Furniture Brands axes bonuses

Thomas, Larry
March 2010
Furniture/Today;3/15/2010, Vol. 34 Issue 27, p6
Trade Publication
The article reports that several senior executives of Furniture Brands International Inc. failed to receive bonuses in 2009 as stated in the preliminary proxy statement submitted at the U.S. Securities and Exchange Commission. It relates that the executives such as chairman Ralph Scozzafava were qualified for a bonus but did not receive due to financial performance decline. It adds that senior vice-president Raymond Johnson is the only one to receive a bonus of 150,000 dollars as signing bonus.


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