Sundar PichaiSundar Pichai earned $164M in 2023

Dr. Sung Won Sohn served as CEO of Hanmi Financial Corp from 2007 to 2008, a crucial time for the company. He has a strong background in finance, but specific educational details are not provided. In 2008, he faced challenges...

Quick Links
H

Dr. Sung Won Sohn

Ex-CEO of Hanmi Financial

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

November 15, 1951 - 73 years ago

CEO of Hanmi Financial for

0 years 7 months (Nov 2007 - Jun 2008)

Previous Experience

President and Chief Executive Officer of Hanmi Financial Corp.

Holdings

See how much did Dr. Sung Won Sohn make over time.

As CEO of Hanmi Financial, Dr. Sohn's holdings fluctuated significantly in a short time. At the height of his wealth in 2007, his compensation tallied up to $3 million, largely from a one-time retirement payment and vested stock. By 2008,...

Loading...

Insider Trading

See recent insider trades of Dr. Sung Won Sohn.

No insider trades found for this CEO.

Compensation History

See how much did Dr. Sung Won Sohn make over time.

Dr. Sung Won Sohn's CEO compensation offers an insightful look into performance-based pay. In 2008, he earned a total of $590,000, mostly derived from a $550,000 salary with no bonuses or stock options due to the company's struggles. This came after a significant increase in 2007 when he earned over $3 million, a large percentage from a one-time retirement package. His compensation structure reflects a philosophy focused on aligning pay with company performance, as seen by the use of performance metrics like pre-tax profitability. This framework indicates a serious approach to leadership, emphasizing accountability for both executive roles and company outcomes. While Dr. Sohn's time was marked by economic challenges, his compensation structure demonstrates how financial success and challenges are intrinsically linked to the broader economic landscape and company performance.

Year

2008

Total Compensation

$550.00K

Salary

$550.00K

Board Justification

The compensation philosophy is to attract, retain, and reward executives who contribute to the financial performance and long-term success of the company.

Bonus

$0.00

Board Justification

No bonuses were paid to the CEO in 2008 due to poor company performance.

Other

$0.00

Board Justification

No other compensation was reported for the CEO in 2008.

Restricted Stock

$0.00(40K restricted stock)

Board Justification

40,000 shares of restricted stock vested in 2008 as part of the compensation package.

Performance Metrics

The performance metrics for determining compensation included pre-tax profitability and overall company performance.

Other Hanmi Financial CEOs

Here are other CEOs of Hanmi Financial