For four decades, some determined people sought to change the course of American history.Some ideals, are now part of the fabric of the country, like breakfast programs for inner city kids. Stick with this movie. It has a lot to say, a lot to reveal and is pertinent to today's testy police/civilian race relations.
SAN FRANCISCO — Clorox Co. gave CEO Don Knauss compensation valued at $7.5 million, a 5 percent raise, as the company's profit rose despite the economic tumult of the past year.
The Oakland, Calif.-based consumer products maker boosted Knauss' salary by 7 percent to $1.1 million for fiscal 2009, which ended in June. He was also awarded stock and options worth nearly $5 million at the time they were granted on Sept. 16, 2008, up 9.5 percent from the prior year, according to an Oct. 2 regulatory filing.
Half the value of those grants was given as stock options with a strike price of $63.95, which has left the options underwater since the stock has stayed below that level since then. It now trades at $58.15, as of Wednesday afternoon.
Knauss also received $217,256 in perks and other compensation, a 15 percent drop from the prior year.
The pay raise came as Clorox's annual profit rose 16 percent and its adjusted profit handily beat analyst expectations. Yearly revenue rose 3 percent.
Sean Donnelly/Contra Costa Times/MCT A medical marijuana patient at right smells cannabis at Coffeeshop Blue Sky, a medical marijuana disp...
U2 is coming to rock Spartan Stadium. The acclaimed Irish rock group announced Sunday that its summer 2010 tour will take it to the Michigan St...