Does this Guy Deserve a 485% Raise?

James Debney

This is P. James Debney, the chief executive of Smith & Wesson Holding Corp. (Nasdaq: SWHS).  He starts the new year with a  485 percent raise to $2.89 million this year, according to an SEC filing. 1 He earned $493,322 in 2011.

Debney, who took the helm of the Springfield-based gun-maker last September, will receive a base annual salary of $404,433, stock worth$554,400, stock options worth $1.37 million and non-equity incentive of $508,050.