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Cyril J. Taylor served as CEO of Cracker Barrel Old Country Store from early 2005 until mid-2006. His leadership spanned a pivotal time for the company, where he focused on enhancing performance metrics like operating income and revenue growth. In...

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Cyril J. Taylor

Ex-CEO of Cracker Barrel Old Country Store

Sector of Economy

Consumer Cyclical

CEO of Cracker Barrel Old Country Store for

1 year 6 months (Jan 2005 - Jul 2006)

Previous Experience

Unknown

Holdings

See how much did Cyril J. Taylor make over time.

Cyril J. Taylor's stock holdings during his time at Cracker Barrel were quite limited. In 2006, he had a unique compensation package that did not include vested stock, marking a notable approach in his executive strategy. His focus was primarily...

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Compensation History

See how much did Cyril J. Taylor make over time.

Cyril J. Taylor's compensation as CEO of Cracker Barrel was structured heavily around performance-based incentives. In 2006, he received a total of $2,574,120, making his role financially lucrative. His salary was $950,000, supplemented significantly with a bonus of $1,624,120, which was based on meeting specific performance targets set by the company. This approach emphasized results and operational success, showcasing a strong alignment between executive performance and company goals. The compensation strategy aimed to position total pay at the 75th percentile compared to peer organizations, ensuring competitiveness in retaining top talent. In 2005, his earnings were much lower at $408,333, primarily due to lower bonuses tied to the company's financial performance, with no stock grants in sight. This performance-driven compensation model indicates a style focused less on shareholding wealth accumulation and more on immediate results.

Year

2006

Total Compensation

$2.57M

Salary

$950.00K

Board Justification

The compensation philosophy is to align executive pay with performance, targeting total compensation at the 75th percentile relative to peer companies, focusing on retention and performance-based incentives.

Bonus

$1.62M

Board Justification

The bonus was based on the achievement of performance targets related to operating income from continuing operations, revenue growth, and operating margins during 2006.

Other

$0.00

Board Justification

No additional compensation was reported outside of salary, bonus, and options.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2006 as the focus was on cash compensation and bonuses.

Performance Metrics

The performance metrics included operating income from continuing operations, revenue growth, and operating margins.

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