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David B. Fischer served as the President and CEO of Greif, Inc. from 2011 to 2015, leading the company through challenging economic times. He has a strong background in operations, with a degree from the University of Michigan. Before becoming...

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David B. Fischer

Ex-CEO of Greif, Inc.

Field of Expertise

Business & Management

CEO of Greif, Inc. for

3 years 11 months (Nov 2011 - Oct 2015)

Previous Experience

President and COO of Greif, Inc.

Rivals

Competitors/colleagues of David B. Fischer

Holdings

See how much did David B. Fischer make over time.

During his time at Greif, David B. Fischer was involved with the company's stock performance and holdings, which saw significant fluctuations. When he began as CEO, the company's stock had a decent performance, but by the time he left, his...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did David B. Fischer make over time.

David B. Fischer had a varied compensation package during his time as CEO of Greif, Inc. In 2015, after announcing his resignation, he received a total compensation of about $6.4 million, a significant chunk derived from his severance agreement. This included his salary, bonuses, and other forms of compensation due to the nature of his departure. In previous years, his compensation also highlighted strong performance metrics; for instance, in 2013, his total was approximately $2.2 million, largely from performance-based bonuses. Fischer's base salary increased over the years as well, reflecting his achievements and the company's performance. The board recognized his leadership during tough challenges, which influenced his pay structure significantly. Overall, his compensation was closely tied to the company's operational success and strategic decisions made during his leadership.

Year

2015

Total Compensation

$4.45M

Salary

$1.01M

Board Justification

The compensation philosophy is designed to align compensation with business objectives, performance, and stockholder value, while enabling the Company to attract, retain, incentivize, and reward individuals who contribute to the long-term success of the Company.

Bonus

$0.00

Board Justification

Mr. Fischer was not eligible for an award due to his resignation from the Company; however, he did receive an equivalent payment under his separation agreement.

Other

$3.44M

Board Justification

Includes severance payments, professional fee reimbursement, and COBRA healthcare premium payments.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were vested in 2015 as Mr. Fischer was not eligible for an LTIP award due to his resignation.

Performance Metrics

The performance metrics for the fiscal year were based on targeted levels of earnings before interest, taxes, depreciation, depletion, and amortization (EBITDA).