Hambrecht & Quist Group's earnings in fiscal 1998 matched 1997's, and so did the compensation of chairman Daniel H. Case 3d.

Mr. Case, 41, was paid $3 million in salary and bonus for 1998, 18% less than a year earlier. But the company's directors gave him a restricted stock award worth $500,000, and he realized another $100,000 by acquiring company stock for less than "fair market value," according to the company's proxy statement.

The firm also said it forgave an $86,717 debt Mr. Case owed Hambrecht & Quist. It was at least the third consecutive year in which the company forgave Mr. Case's debt to the firm.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.