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According to Aegis Group’s 2005 Annual Report, Carat chief David Verklin, director of parent Ageis Group, earned the current U.S. dollar equivalent of $1,489,360 from a $728,472 base salary, bonuses of $705,214, and benefits that totaled $55,486, MediaPost reports. The total compensation is 16 percent more than in 2004. Verklin is the only top media agency executive whose earnings are publicly reported.
That makes Verklin the second-highest-compensated executive at Aegis Group after CEO Robert Lerwill, who earned $1,925,760 in 2005.
Verklin also received a grant of 371,000 shares of Aegis stock in 2005, with a strike price equal to a current U.S. dollar equivalent of about $1.82. Aegis shares are currently trading at about $2.44 per share.
Experts familiar with media agency compensation arrangements say that Verklin’s deal is neither excessive nor below par for a top executive running a multinational media buying organization. “I don’t think it’s the highest out there, but it’s also not the lowest,” says Kurt O’Hare, president of New York-based executive recruiting firm O’Hare & Associates.
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