SSCC Paid $50.4 Million in Bonuses in 2009
An SEC filing shows that Smurfit-Stone Container Corp. paid about $50.4 million in bonuses last year — including $8.1 million to executives — and the company still owes about $1.18 million in property taxes to Missoula County, Mont., reports the Associated Press.
The filing signed Jan. 28 says Smurfit-Stone CEO Patrick Moore got more than $1.5 million in bonus pay in 2009. President and COO Steve Klinger took in nearly $1.1 million the same year. Smurfit-Stone spokesman Mike Mullin declined to say if the bonuses were paid out in cash or stock options or some combination.
Tuesday, February 23, 2010
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