American Skiing OKs a pay deal for its CEO
Fair will be eligible for an annual bonus, doubling his salary. He received a $25,200 bonus for signing the agreement after working since September 2003 without a contract.
Fair restructured the company’s debt and helped improve the performance of its struggling stock since then.
Company spokesman David Hirasawa said a compensation subcommittee of the board determined Fair’s annual salary was “in line with where the market stands for executives.”
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