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The BOD said today they will compensate the newly elected President and CEO of Harley Davidson to the tune of $1 million per year + other incentive awards when he assumes his new position as of March 1. 2015. In his current position he has been compensated about $743,000 annually. Nice little pop. He has been with the company a long time so the board probably figured that they had to take care of him or he would be short lived. I hope he does well.
That's a bargain...runs a multi billion dollar corporation and accountable for profitable growth. I'm sure the incentives are lucrative, as long as he hits the operational targets. Wish him luck...
I'll be surprised if those other "incentive rewards" don't put him at $15 million a year, right along side CEO's of other American Fortune 500 companies.
Nice tone, guys. Not what I expected when I read the title.
I wish upon him three times his base salary IF the company thrives under his leadership. Or more if it's justified by his bosses.
The is AMERICA, and it's nice to see people celebrate and welcome the rewards that come from hard work and success. It's unfortunately becoming an evil in this era of wealth redistribution we're currently living in.
The CEO of a large, publicly- traded company pretty much lives the job 24/7 and is amply rewarded if he does well. That's the American way. Nothing wrong with that.
If he makes his incentives, he will reap the rewards, and so will the shareholders. If he doesn't make his incentives, he could get the hook. Base salary of $1M plus incentives for a CEO isn't a horrible deal at all.
I wish him well.
He's been with Harley a number of years and is an engineer, so he knows something about motorcycles. A big improvement over the last CEO who came from Honeywell and well, I suppose, knew a lot about thermostats.
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Slideshow: The bar-and-shield logo shows up on far more than motorcycles, some of the company's most unexpected products have nothing to do with riding.
Slideshow: From the troubled AMF years to modern misfires, these bikes earned reputations for reliability issues, questionable engineering, or disappointing performance.
Crazy Bunderbike Build Looks Amazing, But Is It Impossible to Ride?
Slideshow: The Swiss custom shop has taken a Harley Softail and stretched it into something so long and low that it looks closer to a rolling sculpture than a conventional motorcycle.
Engraved Rebellion: Inside Bundnerbike's Glam Rock II
Slideshow: A standard cruiser becomes an intricate metal canvas in the hands of a Swiss custom house known for pushing Harley-Davidson platforms far beyond their factory brief.
Slideshow: Harley-Davidson's challenges aren't abstract; they show up in dropping shipments, shrinking dealer traffic, and strategic decisions that aren't yet translating into growth.