Co-presidents Duncan Angove and Stephan Scholl received $18.5 million each (but not exactly the same amount. The other amounts were as follows: COO Pam Murphy $8.4 million; EVP of global product development. Soma Somasundaram, $4.9 million and CFO Kevin Samuelson, $2.7 million. The six also received grants of Class C Units of IGS Holdings as vested management incentive units for purposes of the limited partnership agreement of IGS and they will later receive grants of Class D units. The class C units are keyed to the equity value of IGS and they will be able to put the Class D units to IGS for repurchase on a number of anniversary dates with values linked to IGS distributions. Phillips received 14.5 million Class C units and Angove and Scholl, 8.2 million each; Murphy, 3.7 million; Somasundaram, 2.2 million; and Samuelson, 1.2 million.
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INFOR EXECS CLEAN UP Featured
The $2-billion investment by Koch Equity Development into Infor was a bonanza for six top executives, who received one-time bonuses. The awards were made when the deal closed this month. Charles Phillips, CEO of the giant software company was given $32.7 million to lead the pack.
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