Richard M. Weil, the former Pacific Investment Management Co. executive hired as chief executive officer at Janus Capital Group Inc. last year, received $20.3 million in compensation in 2010.
Weil, 47, got $458,333 in base salary; $13 million in restricted stock, including $10 million in stock received as a signing bonus; $3 million in option awards; $3.5 million in non-equity incentive plan compensation; and $379,539 in other compensation, the Denver-based money manager said yesterday in a filing with the U.S.
Securities and Exchange Commission.
Co-Chief Investment Officer Gibson Smith received $7.73 million in compensation, up 2.7 percent from 2009. Co-CIO Jonathan Coleman was paid $6.22 million, down 16 percent.
Nonexecutive Chairman Steven L. Scheid received $880,026, down 4 percent.
Weil took over Feb. 1, 2010, from interim CEO Timothy K. Armour. The amount of money Janus manages for investors rose 6 percent in 2010 to $170 billion. The company had net income of $160 million in 2010 after losing $757 million in 2009.
