Palm CEO's Salary Increased but Bonuses Decreased
In their fiscal year that ended in May, Palm's CEO Carl Yankowski had a salary of $666.7 thousand and bonuses equalling $249 thousand for a total of $915.6 thousand. In the previous year, his salary was $281.8 thousand and he received a bonus of $430 thousand for a total of $711.8 thousand.
It should be emphasized that this isn't Mr. Yankowski's current salary, but the one for Palm's last fiscal year and the 137% salary increase came at a time well before Palm's current financial troubles began.
While Palm's downturn had no effect on his base salary, it did strongly affect his bonuses. The $249 thousand bonuses came in the first and second quarters of Palm's financial year. In the second half of the year, once the economic downturn hit Palm, no Palm executives received any bonuses.
He also received stock options that are currently worthless but have the potential to be worth millions of Palm's stock increases substantially.
Palm hasn't revealed what Mr. Yankowski's current salary is.
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