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BLACKBAUD EXECS' PAY RISES Featured

Mike Gianoni, BlackbaudCompensation for executives at Blackbaud rose by double digits in 2017. The Charleston, S.C.-based nonprofit software vendor used stock awards to push up pay of five named executives by more than 19 percent each in the year ended December 31.

CEO Mike Gianoni had the largest increase as his compensation reached slightly less than $8 million last year, a 40-percent rise from $5.7 million for 2016. Most of that was $6.5 million in stock awards for 2017, a 52-percent rise over $4.3 million for that category the prior year. That still left him far under the $11.5 million he received in 2016, most of that from a $10.1-million stock award.

CFO Anthony Boor was given slightly more than $4 million in pay for 2017, an increase of 21.1 percent from $3.3 million in 2016. His stock award last year was $3.3 million, compared to $2.6 million a year earlier.

Kevin Mooney, the EVP who heads the general markets group, received $2.9 million last year, a rise of 19.2 percent from $2.4 million. EVP Brian Boruff, who is in charge of the enterprise markets group, was awarded $2.8 million in 2017 compensation, a rise of 45 percent from slightly less than $2 million. HR head, EVP John Mistretta, had $1.9 million in 2017, a 24.7-percent increase from $1.6 million the prior year.

General counsel, John W. Olson, was on the list for the first time and received $1.5 million.

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