In 2012 IMAX shares were up 18.7%, while CEO Rich Gelfond’s total pay package was down 34.3%.
Gelfond‘s package included $750,000 salary, $1M bonus, $1.7M change in pension value, and $126,275 in other compensation.The “other” category included $26,865 for personal use of a company car, according to the company proxy filed at the SEC on Thursday.
Gelfond’s package was 2.3 times the median for IMAX’s four other top execs, comfortably below the level (3 times) that worries analysts and academics who are suspicious of concentrated CEO power. Last year Gelfond’s pay was 4.3 times higher than his colleagues
