{"id":3040,"date":"2008-08-13T16:20:51","date_gmt":"2008-08-13T23:20:51","guid":{"rendered":"http:\/\/www.carlsbadistan.com\/?p=3040"},"modified":"2008-08-13T16:23:21","modified_gmt":"2008-08-13T23:23:21","slug":"invitrogen-management-getting-paid","status":"publish","type":"post","link":"http:\/\/www.carlsbadistan.com\/?p=3040","title":{"rendered":"Invitrogen Management Getting Paid"},"content":{"rendered":"<p><a href=\"http:\/\/www.carlsbadistan.com\/wp-content\/uploads\/2008\/08\/g-lucier-lrg.jpg\" onclick=\"window.open('http:\/\/www.carlsbadistan.com\/wp-content\/uploads\/2008\/08\/g-lucier-lrg.jpg','popup','width=455,height=500,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.carlsbadistan.com\/wp-content\/uploads\/2008\/08\/g-lucier-lrg-tm.jpg\" height=\"219\" width=\"200\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"G Lucier Lrg\" \/><\/a><strong><em><a href=\"http:\/\/www.sandiegoreader.com\/news\/2008\/aug\/13\/sunshine-and-moola-too\/\" target=\"_blank\">The San Diego Weekly Reader&#8217;s<\/a><\/em><\/strong><strong> Don Bauder<\/strong> asked executive compensation expert <strong><a href=\"http:\/\/www.graefcrystal.com\/\" target=\"_blank\">Graef Crystal<\/a><\/strong> to &#8220;figure out how the remuneration of head bean counters at five large San Diego companies compared with pay of their counterparts elsewhere.&#8221;<\/p>\n<p>Turns out <strong><a href=\"http:\/\/www.invitrogen.com\/\" target=\"_blank\">Invitrogen&#8217;s<\/a><\/strong> CFO <strong>David Hoffmeister,<\/strong> who made $2.2 million last year, was &#8220;a bit ahead of what he should have made by Crystals reckoning.&#8221; But, according to Bauder, Invitrogen stock beat the market by 60 percent. Maybe that is why Invitrogen CEO <strong>Gregory Lucier<\/strong> (pictured right) is doing so well.<\/p>\n<blockquote><p><strong>Gregory Lucier<\/strong>, in pulling down $29 million, made a whopping 583 percent above the market based on company size and pay risk, says Crystal. But the company&#8217;s stock has to meet certain future targets. Lucier is not supposed to get another award until the end of next year. Crystal tends to pooh-pooh such declarations, stating that boards of directors often forget that they said they wouldn&#8217;t dole out any more for a long period. &#8220;You grant it, I count it,&#8221; says Crystal.<\/p><\/blockquote>\n<p>As long as Lucier and Hoffmeister keep that stock climbing, we&#8217;re all good with whatever they are getting paid.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.sandiegoreader.com\/news\/2008\/aug\/13\/sunshine-and-moola-too\/\" target=\"_blank\">San Diego Weekly Reader<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The San Diego Weekly Reader&#8217;s Don Bauder asked executive compensation expert Graef Crystal to &#8220;figure out how the remuneration of head bean counters at five large San Diego companies compared with pay of their counterparts elsewhere.&#8221; Turns out Invitrogen&#8217;s CFO David Hoffmeister, who made $2.2 million last year, was &#8220;a bit ahead of what he [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[8,34],"tags":[],"_links":{"self":[{"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts\/3040"}],"collection":[{"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3040"}],"version-history":[{"count":0,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts\/3040\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3040"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}