Walter C. Rakowich led ProLogis as CEO from 2008 until his retirement in 2012, during a challenging financial time for the global logistics industry. Before becoming CEO, he played multiple roles at ProLogis since 1994, which gave him deep insights...

Walter C. Rakowich led ProLogis as CEO from 2008 until his retirement in 2012, during a challenging financial time for the global logistics industry. Before becoming CEO, he played multiple roles at ProLogis since 1994, which gave him deep insights into the company's operations. Notably, he navigated ProLogis through its merger with AMB Property Corporation in 2011, significantly boosting its market position. Under his leadership, the company's structure changed to align executive pay closely with company performance and shareholder interests. In 2012, Rakowich's total compensation peaked at over $20 million – a mix of salary, bonuses, and stock options, showcasing the risks and rewards of his role. His strategic decisions and focus on performance helped steer ProLogis to greater heights. Going forward, Hamid R. Moghadam succeeded him as CEO, marking the end of an era that saw several fluctuations in the real estate market.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Prologis CEOs

P

Walter C. Rakowich

Ex-CEO of Prologis

Education

Holds a degree in Business Administration from the University of Southern California.

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Real Estate

Born

January 1, 1962 - 63 years ago

CEO of Prologis for

7 years 11 months (Jan 2005 - Dec 2012)

Previous Experience

Formerly served as the Chief Executive Officer of ProLogis, Inc.

Rivals

Competitors/colleagues of Walter C. Rakowich

V

Monica Howard Douglas

CEO of VICI Properties Inc.

2023 Compensation

Stock

$2.33M

Salary

$1.00M

Bonus

$0.00

Other

$27.68K

Total Holdings

$4.12M

E

Marshall A. Loeb

CEO of EastGroup Properties

2022 Compensation

Stock

$2.96M

Salary

$745.00K

Bonus

$0.00

Other

$337.65K

Total Holdings

$25.88M

A

Andrew R. Jassy

CEO of Amazon

2023 Compensation

Stock

$27.83M

Salary

$365.00K

Bonus

$0.00

Other

$992.76K

Total Holdings

$19.04M

B

Owen D. Thomas

CEO of Boston Properties

2023 Compensation

Stock

$0.00

Salary

$950.00K

Bonus

$2.72M

Other

$31.64K

Total Holdings

$615.83K

T

W. Blake Baird

Founder and CEO of Terreno Realty

2020 Compensation

Stock

$7.60M

Salary

$800.00K

Bonus

$0.00

Other

$8.55K

Total Holdings

$54.93M

R

Howard Schwimmer

Founder and CEO of Rexford Industrial Realty

2021 Compensation

Stock

$0.00

Salary

$750.00K

Bonus

$1.88M

Other

$16.91K

Total Holdings

$2.05M

Holdings

See how much did Walter C. Rakowich make over time.

Walter C. Rakowich's equity holdings in ProLogis show a journey of significant fluctuation. At one point, his wealth was heavily tied to a substantial stock option package granted during his tenure. After the merger with AMB in 2011, he received...

Walter C. Rakowich's equity holdings in ProLogis show a journey of significant fluctuation. At one point, his wealth was heavily tied to a substantial stock option package granted during his tenure. After the merger with AMB in 2011, he received a notable compensation that included restricted stock units, valuing nearly $7.5 million, illustrating how well he aligned his interests with shareholders. The peak of his holdings came in 2012, right before his retirement, when he profited significantly from stock appreciation and vested options. However, he faced ups and downs before this peak, including years (like 2009) where he didn't vest any stock due to economic conditions. Through various market conditions, Rakowich's holdings reflected his strategies and the overall performance of ProLogis, tying his financial success directly to the company's fortunes.

Mar 17, 2025

H

shares

HST @ $15.30

I

shares

IRM @ $89.15

P

shares

PLD @ $114.44

Total Stock Sold

$11.01M

HST

$535.62K

30,815 HST shares

IRM

$648.16K

16,411 IRM shares

PLD

$9.83M

290,000 PLD shares

What if they kept their stock?

If Walter C. Rakowich didn't sell their stock, today they would have:
Extra HST30,815 shares worth $367.01K and IRM16,411 shares worth $444.90K and PLD290,000 shares worth $26.60M.
This is 149.01% and $16.40M more than what they got when they sold the stock.

Charitable Transactions

PLD

11,500 shares

PLD

Recent Charitable Transactions

PLD

3,500 shares

PLD

Dec 31, 2012

Charity

PLD

8,000 shares

PLD

Dec 31, 2011

Charity

Insider Trading

See recent insider trades of Walter C. Rakowich.

IRM

$77.59K

IRM at $81.33/share

Jun 5, 2024

Sale

IRM

$23.85

IRM at $0.01/share

May 30, 2024

Received

HST

$72.64K

HST at $18.64/share

May 16, 2024

Sale

HST

9,740 shares

HST

May 15, 2024

Received

HST

$64.44K

HST at $17.47/share

Jun 5, 2023

Sale

IRM

$67.69K

IRM at $55.53/share

May 19, 2023

Sale

HST

9,221 shares

HST

May 18, 2023

Received

IRM

$30.47

IRM at $0.01/share

May 9, 2023

Received

HST

$64.52K

HST at $19.61/share

May 19, 2022

Sale

HST

8,226 shares

HST

May 19, 2022

Received

Compensation History

See how much did Walter C. Rakowich make over time.

Walter C. Rakowich's compensation journey at ProLogis reflects how executive pay can vary widely based on performance and market conditions. In 2012, he earned over $20 million, driven by a mix of salary, bonuses, and stock awards. His annual salary was $1 million, along with a $1.5 million performance-based bonus that represented his significant contributions to the company. However, his pay wasn't always this high; in earlier years, like 2009, he opted not to receive a long-term equity award amidst tough economic times, earning only around $3 million that year. His most substantial compensation came after striking a balance between performance metrics and aligning executive incentives with shareholder interests during a company merger. His retirement package was also noteworthy, granting him a severance of $6 million, underscoring the intricate relationship between executive roles and corporate performance.

Year

2012

Total Compensation

$16.14M

Salary

$1.00M

Board Justification

The compensation philosophy is based on pay-for-performance principles, aligning executive compensation with company performance and stockholder interests.

Bonus

$1.50M

Board Justification

Annual cash bonus opportunity based on performance, awarded at target level for 2012 performance, paid in February 2013.

Other

$6.14M

Board Justification

Includes a severance payment of $6,000,000, accrued vacation benefits of $79,880, and health and welfare benefits of $54,765 due upon retirement.

Restricted Stock

$7.50M(230.49K RSU)

Board Justification

Restricted stock units granted for 2011 performance, vested in 2012.

Performance Metrics

Performance metrics include annual base salary, annual bonus opportunity based on company performance, and long-term equity incentive awards.

Other Prologis CEOs

Here are other CEOs of Prologis

Hamid R. Moghadam

CEO of Prologis

January 2013 - Present