Robert D. Welding served as the CEO of Federal Signal Corporation from 2005 until his resignation in December 2007. During his time at the company, he helped steer the organization through significant challenges. He had a base salary of $686,700,...

Robert D. Welding served as the CEO of Federal Signal Corporation from 2005 until his resignation in December 2007. During his time at the company, he helped steer the organization through significant challenges. He had a base salary of $686,700, with the potential to earn much more through performance-based bonuses—a system that aligned his earnings with the company's financial success. In 2007, his total compensation reached approximately $3.7 million. This included bonuses tied to the company’s performance metrics, reflecting his responsibility for improving Economic Value. An interesting fact is that on the day he stepped down, he had accumulated notable unvested stock options and benefits, but also forfeited much of his stock due to his departure. His leadership at Federal Signal coincided with economic ups and downs for the company, making it a testing time for him. Welding’s approach focused on long-term incentives and aligning executive performance with shareholder interests.