Joseph G. Morone has been known for not accumulating substantial stock holdings during his tenure at Albany International. His personal wealth mostly resided in his salary and cash bonuses. In 2019, he was paid approximately $3.9 million, but a large...

Joseph G. Morone has been known for not accumulating substantial stock holdings during his tenure at Albany International. His personal wealth mostly resided in his salary and cash bonuses. In 2019, he was paid approximately $3.9 million, but a large part of this came from performance bonuses rather than stock options or equity grants. He did not have shares vesting or significant stock grants during his later years, indicating that he might have preferred direct compensation methods. The absence of stock awards points to a unique choice as many CEOs typically align their wealth closely with their company's long-term stock performance. His peak wealth was primarily tied to his ability to meet performance metrics rather than the volatility of stock markets, a different strategy from many of his peers.