Friday, March 28, 2008

Leggett & Platt CEO receives 37 percent pay cut

A filing with the Securities and Exchange Commission indicates the CEO of Carthage-based Fortune 500 company Leggett & Platt received a 37 percent pay cut during 2007.
The cut came because the company awarded him two-thirds less in stock options, according to an Associated Press analysis. Don't feel bad for Haffner, however. The cut left him with only $1.9 million in compensation, including a base salary of $800,577.

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