24/7 Wall St. Most Overpaid CEO Of The Day: Pacific Sunwear (PSUN) CEO Sally Frame Kasaks

Investing

Published: August 22, 2008 9:06 am

R218533_855025 According to the Pacific Sunwear proxy, CEO Sally Frame Kasaks makes a base salary of $1,250,000. Last year, her total compensation was $3.2 million.

Based on the performance of the stock and the business, those numbers are extraordinarily high. After posted flat revenue of $312 million for the last quarter, and operating income of only $3.7 million, Pacific Sunwear’s shares fell 31% today to just above $5.

The company has a 52-week high of $18.44. The stock is off over 60% during the last year.

Four firms downgraded PSUN today: Robert W. Baird, Friedman Billings, Roth Capital and BB&T Capital. The most significant cause of the ratings revisions was that the company dropped guidance for the third and fourth quarters.

The CEO’s pay stayed the same.

Douglas A. McIntyre

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.