Lexmark Bonuses reflect tough market conditions March 19, 2008 16:48 by John Sollars

Unusually these days, when it seems that Boardroom Emoluments are unaffected by the performance of the company for which that Boardroom is responsible, Lexmark executives have had their Bonuses slashed, reflecting the fall in the companies share price over the past 12 months.

In a Proxy statement released by the company this week, it revealed that the board cut an annual incentive bonus last year to CEO Paul Curlander because of the poor performance of the companies inkjet division.  Since 2005 the company has slashed the workforce, closed factories around the world and concentrated their efforts on people who print more.

Overall, Curlander's pay dropped more than 18 percent compared with 2006, whilst the other top executives (except for the Chief Financial Officer) saw pay drop too.  He still trousered the top side of $1Million so there is no need to shed tears for him just yet!.

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About John Sollars

+John Sollars is the owner and MD of Stinkyink.com. He started the business in 2002 with absolutely no knowledge of how the internet worked - only a burning desire to be in on the cutting edge!. Stinkyink.com has been regularly among the top performing companies in Shropshire as winners and runners up in the Shropshire Chamber of Commerce Best Business competitions. The business has been recognised by both Investors in People (IIP) and also British Standards Institution (BSI) with ISO9001:2008. John is passionate about business and especially small businesses. He is a regular blogger and contributor to blogs about Printing, Small Business and Search Engine Optimisation

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This story was posted on March 19, 2008 16:48 and is filed under Lexmark Printing

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