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...

Current Market Cap

$106.59B

Number of Employees

2.57K

Total Compensation

2008 - 2012

Trending up by 523.73% last year
Showing total compensation for the last 2008 - 2012

Stock

Up by 0.00% last year

Salary

Up by 72.17% last year

Bonus

Down by -25.00% last year

Other

Up by 85266.85% last year

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