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million in 2007. His overall tallyy for 2008 also included a base salary of up 12.8 percent, $525,000 in incentive pay, down 31 percent, and $552 in life insurance according to the company’s annual filing with the U.S. Securities and Exchange Commission. In determining compensation, the Tempew company’s board noted First Solar’s “exponential growth,” including the launch of Malaysian plants and passinyg the production benchmark of 500 megawatts of Expansion plans are in the worksz inthe U.S. and overseas. Sales grew to $1.26 billion in 2008 from $504 millionm in 2007. Net income also was up last yearto $348 from $158 million the year before.
Ahearhn beneficially owns 3.08 million shares of First Solarstock (Nasdaq:FSLR), 3.6 percent of the outstanding shares. The stock closed at $142 per share April 23 and has tradecbetween $85.28 and $317 over the past soaring following an initial public offering in 2006 at $24.5 a share. For more coverage of CEO pay at Arizonqapublic companies,
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