March 25 (Bloomberg) -- Sotheby’s Chief Executive Officer William Ruprecht earned $2.4 million in 2009, a year in which the auction house lost $6.5 million for its worst result since 2003.
The compensation total was a 33 percent decline from the $3.6 million Ruprecht received in 2008, according to a Securities and Exchange Commission filing.
In 2009, Ruprecht earned $613,462 in salary, $1.4 million in stock awards and $340,780 in other compensation. That includes driver’s pay, contribution to Ruprecht’s retirement account, deferred compensation, life-insurance premiums, club and other memberships, and dividends on unvested stock.
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3/29/2010
Sotheby's CEO Suffers Pay Loss
Philip Boroff writing for Bloomberg reports Sotheby's CEO William Ruprecht compensation was down over 30% in 2009. The Bloomberg article is very short, so I will take the liberty of posting in its entirety.
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