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ProLogis CEO Rakowich Earns $5.7 Million In 2008

Stock quotes in this article: PLD  

DAVID PITT

DES MOINES, Iowa (AP) — Walter Rakowich, who was promoted to chief executive of industrial real estate investment trust ProLogis last November, received compensation valued at $5.7 million in 2008.

His compensation was down sharply from $11.9 million the year before as he collected a smaller bonus and he was awarded less in restricted stock and stock options.

Walter Rakowich, 51, succeeded chairman and chief executive Jeffrey H. Schwartz, who resigned on Nov. 10 and took a paid leave of absence until Dec. 8, when he left the company. ...

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