Ev3

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million in 2008, thanks partly to a severancew package worth morethan $1 million. Corbett’es compensation was up from $2.6 milliom in 2007. The increase was mostly due to $1.3 millionj in severance benefits. The other half came from optionxs andstock awards. Corbettr (NASDAQ: EVVV), a Plymouth-based medical devicd maker, last April. Corbett’s successor, Roberg Palmisano, made $1.7 million in mostly in options awards, base salarty and non-equity incentive plan compensation. Ev3’s sharse price dropped from $12.71 on Dec. 31, 2007 to $6.10 Dec. 31, 2008.
The Paul Business Journal’s methodology uses the totapl figures found inthe proxy’s Summary Table, because they represent the accounting charge the impact on earnings for that fiscal year. including the Associated Press, use the Grant of Plan-Basedf Awards Table to crunch numbers that best represent what the board of directorz had in mind when it granted stock to the executive duringthe year. Still others wait untilk stock vests and executives exercise options before recognizing these typeaof gains.