Angelica
Stephen O’Hara, Angelica Corp.’s president and chief executive, was paid $461,966 in 2007, according to Post-Dispatch calculations.
O’Hara’s base salary was $425,000, and he received $36,966 in other compensation, such as 401(k) matching contributions and restricted stock, the Chesterfield-based company said in a regulatory filing.
Angelica provides linen management services to health care institutions. No executive received a performance-based incentive award, even though Angelica has an incentive compensation plan based on "the achievement of financial and strategic" performance goals for each officer and overall financial goals for the company.
Angelica put itself up for sale in 2007 payday loan. If the company had been sold and O’Hara remained under a new owner, he would have received about $1.1 million. If he were fired after a change in control, he would have received more than $3.8 million.
Ronald Kruszewski, who replaced O’Hara as chairman of the board in September, earned $19,000, plus stock awards and dividend payments.
The Post-Dispatch excludes unvested stock awards and unexercised option grants so actual money received, not potential earnings, is reported.
— ANGELA TABLAC