|
|
Executives at Harley-Davidson Receive Substantial Bonuses
Wednesday, March 28th, 2012 -- 8:43 am
Posted by Riley Hebert-News Director
-The top five executives at Harley-Davidson Inc. received discretionary and performance-based bonuses totaling almost $5.7 million in 2011, including more than $2.8 million for CEO Keith Wandell, who led the motorcycle company's restructuring.
According to the Milwaukee Journal, the bonuses and other compensation were revealed Tuesday in Harley-Davidson's annual proxy filing with the Securities and Exchange Commission.
Wandell, who has been with the company nearly three years, launched a restructuring that realized $217 million in saving for the company in 2011, including job reductions at Harley's largest motorcycle assembly plant in York, Pa.
This spring, Harley is implementing a new production planning system aimed at building motorcycles to more closely match demand. Some of the changes launched in York are coming to the company's Wisconsin plants.
In 2011, Harley-Davidson produced a profit of $599.1 million, up from $146.5 million, in 2010.
|
|
|
VIEW OUR ARCHIVE
|
|
