Who Were The 101 Highest-Paid Channel Execs In 2016?
Submitted by Michael Novinson on
69. Larry Reinhold, Systemax: $2.43M
Position: President and CEO
Salary: $717,000
Option Award: $667,000
Bonus: $582,000
Stock Award: $416,000
Other Compensation: $52,000
Reinhold joined Systemax in 2007 and became CEO in March 2016. Before that, he spent three years as CFO of Greatbatch, Inc.
The fiscal year for Systemax, No. 26 on the CRN SP 500, ended Dec. 31, with sales for the Port Washington, N.Y.-based company tumbling 9.4 percent to $1.68 billion and net loss improving to $32.6 million from $99.8 million the year prior. Systemax's stock rose 4.7 percent during the 2016 calendar year to $8.77 per share.
Other compensation for Reinhold included $30,000 of auto-related expenses, $18,000 of dividend equivalent payments on unvested restricted stock, and $4,000 of company 401(k) contributions.