Janus Capital CEO Compensation Fell 10 Pct In 2008

In January, the Denver-based firm reported earnings of $136.9 million, or 85 cents per share, compared with $116.3 million, or 65 cents per share, in 2007. Earnings from continuing operations fell to $138.4 million, or 86 cents per share, from $192 million, or $1.07 per share, in 2007.

Janus also said it was exiting its institutional money market business, which includes three funds, by April 30. It will focus its resources on its core businesses. The firm also suspended stock buybacks in the fourth quarter to preserve liquidity.

Janus Capital's stock declined 76 percent during 2008 and closed out the year at $8.03. In morning trading shares added 4 cents to $5.74.