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...

Number of Employees

2.57K

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.

SEC Filing

From March 15, 2013

Walter C. Rakowich

Ex-CEO of Prologis

WC

Education

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

Field of Expertise

Real Estate & Construction - Real Estate

Born

January 1, 1962 - 63 years ago

Is Founder?

No

Tenure

7 years 11 months (Jan 2005 - Dec 2012)

Previous Experience

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