DENVER—Janus Capital Inc. CEO Gary Black earned compensation valued at $8.85 million for 2007, a year when the company lost several portfolio managers but assets under management still rose, according to regulatory filings Wednesday.
Black earned a base salary of $800,000, the same salary he earned in 2006, according to documents filed with the Securities and Exchange Commission. He received non-equity incentive plan compensation of $6.3 million, plus stock options and restricted stock valued at $1.7 million. He also received $27,617 in other compensation, including group term life insurance premiums.
The Associated Press calculations of total pay include executives’ salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don’t include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the SEC.
Assets under management averaged $190.4 billion for 2007, compared with $156.7 billion for the year before.
