OLD Media Moves

Thomson Reuters CEO paid $36.6 million in 2008

March 30, 2009

Tom Glocer, the CEO of Thomson Reuters, the parent company of the Reuters news service, received $36.6 million in total compensation in 2008, according to a story by Financial Post reporter John Greenwood.

Greenwood writes, “The largest component of Mr. Glocer’s pay package was a one-time grant of 700,000 restricted share units that will vest 20% each year for five years providing that performance goals are met.

“What is described in the filings as Mr. Glocer’s ‘normal annual compensation’ came in at US$8.9-million.

“Last year Mr. Daleo went home with US$6-million in normal annual compensation with Mr. Smith receiving US$5.2-million.

“Less than 20% of the total take-home of top executives is described as base salary. The rest is a mix of cash and stock incentives, pension entitlements and ‘other’ compensation.

“Disclosure of executive compensation at the data and media giant comes at a time when companies around the world are under pressure from shareholders to keep a lid on management pay.”

Read more here.

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