Santa Barbara News
Press 8/16/02
Tenet Health-Care Corp. chairman and chief
executive Jeffrey C. Barbakow's
compensation rose 20% , to 5.6 million in fiscal 2002. the company said in a
regulatory filing Wednesday.
Through the year ended May 31, Mr, Barbakow also received
options valued
at $26.4 million and realized $111.1 million upon
exercising an option on 3
million shares , according to a proxy statement filed with the SEC .
Tenet a
Barbakow was granted an option to buy 1.5 million
Shares at and exercise
price of $30.26 a share. The option expires
$26.4 million based on the Black-Scholes stock
option valuation model, which
considers factors such as stock price and the expiration date.
Mr. Barbakow's
compensation includes a $1.2 million base salary, a $4.2 million
bonus, and $249,571 in other compensation. Barbakow's bonus rose 24% from
$3.6 million in 2001.
R. G. MAGGS