in_the_media
Philadelphia Business Journal - June 18, 2010
Posted Jun 18, 2010 -- webcomm
Media Outlet:
Philadelphia Business Journal
Although most local CEOs took home less pay last year, one big exception was Robert Toll, chairman and CEO of Toll Brothers. Toll received options in December 2009; when he cashed out at the end of year, the company's stock price had quadrupled. "Those stock options are for long-term performance," said executive compensation expert Steven Balsam of Temple's Fox School of Business. "So it was not necessarily unwarranted in his case being that the company performed so well for so long."