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That was not covered in the proxy.
What is not in the proxy is also noteworthy.
By then, two-thirds of all the options listed in the proxy have already vested.
All of the arrangements were disclosed in the proxy statement, an Enron spokesman said.
A third, Clyde A. Wheeler, is described in the proxy as a public affairs consultant.
He said the reasoning was "spelled out in great detail" in the proxy statement.
Other details in the proxy statement may lend credence to Pep Boys' claim.
Citigroup valued them at $18,457,107 in the proxy, although some compensation experts say they are worth considerably more.
Instead, Bank of America said there had been no false or misleading information in the proxy it gave shareholders.
The failure to come clean about the bonuses in the proxy material just adds to the overall fishiness.
In the proxy, the board said Mr. McColl deserved a bonus mainly because of the bank's earnings performance last year.
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