(Crain’s) — Morningstar Inc.’s top executives, including founder and CEO Joe Mansueto, took pay cuts last year as the company’s profitability slipped.Pay for Mr. Mansueto, who owns 52.5% of the financial information provider and declines bonuses, declined about 6% to $100, 202 last year from $106,145 in 2008, according to the Chicago-based company’s proxy filing Thursday with the Securities and Exchange Commission.Larger pay reductions came for three of the four next-highest-ranking officers.
Posts Tagged ‘Control Expenses’
Morningstar’s Mansueto, other top execs hit with pay cuts
April 8th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Bonus Amounts, Business Environment, Chief Financial Officer, Chief Operating Officer, Compensation Committee, Control Expenses, Corporate Profitability, Efficiencies, Execs, Financial Information Provider, Joe Mansueto, Maximum Bonus, Morningstar, Operational Goals, Scott Cooley, Securities And Exchange Commission, Stock Awards, Stock Options, Tao Huang, Top Executives 
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