CEO Gary Black got a salary of $800,000, a bonus of $2.9 million and $4.3 million in stocks and other benefits.
Compensation for all of the named executives is down an average of 20% this year, including the board, Janus spokesman James Aber told Investment News. Compensation has decreased as a result of the difficult environment and its impact on investment results and the firms financials.
Janus net income fell 27.9% in 2008 to $138.4 million, down from $192 million the previous year. Assets under management suffered worse, declining 40.3% to $123.5 billion from $206.7 billion at the start of 2008.