Karl G. Glassman is the CEO of Leggett & Platt, Inc., a role he stepped into in 2016 after a long tenure with the company since 1982. With a Bachelor's Degree in Business Administration and extensive experience in management, he...
Karl G. Glassman is the CEO of Leggett & Platt, Inc., a role he stepped into in 2016 after a long tenure with the company since 1982. With a Bachelor's Degree in Business Administration and extensive experience in management, he leads a company known for its diverse manufacturing operations. In 2023, Glassman's total compensation reached about $3.46 million, which includes a base salary of $1.12 million and a performance-based bonus linked to financial targets. He has a history of significant stock awards, including over 31,000 shares that vested in 2023, showing that his wealth is closely tied to company performance. Interestingly, Glassman has a structured approach to his compensation, with metrics like Adjusted EBITDA impacting his annual bonuses. He's also had a large bonus in the past, like $5.9 million in 2021, which reflects his performance during that time. Beyond numbers, Glassman emphasizes strategic planning and succession as his key goals, aiming to advance the company's position in the market. Amidst leadership transitions, he remains focused on sustaining growth and enhancing shareholder value at Leggett & Platt.