°¿±ô¾±²ÔÌýChief Executive John Fischer's pay more than doubled to $7.8 million last year as the chemical company handed out large stock and option awards.
Olin, which made an acquisition in 2016 that nearly doubled its revenue, raised Fischer's salary 15 percent to $960,000. He also got a $1.08 million bonus, which was about 89 percent of the target amount.Â
The biggest chunks of Fischer's compensation were $2.7 million worth of performance shares, which are tied to Olin's profit and shareholder return between 2017 and 2019, and $2.8 million worth of stock options.
Fischer's pension increased in value by $52,113 last year. He was credited with $910 of perquisites, for which details weren't spelled out.
Olin's , filed last week, says Fischer earned 91.68 times as much as the median Olin employee. Olin, based in Clayton, is one of the first Ó£ÌÒÊÓƵ area corporations to comply with a new regulation requiring disclosure of that pay ratio. Olin employs 6,526 people worldwide.
People are also reading…
The proxy statement values Fischer's golden parachute -- the amount he would receive if he leaves Olin after a takeover -- at $23.8 million, including $6.5 million of cash severance.
Olin's share price climbed 37 percent last year. The company earned $549.5 million after posting a loss in 2016.
