Goldner extends contract until 2014

Hasbro CEO agrees to remain at the firm under new contract.
Author:
Publish date:
Social count:
0
5_Brian Goldner 300.jpg

Hasbro increased Brian Goldner's base salary to $1.2 million from $1 million and added two one-off retention awards, on top of the annual equity payments.

The firm has also awarded Goldner 125,000 performance share units to be earned based on the toy maker's financial performance from 2010 to 2012.

The executive also took 687,000 stock options, carrying an exercise price of $38.39 a share. The options will be paid in five instalments from March 2011 to 2014.

The agreement replaces a May 2008 contract, when Goldner was promoted to his current post from chief operating officer. His original employment contract was set to expire in May 2011.

In the restated contract, Hasbro said it wished to secure an "enhanced non-competition commitment" from Goldner.

Since Goldner became chief, Hasbro shares have risen by 14 per cent. He has strengthened the firm's ties with Hollywood movie studios and struck a joint-venture deal with Discovery Communications to launch a new kids' cable-television network.

Related

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.