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Institutional Financial Markets, Inc. Message Board

  • ethison ethison Sep 24, 2012 8:47 PM Flag


    Gets a raise..................

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    • On September 18, 2012, the Compensation Committee of the Board of Directors of Institutional Financial Markets, Inc. (the "Company") approved an increase in Daniel G. Cohen's annual guaranteed cash compensation by $400,000 per year such that Mr. Cohen's annual guaranteed cash compensation will be $600,000 per year. Mr. Cohen serves as the Chairman, Chief Executive Officer and Chief Investment Officer for both the Company and its direct subsidiary, IFMI, LLC ("IFMI") and, since July 2012, has served as Chairman and Chief Executive Officer of PrinceRidge Partners LLC, an indirect subsidiary of the Company. Notwithstanding Mr. Cohen's previously disclosed agreement to forgo receipt of his base salary under his Employment Agreement with the Company and IFMI as well as the subsequent action by the Compensation Committee to increase Mr. Cohen's compensation, for purposes of the severance provisions of such Employment Agreement, Mr. Cohen's "Base Salary" was and will continue to be $1,000,000.

    • Yeah but he's taken the stock from 30+ in four years to a buck ..... that's gotta be worth something .... :-)

      Sentiment: Hold

1.09+0.01(+0.92%)Sep 30 3:59 PMEDT