Lawrence Lasser, president and chief executive of
Lassers bonus is more than twice of the $3 million one of Jeffrey Greenberg, chairman and chief executive of Putnams parent company,
Lasser also got $1 million in salary and 98,596 restricted Marsh & McLellan shares valued at about $4.2 million as of the close of trading Monday. Greenberg earned $1.2 million.
Although Lassers 2002 bonus is only a fraction of his $17 million bonus in 2001 and $33 million one in 2000, many executives at other companies got no bonus at all for 2002.