T. Rowe executives saw compensation fall in 2009

March 05, 2010

The chief executive of Baltimore money manager T. Rowe Price Group received about $4.7 million in compensation last year, a 17 percent drop from 2008. James A.C. Kennedy's $350,000 salary remained the same, but the value of his option awards and nonequity incentive plan compensation slumped. That comes on top of a decrease in 2008, a terrible year for financial companies. Kennedy's 2007 compensation was $7.9 million. Brian C. Rogers, chairman and chief investment officer, took a 29 percent cut last year, to $4.7 million.

- Jamie Smith Hopkins

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.