Business Services Industry
Phoenix Cos. Lures Two Vice Presidents with Lucrative Pay Packages.
Knight Ridder/Tribune Business News, August, 2003
By Diane Levick, The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Aug. 15--The Phoenix Cos. Inc. recruited one of its new executive vice presidents this year with a multimillion-dollar pay package and promised the second one compensation that could top $1 million over time.
The Hartford-based financial services company also granted chief executive Dona D. Young $746,656 of restricted stock units in June -- a long-term incentive bonus that she was re...uired to defer from January 2001.
Phoenix, which been battling net losses and puny profits, disclosed the pay arrangements in its ...uarterly filing Thursday with the Securities and Exchange Commission.
Daniel T. Geraci, who joined Phoenix in May as executive vice...
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