Quarter Financial Results Jul 25, 2009
"market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-14400", "open" : "", "close" : "", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000". Search for share prices. (Primezone Releases)
OceanFirst Financial Corp. Announces Quarterly Net Income of $3.6 Million and Continuation of Cash Dividend Jul 24, 2009
01 par value, 55,000,000 shares authorized, 27,177,372 shares issued and 12,371,768, 12,364,573 and 12,364,573 shares outstanding at June 30, 2009, December 31, 2008, and June 30, 2008, respectively 272 272 272 Additional paid-in capital 205,949 204,298 203,799 Retained earnings 162,088 160,267 157,728 Accumulated other comprehensive loss (13,356) (14,462) (6,673) Less: Unallocated common stock held by Employee Stock Ownership Plan (4,923) (5,069) (5,214) Treasury stock, 14,805,604, 14,812,799... (Primezone Releases)
Ernst & Young to pay $10M in Superior Bank lawsuit Jul 23, 2009
Schein s attorney argued that, had Ernst & Young acknowledged its accounting errors, Schein would have been able to leave the bank before it was seized by federal regulators and take with him his deferred compensation, according to court documents. Richard said his client was happy with the verdict, given that the accounting firm had faced claims as high as $200 million, with punitive damages on top of that. (South Florida Business Journal, FL)
DST Systems, Inc. Announces Second Quarter 2009 Financial Results Jul 23, 2009
The decrease in Financial Services is attributable to an increase in deferred compensation costs of approximately $5 ... On this basis, the increase in costs and expenses is attributable to the consolidation of Argus on March 31, 2009, an increase in deferred compensation costs of approximately $5 ... 5 million of this decrease is attributable to an increase in deferred compensation costs (the effect of which is offset as unrealized appreciation on trading securities in other income, net). (PR Newswire)
ClickSoftware Reports 31% Revenue Growth and 17% Operating Margin for the Second Quarter Ended June 30, 2009 Jul 22, 2009
In thousands of U.S dollars) Six Months Ended June 30, 2009 June 30, 2008 ------------------------------------- CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 5,546 $ 464 Adjustments to reconcile net income to net cash provided by operating activities: Expenses not affecting operating cash flows: Depreciation 463 358 Amortization of deferred compensation 387 359 Amortization of acquired intangible assets 95 - Severance pay, net (60) 224 Other 17 6 Changes in operating assets and liabilities:... (PR Newswire)
Bucking recession, Crist gets wealthier Jul 11, 2009
Crist, who has been in elected office for decades, also listed $72,000 in deferred compensation from the state. Sink's biggest assets include a $4. (Florida Today)
Clamor for Maddens resignation from Melrose YMCA increases Jul 10, 2009
The latest available 990 form filed by the Melrose YMCA, from 2007, lists Whitworth s annual salary at $139,062 and his annual contributions to employee benefit plans and deferred compensation plans at $12. 084. (Melrose Free Press, MA)
Southbury Honors Those WhoHave Served Town the Longest Jul 8, 2009
Mr. Michaels was recognized for 38 years on the Board of Finance, the Pension Investment Advisory Committee, the Pension Committee, the Town Hall Building Committee and the Deferred Compensation Plan Committee. Shirley Michaels has served on the Library Board of Directors and the Cable T.V. Advisory Committee, for a total of 34 years, and currently chairs the library board. (Voices, CT)
Retired chairman of Oscar Mayer Foods dead at 95 Jul 8, 2009
CCP Announces a New Program to Protect Employees Non-qualified Deferred Compensation Plans. Corporate Compensation Plans Inc. (CCP) announced today a new program to protect employees nonqualified deferred compensation plan benefits. (Fresno Bee -- Business)
AIG Looting Case Against Greenberg's Starr Was `Weak,' Jury Forewoman Says Jul 8, 2009
AIG Looting Case Against Starr Was Weak, Jury Forewoman Says - Bloomberg. Updated: New York, Jul 08 04:05 London, Jul 08 09:05 Tokyo, Jul 08 17:05. (Bloomberg)
> Highest-paid CEOs comp bucks downturn Jun 27, 2009
There were no major changes in salary, bonus or deferred compensation, but the average value of perquisites and miscellaneous payments fell from $272,000 to $150,000, according to research conducted by Spring House-based human resource firm. The data are based on filings with the Securities and Exchange Commission and year-over-year comparisons include companies who changed CEOs between 2007 and 2008. (Philadelphia Business Journal, PA)
Anchor BanCorp Wisconsin, Inc. Announces Fourth Quarter and Fiscal Year Results Jun 27, 2009
10 par value, 100,000,000 shares authorized, 25,363,339 shares issued 2,536 2,536 Additional paid-in capital 109,327 72,300 Retained earnings, substantially restricted 134,234 374,593 Accumulated other comprehensive income (loss) (6,337) 1,864 Treasury stock (3,793,554 shares and 4,015,169 shares, respectively), at cost (94,744) (100,930) Deferred compensation obligation (5,480) (5,247) ---------- ---------- Total stockholders' equity 213,721 345,116 ---------- ---------- Total liabilities,... (Primezone Releases)
MGM Mirage ex-CEO Lanni paid $5.8M in 2008 Jun 26, 2009
MGM Mirage ex-CEO Lanni paid $5. 8M in 2008 - California Business - fresnobee. (Fresno Bee -- Business)
Coach K ($3.6M) is highest-paid Duke employee Jun 25, 2009
Duke paid her nearly $500,000 in deferred compensation. The salaries were first reported by The Herald-Sun of Durham. (ESPN -- College Basketball)
Jordan's son leaves Illinois program Jun 25, 2009
Duke paid her nearly $500,000 in deferred compensation. Coastal names assistant: Coastal Carolina coach Cliff Ellis has added Richie Riley to his staff as an assistant. (News & Observer -- Sports)
Clemson coach agrees to extension Jun 17, 2009
Purnell will also receive deferred compensation of $250,000 a year in 2015 and 2016, money he would receive unless he left the school voluntarily or was fired for cause. The Tigers coach would owe the school $250,000 if he left after April 30 for another Division I head coaching job. (The Augusta Chronicle)
Purnell, Clemson agree to two-year extension Jun 17, 2009
Purnell will also receive deferred compensation of $250,000 a year in 2015 and 2016, money the coach would receive unless he left the school voluntarily or was fired for cause. The Tigers coach would owe the school $250,000 if he left after April 30 for another Division I head coaching job. (ESPN -- College Basketball)
`Angry' Greenberg Took $4.3 Billion in AIG Stock With Him, Lawyer Says Jun 16, 2009
He also showed the panel a videotape of Greenbergs 2000 speech to employees describing the deferred compensation program ... The insurer claims Starr pledged to fund a deferred compensation plan for AIG employees through shares it held. (Bloomberg -- US)
General Cables Kenny sells 55,000 shares Jun 4, 2009
That included about 66,000 restricted shares over which he had voting power, 143,000 options exercisable within 60 days, and 340,000 shares deferred under its deferred compensation plan. General Cable (NYSE: BGC), based in Highland Heights, is a global manufacturer of cable and wire products for the energy, telecommunications and specialty industrial markets. (Cincinnati Business Courier, OH)
Car Czar May Face Conflict May 28, 2009
The stake in question is in the form of deferred compensation that sources described as non-transferable and difficult to unwind because of the potential tax hit to Rattner as well as the difficulties Monarch has in valuing Rattner's compensation. Rattner, who has a net worth reported to be as much as 600 million, could have worked out a fix for the deferred comp issue but wanted to arrange one that didn't slam him with taxes, one source noted. (New York Post -- Business)
Longtop Financial Technologies Limited Announces Unaudited Financial Results for the Fiscal Quarter and Full Year Ended March 31, 2009 May 28, 2009
5% Amortization of acquired deferred compensation $-- $64 -- $-- $173 -- Loss from discontinued operations $-- $-- -- $1,293 $-- (100 ... Adjusted Operating Expenses is defined as operating expenses excluding, if applicable: (1) non-cash compensation expense, (2) amortization of acquired intangibles, deferred compensation arising on acquisition and goodwill impairment, and (3) one-time items ... Acquisition proceeds allocated to deferred compensation arises where a portion of the purchase price... (PR Newswire)
The Fortunate 50: The highest-paid executives May 24, 2009
It includes salary, bonuses, the value of restricted stock and options awarded, incentive plan payments, pension benefits or deferred compensation earned and other compensation (retirement and insurance benefits, relocation expenses, personal use of the corporate jet, automobile leases, club dues, financial counseling and other perquisites). It does not include the value of restricted stock awarded in prior years that vested in the most recent fiscal year. (Pittsburgh Post-Gazette, PA)
AICPA Applauds Introduction of Bill by Representative Boucher and Representative Goodlatte to Prohibit Tax Strategy Patents May 22, 2009
He said the 77 tax strategy patents that have been approved and the 129 that are pending apply to a broad range of areas affecting regular taxpayers, including charitable contributions, estate and gift taxes, pension plans and deferred compensation. For example, Melancon said, a patent has been granted for the process of computing and disclosing the federal income tax consequences involved in the conversion from a standard Individual Retirement Account (IRA) to a Roth IRA.. (PR Newswire)
Audit shows lack of fiscal oversight in Cairo May 20, 2009
An audit of 23 withholdings and remittances the Town made to the government and to vendors for retirement, deferred compensation, accident insurance, life insurance and union dues revealed five errors for between 63 and 813. The report states that the amount of money withheld for union dues from 10 employees was less than the amounts remitted by 813. (Catskill Daily Mail, NY)
Go for broke(r) when selling your business (39) May 18, 2009
Whether consulting fees, non-competition fees, deferred compensation, bonus and similar income items payable to a selling shareholder are part of the transaction, value is another recurring issue in defining consideration. The assumption of liabilities in an asset sale typically will be included within the definition of consideration, particularly if the seller is directly benefiting from the debt assumption (for example, if the debt was personally guaranteed by the seller). (Cleveland Jewish News, OH)
Xanax Nation Beats a Panicked Nation Any Day May 15, 2009
Its a little more cumbersome than a deferred compensation plan, but at least the underground economy gets a lift. Alternative (Energy) Bubble. (Bloomberg -- Columnists)
Stroger explains IRS tax lien May 15, 2009
Stroger blamed the higher-than-normal tax bill on a withdrawal from deferred compensation. The lien was for the 2007 tax period. (Crain's Chicago Business)
Javo Beverage Company Announces First Quarter Gross Profit Up 57%; Revenue Up 20% May 12, 2009
001 par value, 300,000,000 shares authorized, 219,647,092 shares issued and outstanding as of March 31, 2009, 186,403,648 shares issued and outstanding as of December 31, 2008 219,647 186,404 Additional paid in capital 65,351,432 62,595,575 Deferred compensation (2,215,503) (2,577,133) Accumulated deficit (65,441,717) (62,252,248) ------------------------- Total stockholders' deficit (2,083,993) (2,045,254) ------------------------- Total liabilities and stockholders' deficit $23,209,531... (Primezone Releases)
Ag Growth Announces Results for the Three Months Ended March 31, 2009 May 7, 2009
"Company ProfileAg Growth is a leading manufacturer of portable and stationary grain handling, storage and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories and grain aeration equipment. Ag Growth's sales, marketing, and distribution system is comprised of approximately 1,400 dealers and distributors that distribute product in 48 states, nine provinces, and overseas.Non-GAAP measuresReferences to "gross margin" are to sales less cost of... (CCNMatthews Press Releases)
Freeport-McMoRan CEO pay drops 55% to $33M May 5, 2009
01 million described as change in pension value and deferred compensation. He also received $3. (Phoenix Business Journal, AZ)
Delta Chief's '08 Compensation Valued at $17.4M May 1, 2009
According to the filing with the Securities and Exchange Commission, Anderson, 53, received a salary of $600,000, no bonus, no performance-based bonus, no above-market returns on deferred compensation and $127,485 in other compensation. The bulk of his compensation was stock and option awards the company valued at $16,715,170 on the days they were granted. (ABC News -- Wire)
State Hospital Association chief saw 64% pay hike May 1, 2009
In 2007, Parker received $590,249 in compensation; $115,694 in contributions to employee benefit plans and deferred compensation plans; and $5,276 in expense account and other allowances, according to Internal Revenue Service filings. Parker s 2007 compensation includes a lump sum payment of $262,848 in deferred compensation, after GHA changed its deferred compensation plan, Chief Financial Officer Ginger Anspaugh said ... Changes in the IRS regulations related to the previous deferred... (Atlanta Business Chronicle, GA)
Castroneves acquitted in tax-evasion trial Apr 18, 2009
Castroneves' lawyers said it would be "illogical to proceed'' with refiling the conspiracy count. Castroneves, a two-time Indianapolis 500 winner and one of the Indy racing circuit's most popular drivers, was temporarily replaced on Team Penske by Australian Will Power pending the outcome of the case. Castroneves won the TV dance competition in 2007. Central to the case was the ownership of a Panamanian company called Seven Promotions. Prosecutors called it a shell corporation set up primarily... (SportsIllustrated.CNN -- Racing)
Watson CEO compensation drops 50 percent Apr 18, 2009
It includes salary, bonus, performance-related bonuses, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year ... deferred compensation. (Yahoo News -- Pharmaceutical Industry News)
McDonald's CEO gets $13.6M in 2008, up 70 pct Apr 18, 2009
The Associated Press calculations of total pay include executives salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don t include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the SEC.. (Orangeburg Times and Democrat, SC)
Partial verdict reached in Castroneves tax trial Apr 17, 2009
Instead, the Penske payments were eventually invested in a deferred compensation deal with the Dutch firm Fintage Licensing B.V.. Castroneves attorney Roy Black told jurors in closing arguments that such deals are common and perfectly legal for athletes who have relatively short careers and face injury or worse at any moment. (MSNBC -- Sports)
Guaranty Bancorp Announces 2009 First Quarter Earnings Apr 16, 2009
Fluctuations in other noninterest income are primarily the result of the volatility of the fair value of assets held by the Company for purposes of funding its nonqualified deferred compensation plan ... 1 million of assets held for purposes of funding the Company's deferred compensation plan ... These write-downs of the assets held for the deferred compensation plan are almost entirely offset by a reduction to our deferred compensation liability account which reduces our overall compensation... (Primezone Releases)
Lawmakers turn to taxes to ease shortfall Apr 16, 2009
" Ten Democrats joined the six members of the Republican Party in voting against the bill. Opponents argued the proposal would hurt small businesses by adding to their paperwork and administrative costs, forcing them to provide tax information earlier than usual and at a time when their tax information might be incomplete. Taxing legislation Here are some of the tax bills given tentative approval yesterday. They all must still go through the conference committee process and be approved one more... (Honolulu Star-Bulletin)
MassMutual's Select Fundamental Value Fund Earns 2009 Lipper Fund Award Apr 16, 2009
It offers a full range of products and services for corporate, union, nonprofit and governmental employers' defined benefit, defined contribution and nonqualified deferred compensation plans. It serves approximately one million participants. (PR Newswire)
Some Gottschalks retirees lose pensions Apr 16, 2009
Its common for companies to have different types of deferred compensation programs for managers and executives, said Jeff Pomerantz, a retail bankruptcy specialist with the Los Angeles law firm Pachulski Stang Ziehl. But while many larger pension programs are protected by the federal Pension Benefit Guaranty Corp., which steps in to take over covered plans that are in distress, some are subject to termination when a company files for bankruptcy, Pomerantz said. (Fresno Bee)
Roanoke Rapids City Manager Phyllis Lee's Budget Letter Apr 16, 2009
Funding has been appropriated to continue the City s longevity program and a 401(k) deferred compensation program which provides matching contributions up to a maximum of 3% for non-law enforcement personnel. Other items provided for in the proposed budget include a 10. (Roanoke Rapids Daily Herald, NC)
Castroneves jury asks for transcripts in tax case Apr 14, 2009
Prosecutors say Castroneves owes taxes on $5 million he was promised from Penske Racing even though he has never actually received the money, which still sits in a Dutch deferred compensation account. The first jury question focused on the timing of a taxpayer's rights to income, which would affect when tax liability is triggered. (MSNBC -- Sports)
Viad CEO's base rises, overall pay falls Apr 12, 2009
Also in 2008, he received $181,676 described as deferred compensation and pension value change and $274,440 in other perks that include insurance, country club and other memberships, travel and entertainment systems, and home security. Dykstra owns 199,573 shares of Viad stock (NYSE:VVI), or about 1 percent of outstanding shares. (Phoenix Business Journal, AZ)
