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Janus Capital Group Inc. Executive Compensation under Investor Investigation
An investigation on behalf of current long term investors in Janus Capital Group Inc. was announced and NYSE- JNS stockholders should contact the Shareholders Foundation at firstname.lastname@example.org
If you are a current long term investor in Janus Capital Group Inc. stock and/or if you have any information relating the investigation including whistleblowers and former employees, you have certain options and you should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether the directors and officers of Janus Capital Group Inc. harmed the company by breaching their fiduciary duties to shareholders. In particular the investigation on behalf of current long term investors in Janus Capital Group focuses on possible shareholder claims that certain of Janus Capital Group’s senior officers and executive were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation in past years.
Janus Capital Group’s CEO, who joined the company on Feb. 1, 2010, earned a total compensation of $20.33million in 2010. The compensation included $10 million in restricted stock as well as a $306,287 relocation package, which included an $114,670 tax "gross-up.”
However, Janus Capital Group’s shareholders recently expressed their disdain for executive pay packages by voting “no” on Janus Capital Group's say on pay provision. Janus Capital Group Inc. received only 40.1% support for its pay practices at its April 28 annual meeting, according to a company filing.
The investigation concerns possible claims that the prior compensation awarded at Janus Capital Group is improper based upon its current operating condition.
Janus Capital Group’s 12months Total Revenue over the past four years declined from $1.117billion in 2007 to $848.70million in 2009, respectively $1.015billion in 2010. Its Net Income fell to a Net Loss of $757.10million in 2009.
Shares of Janus Capital Group Inc. dropped from as high as $35 in 07 and $30 in 08 to as low as $4.34 in March 09.
In 2011 NYSE JNS stock reached in the first months as high as $14.54 per share in February but fell to $9.28 on June 7.
On April 27, 2011, Janus Capital Group Inc. announced its financial results for the first quarter 2011 and announced that Gregory A. Frost, the Company’s Executive Vice President, Principal Financial Officer and Treasurer, will resign all of his positions at the Company, and will be departing from the Company on or about August 1st.
The investigation seeks also to determine whether certain senior officers and executives at Janus Capital Group Inc. were awarded salaries, bonuses, stock options and other forms of long-term, ‘incentive’
Finally the investigation focuses also on possible shareholder claims that would allow NYSE-JNS stockholders to more efficiently influence or control future compensation decisions at Janus Capital Group Inc.
Those who are current long term investors in Janus Capital Group Inc. (Public, NYSE- JNS) stock and/or those who have any information relating the investigation including also whistleblowers and former employees, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
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The Shareholders Foundation, Inc. is a professional portfolio legal monitoring service and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.