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Janus CEO Weil Gets 19% Pay Cut to $4.98 Million in 2012

Richard M. Weil, chief executive officer at Janus Capital Group Inc. (JNS), had his compensation reduced 19 percent to $4.98 million in 2012 as investors withdrew $12.1 billion from the firm.

Weil, 49, received $500,000 in base salary, $2.85 million in restricted stock, $1.4 million in non-equity incentive plan compensation and $232,283 in other compensation, the Denver- based money manager said today in a filing with the U.S. Securities and Exchange Commission.

Weil has worked to diversify the firm known for its concentrated stock funds, more than tripling the proportion of assets in fixed-income and adding asset-allocation products. Janus’s assets increased 5.8 percent in 2012 to $156.8 billion as global stocks rose 13 percent in 2012, based on the MSCI AC World Index.

To contact the reporter on this story: Christopher Condon in Boston at ccondon4@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

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