Sundar PichaiSundar Pichai earned $164M in 2023
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Norman S. Rich

Ex-CEO of Weis Markets

Field of Expertise

Consumer Goods & Retail - Retail

Economy Sector

Consumer Defensive

Tenure

14 years 11 months (Jan 1994 - Dec 2008)

Previous Experience

Unknown

Norman S. Rich served as the CEO of Weis Markets, Inc. from 2002 until his retirement in 2008, marking a notable 44 years with the company. Before becoming CEO, he held various important roles within the organization, including President. Rich...

Year

2008

Total Compensation

$691.04K

Salary

$675.00K

Board Justification

The compensation philosophy aims to attract and retain qualified executives by providing competitive compensation packages aligned with company performance and peer benchmarking.

Bonus

$10.13K

Board Justification

The bonus is based on the achievement of specific financial objectives set by the Compensation Committee, with a payout potential of up to 50% of base salary for the CEO.

Other

$5.92K

Board Justification

Other compensation includes contributions to the SERP and perquisites such as use of company automobiles and tax filing assistance.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2008 as the company does not have an equity-based incentive plan.

Performance Metrics

The performance metrics for determining the CEO's compensation included total company sales growth and operating profit growth compared to the previous fiscal year.