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SAGE EXECUTIVE PAY DROPS

Guy Berruyer, SageCompensation for the two top executives for the Sage Group dropped by double digits for the year ended September 30. CEO Guy Berruyer earned about $1.5 million for fiscal 2012, down 27 percent from the prior year. CFO Paul Harrison got roughly $862,000, a similar drop. Only pay for the members of the executive committee is reported and the other member, David Clayton, left the board in February 2012, but continued work until June last year.

The British compensation reporting structure, however, is not as neat as that in the United States in which all forms of pay for named executives are put into a single chart with the value of options and stock awards calculated and everything totaled. Here, option and stock awards are spread through different pages, while pricing is broken out for different sets of grants, which actually makes the charts tougher to read. The 2012 annual report noted there were no awards under the executive option plan. The other most important factor was stock grants. On March 14 this year, the company reported that that Berruyer got 527,286 shares, Harrison 324,736 and Pascal Houillon, CEO of Sage North America, 381,466. The latest share price was 341.90 pence at the end of trading today.– you do the math.

 

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