Wednesday, April 2, 2008

Harley CEO gets a big Raise, but his overall pay falls.

MILWAUKEE WI Harley town USA. Harley-Davidson says it paid, gave cash and food stamps to its CEO of about $4 million last year. Chump change for a big guy.

A government mandatory regulatory filing shows that's a four percent decline from the previous year. a 4 percent decline, sorry pal I lost 70 percent on the Harley Stock I bought.

James Ziemer's compensation included a salary of more than $875,000, Plus a free lunch once a week plus stock and options awards.

The Harley Davidson Motorcycle maker's proxy statement filed with the SEC the Stock Police or Securities and Exchange Commission shows that's an increase from the base salary of nearly $825,000 he received in 2006, when his total compensation was valued at about $4.25 million. But wait the guy did get a 50,000 dollar raise, WOW, I think I got a 50 cent per hour raise.

The company's filing says no executives received bonuses because they didn't meet performance incentive targets. NO BONUSES that's really kinda sad when you think about it.

The company's profit fell about 10% in 2007. Well maybe they can lower prices a bit to spur new sales.

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