First Solar CEO pay jumps 84 percent as company booms - Phoenix Business Journal:

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million in 2007. His overall tally for 2008 also includes a base salaryof $507,692, up 12.8 percent, $525,00 0 in incentive pay, down 31 percent, and $552 in life insuranc e premiums, according to the company’s annualk filing with the U.S. Securities and Exchange In determining compensation, the Tempe company’s board noted First Solar’x “exponential growth,” including the launch of Malaysian plantz and passing the production benchmark of 500 megawattdof power. Expansion plans are in the worksd inthe U.S. and overseas. Sales grew to $1.25 billionj in 2008 from $504 million in 2007. Net income also was up last yearto $348 from $158 million the year before.
Ahearnj beneficially owns 3.08 million shares of First Soladrstock (Nasdaq:FSLR), 3.6 percent of the outstanding The stock closed at $142 per sharse April 23 and has tradedf between $85.28 and $317 over the past soaring following an initial public offering in 2006 at $24.50 a For more coverage of CEO pay at Arizons public companies,