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Rating:Janus CEO Gets Options Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, May 18, 2004

Janus CEO Gets Options

by: Caitlin  Pickall

Steven Scheid, the new CEO of Janus Capital Group, Inc., announced in a conference call last month that he planned to set a corporate example with his pay package.

Not only would he take home considerably less than predecessor Mark Whiston, who earned $4 million in 2003, but his compensation would be more closely tied to company performance.

Now details are out on that promise to tie pay to long-term incentives.

Scheid was granted 54,833 shares of restricted Janus stock with a four-year vesting schedule beginning next March. He was also granted 319,019 stock options with a 10-year term and $14.59 exercise price. One-fifth of the options vest annually, also beginning in March 2005.

Shares of Janus opened on the NYSE at $14.80 on Tuesday and have a one-year estimated target of $18.06.  

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