John Rutherfurd, Jr. led Moody's Corporation as Chairman and CEO until his retirement in April 2005. His tenure was marked by strategic growth and impressive financial results. In 2003, he earned over $3 million, including a bonus of nearly $2...

Number of Employees

15.44K

Year

2005

Total Compensation

$1.68M

Salary

$936.00K

Board Justification

The compensation philosophy is designed to provide a competitive total compensation package that retains key executives and motivates them to achieve outstanding performance for the Company, linking a substantial part of each key executive’s compensation to the achievement of the Company’s financial and strategic objectives.

Bonus

$552.87K

Board Justification

The bonus was awarded based on the Company's solid financial results and Mr. Rutherfurd's strong performance in managing the business and successfully effecting the transition to the new Chief Executive Officer, pro-rated for the year 2005.

Other

$195.46K

Board Justification

This amount represents aggregate annual Company contributions for Mr. Rutherfurd's accounts under the Profit Participation Plan and the Profit Participation Benefit Equalization Plan.

Restricted Stock

$0.00(146.11K restricted stock)

Board Justification

In recognition of Mr. Rutherfurd’s service, the Company caused the restricted shares awarded to him on February 22, 2005, to vest in full upon his retirement on April 26, 2005.

Performance Metrics

The performance metrics considered included the Company's growth in operating income and earnings per share compared with its intermediate-term growth targets.

SEC Filing

From March 22, 2006

John Rutherfurd, Jr.

Ex-CEO of Moody's

JR

Education

Bachelor's degree from Princeton University, MBA from Harvard Business School

Field of Expertise

Finance & Banking - Finance

Born

October 15, 1941 - 83 years ago

Is Founder?

No

Tenure

6 years 6 months (Oct 1998 - Apr 2005)

Previous Experience

Various executive roles at Moody's and its predecessors