Callaway CEO Agrees To Stay Awhile

by The Editors on September 8, 2008

According to a story on Golfweek.com Carlsbadistan’s number one golf company Callaway is holding on to CEO George Fellows until at least 2011 thanks to an agreement made by the company’s board of directors.

Fellows, 65, joined Callaway in August 2005. Last year, the Carlsbad, Calif.-based equipment maker posted record net sales of $1.125 billion and fully diluted earnings of $0.81, an increase of 138 percent compared with the previous year.

Fellows will be making “not less that $925,000” and is up for a bonus that could equal that salary. That’s not a bad paycheck for working in God’s favorite city.

[Link: Golfweek]

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