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Jesse Biter Space Florida

Bonus scheme approval

19 Aug, 2015

Space Florida’s Board of Directors approve the creation of a bonus plan for employees. Under the plan, the maximum amounts of annual payouts would depend on employees’ positions. Some employees could receive a bonus worth five percent of their pay while President and Chief Executive Officer Frank DiBello, who is paid $267,952 a year, would be eligible to receive up to 50 percent of his pay — $133,976. Board Member Biter:

All we’re doing is agreeing that this is the structure, that this makes sense. When the actual numbers come back, we’ll have the opportunity to discuss and say that’s way too much or that’s too little.