Thain’s comp package dwarfs Theodore’s

NYSE Euronext’s chief executive, John Thain, earned $9.36 million last year, more than five times the total compensation of deputy chief execuitve Jean-Francois Theodore.

NYSE Euronext’s chief executive, John Thain, earned $9.36 million last year, more than five times the total compensation of deputy chief execuitve Jean-Francois Theodore.
Mr. Theodore earned a total of $1.81 million in 2006, including a $1 million bonus.
On the other hand, his boss, Mr. Thain, picked up $3.25 million in a cash bonus, plus $4 million in stock and options awards.
Mr. Thain’s salary also dwarfed those of other colleagues: He earned $1.79 million, while chief financial officer Nelson Chai and chief operating officers Gerald D. Putnam and Catherine R. Kinney had their salaries set at $750,000 each.
Mr. Theodore may receive an additional $270,770 at Euronext’s shareholder meeting next week, as part of a bonus to reward his part in the merger.
The difference in pay is made even more striking because Euronext was more profitable than the NYSE last year.
Euronext’s revenues were $1.49 billion, compared to $2.38 billion at the NYSE.
Euronext posted net profits of $504 million, more than double the $205 million posted by the NYSE.
Mr. Théodore’s pay increased by 7% last year after he qualified for an additional bonus for hitting earnings-per-share targets.
However, Mr. Theodore’s $1 million bonus was a fraction of the $7.25 million received by Mr. Thain for “substantially exceeding” his performance targets last year.
NYSE Euronext is based in New York.