Pros
For Booz Allen Hamilton CEO Ralph Shrader, last year was a pretty good year. And it wasn’t bad for his heir apparent, either. The McLean-based company, which ended its fiscal 2014 March 31, paid its chief executive of 15 years a total of $3.25 million in compensation according to its proxy statement filed with the Securities & Exchange Commissio n Monday — about half of which was in salary. It's actually a bit of a dip from 2013's $3.8 million, but still considerably higher than the $2.52 million he got in 2012. Beyond salary, Shrader raked in nearly $800,000 in cash bonuses, about $600,000 in stock awards, and about $700,000 in “other compensation,” which includes mostly dividends on vested stock options and retirement contributions, as well as such things as club memberships, financial counseling, and medical plan contributions.
Cons
In 2015, Booz Allen is switching from a competitive health insurance benefit package to an employer cost saving high deductible plan. Employee costs will increase dramatically, as the 2015 insurance package has a $2600.00 family deductible before healthcare costs are covered. Prior to this switch, Booz Allen had an average $0 deductible plan.