MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, June 22, 2012 Peter Kraus is Sticking Around Peter Kraus just added five years to his planned tenure as AllianceBernstein's [profile] CEO. Reuters reported that the New York City-based mutual fund shop's board extended Kraus' contract for another five years, starting January 2014. The firm extended his term as they look into boosting shareholder confidence. Pete Smith, a board member, told the wire service: "The clients want to know there is stability in management and they appreciate the work Peter and this team are doing." His annual salary will remain at $275,000 under the new contract. Most of his compensation will be paid as equity units over his five-year term. Printed from: MFWire.com/story.asp?s=40405 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |