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Sun: Where Are the Shareholders' Chauffeurs?

in News on September 26, 2008 at 11:32 am PT

I was poking around looking for an explanation for today’s slide in Sun Microsystems (JAVA) shares when I read a fairly astonishing AP piece from a couple of days ago on the pay package paid in the June 2008 fiscal year to CEO Jonathan Schwartz. It turns out that in fiscal 2008 Schwartz was paid $11 million, a 44 percent raise over his fiscal 2007 compensation package.