In the middle of 2009 the Volcom Compensation Committee decided that because of the economic climate they were making some adjustments to the salaries of their executive officers.
Now, according to documents filed with the SEC, they have decided to ratchet those salaries back up to the amounts they originally approved before the cutbacks.
Here’s what everyone is making now (before bonuses).
Richard Woolcott, Chairman and CEO $447,017
Jason Steris, President and COO $353,420
Douglas Collier, Executive Vice President, CFO, Secretary and Treasurer $336,000
Tom Ruiz, Executive Vice President of Sales $ 336,000
Troy Eckert, Executive Vice President of Marketing $336,000
Glad they got all that straightened out. These guys work hard and they have to deal with their salaries being public record.
[Link: SEC]
