OMAHA, Nebraska - of TD Ameritrade President and CEO was paid nearly $ 6 million last year, 23 p. 100 times more than in fiscal year 2009, like continuing to occur in unpredictable economic conditions online brokerage.
The Omaha-based company revealed details of Fred Tomczyk allowance and other executives received in fiscal year 2010 in documents filed with the Securities and Exchange Commission, Friday.
Ameritrade, Council stated that managers society were rewarded for continue to grow new customer accounts and net assets year last faced difficult operating conditions. Ameritrade reported a net income of 592.2 million, or $ 1 per share, 2.56 billion in revenues for fiscal year 2010.
Ameritrade said he expects to win between 90 cents and $1.20 per share in its fiscal year 2011 as record low interest rates continue to limit how many Ameritrade can win customers deposit accounts and other investments in products.
TOMCZYK continued to receive a salary of $500,000 in fiscal year 2010, and he received an incentive cash of $ 1.2 million. Ameritrade also gave Tomczyk 3.2 million stock and stock options $ 1.1 million on the dates that they were granted.
TOMCZYK has become best paid Executive of the year Ameritrade last for the first time since he took the position of Chief Executive Officer of President Joe Moglia in October 2008.
But Tomczyk compensation is significantly lower than that allowance of $ 13.5 million he received in 2008, there were preparing to move up to the position of Chief Executive Officer. This year it receives a large block of stock option grants of $ 10.4 million in compensation over the long term.
Moglia received a salary of 1 million dollars in 2010, but he fell out of favor the ranks of the highest in the Ameritrade paid because he has not received any major incentives or stock options. In FY 2009, Moglia compensated $ 6.5 million, which included an incentive payment of 5.5 million in cash.
Associated Press of total compensation calculations include frameworks salary, bonuses, incentives, perks, above of market yields for deferred compensation and the estimated value of stock options and prices at the time wherever they are awarded in the year. Calculations include changes in the present value of pension benefits, and they sometimes differ from total companies list in the summary table of compensation of proxy statements filed with the Securities and Exchange Commission.
Ameritrade held its shareholder meeting in Omaha on 16 February.
Shareholders will have the opportunity to express their approval or disapproval to the Ameritrade executive compensation policies, but the advisory vote is not binding.
Shareholders will vote on several common objects, such as the re-election of Directors.
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