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Karmanos making Staal money
by David Lee on 07/16/10 at 07:38 AM ET
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On Thursday, the Hurricanes learned that owner Peter Karmanos was given a fat paycheck from Compuware this year. When the company he founded reached share-based and sales incentives, he and the other executives received big bonuses. Mr. Karmanos’ bonus was $3.582M. With his base salary, this incentive bonus and a couple of other bonuses, Karmanos’ total earnings from Compuware were $8,592,364 this fiscal year, compared to $4.156M the previous season.
Mr Karmanos is still looking to sell 49% of the Hurricanes to a local investor, which would put a whole lot more cash in his pocket.
The salary Karmanos got from Compuware is a little bit more than the $7.5M raw salary that he will pay Eric Staal this season. The cap hit for Staal is $8.25M.
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Tags: Carolina+Hurricanes, Peter+Karmanos,
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About Red & Black Hockey
David Lee is a restaurant manager with an unused degree in political science. He can be found at Carolina Hurricanes games, Scrabble tournaments and indie-rock shows. Sometimes, all in the same day.
David has contributed to CBC.ca for their Stanley Cup playoff coverage in 2006 and to the New York Times Slapshot blog for theirs in 2008. Red and Black Hockey was founded in July of 2005.
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