Tuesday, April 04, 2006
Policy perk: Bonus pays for CEO's life insurance
Shoe Carnival seems determined to keep a longtime perk in place for Mark Lemond, chief executive of the Evansville- based shoe retailer.
It's called a split-dollar life insurance policy, and in the complex world of executive compensation it really amounts to getting something for nothing.
In this case, Shoe Carnival picks up Lemond's annual premium of $21,300 for a policy that provides his estate with $1 million in life insurance coverage, according to a recent filing with the Securities and Exchange Commission...
Indianapolis Star: Policy perk: Bonus pays for CEO's life insurance
It's called a split-dollar life insurance policy, and in the complex world of executive compensation it really amounts to getting something for nothing.
In this case, Shoe Carnival picks up Lemond's annual premium of $21,300 for a policy that provides his estate with $1 million in life insurance coverage, according to a recent filing with the Securities and Exchange Commission...
Indianapolis Star: Policy perk: Bonus pays for CEO's life insurance
Permalink posted by markw @ 4:44 AM 
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