Biz Beat: WMC's Haney made $341,000, latest IRS filing says

2011-03-03T13:00:00Z 2011-03-03T21:46:49Z Biz Beat: WMC's Haney made $341,000, latest IRS filing saysMIKE IVEY | The Capital Times |

Not sure what Kurt Bauer will be paid as new president and CEO of Wisconsin Manufacturers & Commerce. That announcement was made today.

But his predecessor Jim Haney pocketed $341,000 in total compensation in 2008, according to WMC's most recent filing with the IRS.

Haney, who this week used a salary figure of $30,000 to calculate the economic impact of the 250,000 new jobs promised by Gov. Scott Walker, had declined to offer up his salary.

"That is for me to know and you to find out," he told Biz Beat.

So Biz Beat did some checking and found that Haney had a salary of $256,000, got $89,000 in retirement contributions and $8,800 in other benefits. You can read all about it in the attached PDF below.

Haney has been WMC president for 27 years.

WMC vice president James Buchen enjoyed total compensation of $196,000 in 2008. Not sure why Buchen wasn't promoted to replace Haney WMC might be looking to put a softer image out there.

Bauer, meanwhile, received $271,000 in total compensation in 2009, including a $17,000 bonus, according to the IRS. And you thought Wisconsin banks have been struggling.

Bauer has worked for banking trade associations for 18 years, including the last seven as the President/CEO of the Wisconsin Bankers Association. Prior to that, Bauer headed the Phoenix-based Arizona Bankers Association and also served as WBA's chief lobbyist.

"It is a great honor to be selected as the new president and chief executive officer of WMC." Bauer says in a statement. "I look forward to working with the many stakeholders who share the collective goal of making Wisconsin the best place for employers and employees alike."

Bauer says making Wisconsin more competitive will help speed the economic recovery, grow jobs and resolve the state's chronic budgetary issues. "The best way to improve the quality of life for everyone is to expand private sector businesses by pursuing policies that encourage business expansion and relocation in Wisconsin."

Bauer is originally from Beloit, and a graduate of the University of Wisconsin-Madison. He will become just the fifth person to lead WMC in its 100-year history.



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