| Business Summary | | T.
Rowe
Group,
Inc.,
formerly
known
as
T.
Rowe
Price
Associates,
Inc.,
is
an
investment
adviser
to
individual
and
institutional
investors
in
the
sponsored
T.
Rowe
Price
Mutual
Funds
and
other
investment
portfolios,
including
those
of
defined
benefit
and
defined
contribution
retirement
plans,
trusts,
and
other
mutual
funds,
some
of
which
hold
the
assets
of
variable
annuity
insurance
contracts.
The
investors
that
the
Company
serves
are
primarily
domiciled
in
the
United
States.
Total
assets
under
its
management
increased
$32.1
billion
during
1999
to
$179.9
billion
at
year-end,
including
$104.4
billion
that
is
designated
by
investors
for
retirement.
Investments
in
equity
securities
were
$139.1
billion
at
the
end
of
1999.
The
three
largest
Price
funds
-
International
Stock,
Equity
Income,
and
Science
&
Technology
-
accounted
for
20%
of
assets
under
management
at
the
end
of
1999. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | T.
Rowe
Price
Group
Inc.,
and
its
consolidated
subsids.,
serve
as
the
advisor
to
individual
and
institutional
investors
in
the
sponsored
T.
Rowe
Price
Mutual
Funds
and
private
investment
portfolios.
For
six
months
ended
6/30/01,
revenues
decreased
12%
to
$542.6
million.
Net
income
decreased
30%
to
$100.5
million.
Results
reflect
lower
advisory
fees
due
to
the
decline
in
asset
and
brokerage
trading
volume,
and
higher
compensation,
advertising
costs
and
amortization
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1998
Compensation | | Pay | Exer | |
| George Roche, 57 Chairman,
Pres, Managing Director, Director | $2.6M | $396K | James Riepe, 55 Vice
Chairman, Managing Director, Director | 2.6M | 1.3M | M. Testa, 54 Vice
Chairman, Managing Director, CIO, Director | 2.6M | 770K | Alvin Younger, Jr., 49 CFO,
Managing Director, Treasurer, Sec. | -- | -- | Henry Hopkins, 56 Managing
Director, Director | -- | -- | Dollar
amounts are as of 31-Dec-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|