Despite stewarding a mixed financial performance at Callaway Golf Company (ELY-$7.90), Chief Executive George Fellows received compensation valued at $4.0 million in 2008, only slightly less than his 2007 take home pay, according to an analysis of the the 2009 regulatory proxy statement filed with the SEC. Fellows also received from the company—in each year—a payment of $66,500 to assist him with travel expenses "not otherwise reimbursable under the Company’s policies." Obscuring the true nature of the payments calls into question the Board's Governance Policy. Read More….
Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.
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