Franklin Resources CEO Gets a 25% Raise as Assets Climb
Franklin Resources Inc. (BEN), manager of the Franklin and Templeton mutual funds, paid Chief Executive Officer Gregory Johnson $12.3 million in fiscal year 2012, a 25 percent increase from the previous year.
Johnson’s salary of $780,000 didn’t change, according to a regulatory filing today. His stock awards climbed to $8.85 million from $6.35 million the year before.
Kenneth Lewis, the firm’s chief financial officer, earned $3.4 million, which represented a 23 percent boost. Executive Vice President Vijay Advani earned $7 million, a 22 percent increase.
Assets under management at the San Mateo, California-based company rose to $750 billion as of Sept. 30, from $660 billion a year earlier. Franklin’s stock gained 31 percent over the 12- month period, matching the increase in the 20-member Standard & Poor’s index of custody banks and asset managers.
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