- The Washington Times - Friday, March 13, 2009

NEW YORK (AP) - David Carlucci, the chief executive of IMS Health Inc., received a compensation package worth $5.9 million in 2008, down 21 percent from the year before, according to an Associated Press calculation of figures disclosed in a regulatory filing made late Wednesday.

Carlucci, who is also the president and chairman of the health care market research firm, drew a salary of $850,000 for the year, an increase of less than 1 percent from 2007. His performance bonus decreased 17 percent to $567,500, and the value of Carlucci’s other compensation fell 34 percent to about $100,300.

IMS shares lost 34 percent of their value in 2008 to finish the year at $15.16.

Carlucci, who was named chief executive in January 2005, also cut back sharply on the use of IMS’ corporate jet and other perks. The value of his stock and options on the dates they were granted dropped 24 percent to $4.4 million, but IMS stock is worth only about half the options’ exercise price of $22.58 per share.

Friday afternoon, the stock rose 9 cents to $12.30.

IMS collects health care data such as drug prescriptions and analyzes them for its clients, including drugmakers, biotechnology companies, researchers and government agencies. IMS said its profit grew 33 percent in 2008, to $331.3 million, or $1.70 per share, and its revenue grew 6 percent, to $2.33 billion.

The Associated Press’ compensation formula is designed to isolate the value the company’s board placed on the executive’s total compensation package during the last fiscal year. It includes salary, bonus, performance-related bonuses, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don’t include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the SEC, which reflect the size of the accounting charge taken for the executive’s compensation in the previous fiscal year.

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