Sundar PichaiSundar Pichai earned $164M in 2023
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Austin Ligon

Founder and Ex-CEO of CarMax

Education

N/A

Field of Expertise

Business & Management

Born

January 1, 1954 - 71 years ago

Economy Sector

Consumer Cyclical

Tenure

6 years 5 months (Jan 2000 - Jun 2006)

Previous Experience

N/A

Austin Ligon, born in 1954, is known for his pivotal role as the CEO of CarMax, a leading used car retailer, from 2000 until 2006. Under his leadership, CarMax grew significantly, establishing itself as a major brand in the auto...

Year

2006

Total Compensation

$874.62K

Salary

$408.89K

Board Justification

The compensation program is designed to attract and retain key executives while aligning their interests with the financial performance of the company.

Bonus

$375.41K

Board Justification

Pursuant to the terms of Mr. Ligon’s employment agreement and upon his retirement, he was paid a pro rata share of his target annual bonus.

Other

$90.31K

Board Justification

Includes benefits such as personal use of company plane, automobile allowance, and tax planning services.

Restricted Stock

$0.00(0 N/A)

Board Justification

No equity was awarded to Mr. Ligon in fiscal 2007 due to his pending retirement.

Performance Metrics

Performance metrics for the bonus plan are based on the company's financial performance, specifically pretax earnings.