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EQR » Topics » Compensation for Our Chief Executive Officer in 2008

This excerpt taken from the EQR DEF 14A filed Apr 16, 2009.

Compensation for Our Chief Executive Officer in 2008

As Chief Executive Officer and President, Mr. Neithercut is accountable for corporate, business units and individual goals and was ultimately responsible for the results detailed in “Evaluation of Company Performance in 2008.” In light of the Company’s assessment of Mr. Neithercut’s performance during 2008 and the reduction in compensation referenced above, Mr. Neithercut received a cash bonus of $875,000 (93% of target) and a long-term compensation award of $2,299,997 (98% of target).

In order to provide our shareholders with a more complete picture of our CEO’s compensation, we are providing additional compensation information not required by the SEC. Below is a table showing Mr. Neithercut’s total compensation for services performed in the listed years. In contrast to the Summary Compensation Table which discloses the value of equity awards expensed for financial reporting purposes, this table shows the grant date value of such awards.

 

Year

    Salary    Cash Bonus    Equity Awards    Total
Compensation

2008 Compensation

    $625,000    $875,000    $2,299,997    $3,810,764

2007 Compensation

      625,000      500,000      2,044,997      3,187,175

2006 Compensation

      600,000      900,000      2,274,999      3,791,380

"Compensation for Our Chief Executive Officer in 2008" elsewhere:

IStar Financial (SFI)
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