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Talk of the bay
Raymond James tops off big year with big bonuses
By HELEN HUNTLEY
Published January 17, 2005
The good times are back in the executive suites at Raymond James Financial. Bonuses for the 2004 fiscal year at the St. Petersburg company were the best since the stock market peaked in early 2000.
Chief executive Tom James took home a $1.9-million cash bonus for total compensation of $2.9-million, up from $2.1-million last year. However, the big winner was Jeffrey Trocin, who heads Raymond James' equity capital markets group. His cash bonus went from $531,100 last year to $2.6-million, for total compensation of $3.5-million.
Other executives taking home cash bonuses of more than $1-million were Chet Helck, Raymond James president; Richard Riess, Eagle Asset Management president; and Richard Averitt, Raymond James Financial Services president.
Bonuses are based on a percentage of pretax profits for various Raymond James units and are paid in restricted stock in addition to cash.
[Last modified January 15, 2005, 00:07:04]
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