John S. Brinzo served as the CEO of Cleveland-Cliffs Inc. from 2000 until his retirement in 2006. During his time at the helm, he witnessed the company's transformation, leveraging his extensive experience in finance and management. One of his significant...

Number of Employees

28K

Year

2009

Total Compensation

$2.16M

Salary

$750.50K

Board Justification

The compensation philosophy aims to attract, motivate, reward, and retain high-performing executives, aligning pay with company performance and market practices.

Bonus

$1.33M

Board Justification

The bonus is based on the Executive Management Performance Incentive Plan (EMPI) which evaluates the company's performance against pre-established financial and strategic objectives.

Other

$82.01K

Board Justification

Other compensation includes company paid parking, financial services, and costs associated with spouses traveling with executives on business trips.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2009 as the focus was on performance shares and restricted share units.

Performance Metrics

The performance metrics for 2009 included pre-tax earnings, cost control measures, and corporate strategic objectives.

SEC Filing

From March 26, 2010