Millipore execs see big 2008 payouts – Boston Business Journal:

However, the year-over-year rise in pay was distorted bysome $1.8 millionm in severance payments doled out to formetr senior executives Dominique Baly and Gregory Sam, who both left companty Dec. 31. When carving out those addesd payments, Millipore’s executive team’s total pay rose a more modest 23 percentin 2008. CEO Martin Madaus saw the largesg increasein pay, in dollar terms, as his totapl compensation jumped 39.5 percent to $4.77 That included $850,962 in base more than $3 million in stock and optionh awards and miscellaneous other perks. Madaus’ tota l compensation was $3.42 million in 2007.
Baly, the formet president of Millipore’s (NYSE: MIL) bioscience was paid $2.5 million in a 143 percent increase overhis $1 millionn pay package in 2007. $1.19 million of last year’xs take came in the form of accrued severance Hecollected $345,501 in base pay last Likewise, some $653,818 of Sam’d $1.6 million pay package came in the form of severancd pay. The former vice president of globap quality waspaid $291,375 in base salary last His 2007 compensation was not Among the other Millipore executives to see 2008 pay raisees were chief financial officer Charles Wagnerf Jr. (total pay $1.34 million in 2008, up 29 and vice president of global chaim PeterKershaw ($1.
19 million, up 20 percent). based in Billerica, Mass., booked $1.6 billion in revenue and net incomreof $146 million in compared with revenue of $1.53 billiomn and net income of $136 million the priod year.
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