ITT Educational OKs bonuses to keep managers in place

[surmar2010]

Title: ITT Educational OKs bonuses to keep managers in place
Date: December 27, 2010
Author: IBJ Staff

Carmel-based ITT Educational Services Inc.’s management team will get special cash bonuses if they remain with the company until the end of June, ITT disclosed in a regulatory filing last week.

Chairman and CEO Kevin M. Modany would get the biggest boost—nearly $1.2 million—if he stays at the helm through June 27, 2011. His compensation totaled $7.6 million in 2009, the latest year for which figures are available.

Source: http://www.ibj.com/itt-educational-oks-bonuses-to-keep-managers-in-place/PARAMS/article/24245