10.13.2008 5:30 pm
Allied hands CEO a 14% raise
St. Louis Post-Dispatch
Allied Healthcare Products paid its chief executive, Earl Refsland, $440,282 in total compensation during its latest fiscal year, an increase of 14 percent from the year before. The figures are in a proxy statement that the St. Louis company filed last week with the SEC.
Refsland’s salary rose 7 percent to $379,519. He also got a big boost in his auto allowance — to $19,405 from $4,837 — and on the taxes that Allied paid on that and other benefits.
Allied’s earnings per share fell 55 percent in the fiscal year, which ended June 30. Its shares have fallen 36 percent so far this year.
(No Ratings Yet)
Loading ...
David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page. 
here is another example of one of the many factors that have created, what is being called a “crisis” but should be labled as a scandal!
The PD’s reporting is, as usual, shoddy.
A quick read of the proxy shows even worse…the data reported is looking backwards, the proxy shows an increase in his base salary this past August that takes it to $415k
“In August, 2008, annual base salaries of the NEOs were increased to the following respective levels: Mr. Refsland, $415,000;…”