David W. Joos, born in 1953, led CMS Energy Corporation and its main subsidiary, Consumers Energy, from 2004 until 2010. He began his journey with Consumers in 1976 and worked his way up through various roles, showing his commitment to...

Current Market Cap

$21.22B

Number of Employees

8.36K

Total Compensation

2006 - 2010

Trending down by -55.11% last year
Showing total compensation for the last 2006 - 2010

Stock

Down by -55.82% last year

Salary

Down by -57.18% last year

Bonus

Down by -58.63% last year

Other

Up by 146.86% last year

Year

2010

Total Compensation

$2.80M

Salary

$464.58K

Board Justification

The compensation philosophy aims to align the interests of executives with shareholders, secure top talent, reward results, and maintain competitive compensation.

Bonus

$664.35K

Board Justification

The bonus was based on performance metrics including EPS and cash flow, with a payout of 143% of target due to exceeding performance goals.

Other

$126.75K

Board Justification

This includes contributions to nonqualified deferred compensation plans, life insurance, and other benefits.

Restricted Stock

$1.54M(104.23K restricted stock)

Board Justification

The vested stock was awarded as a tenure-based restricted stock award for ongoing advice and counsel to the CEO, with a total value of $1,540,505.

Performance Metrics

The performance metrics for 2010 included Total Shareholder Return (TSR), Earnings Per Share (EPS), and Cash Flow.

SEC Filing

From April 8, 2011