Duane E. Geiger was the CEO during a pivotal time at Biglari Holdings Inc. He served as the interim Chief Financial Officer and played a significant role in the financial management of the company. Geiger's compensation in 2012 totaled $472,758,...
Duane E. Geiger was the CEO during a pivotal time at Biglari Holdings Inc. He served as the interim Chief Financial Officer and played a significant role in the financial management of the company. Geiger's compensation in 2012 totaled $472,758, which included a salary of $227,692 and a substantial bonus of $230,000, reflecting the company's growth during his tenure. Notably, he received no stock options or grants, showing a focus on cash compensation over equity incentives. In 2012, Geiger’s role was heavily influenced by the leadership of Sardar Biglari, the chairman and CEO, indicating a management style that heavily relied on subjective performance evaluations for bonuses. An intriguing change in his job agreement happened in 2010, allowing him to receive a severance package only if the CEO position changed hands, which reduced his security in the role. His time at Biglari from 2010 to 2012 was marked by strategic decisions during a transformative phase for the company, making him a key figure in its evolution.