Executive Compensation -- Ghosts of Pay Cuts to Come

3) LUC DESJARDINS⁽¹⁾
President and CEO (Until 2/08)
Transcontinental Inc., Montreal
(Converted to U.S.$$)
Salary + Bonus: $1,667,025
Other Compensation —
Total: $1,667,025
Previous Year Total: $1,149,907
Percentage Change: 45%

4 ) KEITH S. WALTERS
Chairman, President and CEO
Ennis Inc., Midlothian, TX
Salary + Incentives: $1,366,604
Other Compensation: $224,228
Total: $1,590,832
Previous Year Total: $1,432,073
Percentage Change: 11%