Harley-Davidson Loses, CEO Earns Big | Motorcycle News
Harley-Davidson Loses, CEO Earns Big
The last quarter of 2009 brought about financial turmoil for Harley-Davidson Inc., as the iconic American motorcycle brand reported its first quarterly loss in 16 years.
The deficit: $218.7 million. A massive number in any industry, but it didn't stop the Motor Company's CEO from receiving an incredible pay package during his first eight months on the new job.
Keith E. Wandell's pay package? $6.4 million, which reportedly included a base salary of $650,025 from his start day of May 1 through the end of 2009, a bonus of $780,030 and stock and option awards valued at $4.9 million. It was reported that Wandell also received other compensation worth $22,515, which includes a cash payment of $19,733 instead of perquisites.