Michael W. Brennan was the President and CEO of First Industrial Realty Trust until his resignation in October 2008. He has a strong background in real estate and played a significant role in shaping the company during his tenure. In...

Michael W. Brennan was the President and CEO of First Industrial Realty Trust until his resignation in October 2008. He has a strong background in real estate and played a significant role in shaping the company during his tenure. In 2008, Brennan's total compensation was over $5.3 million, primarily attributed to a cash salary of $501,134, which shows the company's performance-based compensation strategy. Notably, he left the company with a severance package of around $4.6 million, which reflects his contributions while leading the firm. His leadership came during a challenging time in the industry, and he demonstrated a focus on aligning executive compensation with company performance, which is essential in a competitive market like real estate. Despite the difficulties faced under his leadership, Brennan's strategies and decisions are still a subject of analysis for those interested in executive management and corporate governance. Before his resignation, he had accumulated significant shares in the company, indicating a strong personal investment in its success. Brennan's experience and decisions have left an imprint on First Industrial Realty Trust, making his career trajectory interesting for anyone studying leadership in corporate America.