Franklin Resources CEO gets pay bump
San Mateo-based Franklin Resources said its CEO, Gregory Johnson, received total compensation of $12.3 million in fiscal year 2012.
That represented an increase of 25 percent from the previous year for the CEO of the mutual fund and investment company.
Johnson's salary of $780,000 remained unchanged, a regulatory filing Thursday showed.
However, his stock option and grants packaged increased. It totaled $8.9 million in fiscal 2012, up from $6.4 million in 2011.
Assets under management at the company rose to $750 billion as of Sept. 30, from $660 billion a year earlier. Franklin's stock gained 31 percent over the 12- month period, matching the increase in the 20-member Standard & Poor's index of custody banks and asset managers.
Berkeley gets a new Office Depot store
Office Depot is opening a store in northwest Berkeley following a deal arranged through Terranomics Retail Services.
The office supplies retailer will move into a 16,000-square-foot building at 1000 Gilman in Berkeley between 9th and 10 streets.
Office Depot will occupy a brand-new building on a property being developed by Foothill Partners, according to Terranomics broker Todd Oliver.
The store is expected to be completed in fall 2013. Office Depot provides office supplies and services through 1,675 worldwide retail stores.