Executive Compensation -- Ghosts of Pay Cuts to Come

5) JOE R. DAVIS
Chairman and CEO
Consolidated Graphics, Houston
Salary + Bonus + Incentives: $1,500,000
Other Compensation: $3,882
Total: $1,503,882
Previous Year Total: $1,972,949
Percentage Change: -24%

6) WES LUCAS⁽²⁾
President and CEO (2007)
Quebecor World, Montreal
(Converted to U.S.$$)
Salary: $1,458,130
Other Compensation —
Total: $1,458,130
Previous Year Total: $2,240,920
Percentage Change: -35%