Sundar PichaiSundar Pichai earned $164M in 2023
D

Richard N. Berman

Ex-CEO of Dorman Products

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Born

January 1, 1940 - 85 years ago

Economy Sector

Consumer Cyclical

Tenure

10 years 0 months (Jan 2001 - Jan 2011)

Previous Experience

Long-term executive at Dorman Products

Richard N. Berman was the Chairman and CEO of Dorman Products, a company focused on the automotive parts industry. Sadly, he passed away on January 29, 2011, just a couple of days before his tenure was formally noted in the...

Year

2011

Total Compensation

$724.25K

Salary

$43.94K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and shareholder interests, focusing on retention and performance-based incentives.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2011 due to the passing of Richard N. Berman in January 2011.

Other

$680.31K

Board Justification

Includes salary continuation payments, medical benefits, and other compensation as per the employment agreement following his passing.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2011 as Richard N. Berman passed away before any could vest.

Performance Metrics

The performance metrics for determining compensation were based on the company's growth in income before income taxes, adjusted for one-time or unusual items.