Under Armour Exec Walks Away from $12 Million

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Courtesy of Citybizlist – Former Under Armour (NYSE:UA) executive vice president of Global Brand and president of International Mark Dowley forfeited $12.04 million in restricted stock when he abruptly resigned last year.

Had he stayed on, Dowley would have hauled in $13.06 million in total 2011 compensation, according to the company’s recent proxy statement.

Dowley, who left his position as CEO of William Morris Endeavor Marketing to join Under Armour last February, resigned three months later, agreeing to take on an advisory role reporting to president and CEO Kevin Plank.

Read the rest of the story at citybizlist

 

 

 

 



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