Thursday, January 08, 2009

IMAX Chief Eexcutive's Pay Experience

In January 2010, Richard Gelfond, Chief Executive Officer of IMAX Corp (IMAX-$4.53), will receive a 20 percent raise, increasing his cash compensation to $600,000 per year, according to his new service agreement. Profit performance at the entertainment provider of the large-format movie screens (up to eight stories high and 120 feet wide) has been erratic, and consensus estimates reflect continued net losses through the end of 2009. Is Gelfond’s new compensation arrangement too extravagant? Read More….

Reporting by contributor Debra Fiakas, who does not hold a financial interest in any stocks mentioned in this article. The 10-Q Detective has a Full Disclosure Policy.

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