Top Sponsor CEO Pay

April 13, 2011
Written by Admin TOA
Published in Latest

Total compensation for executives from TOP sponsors Coca-Cola, Dow Chemical, General Electric, Procter & Gamble and Visa was released in a New York Times report Friday on the pay of major U.S. corporate leaders.

Coca-Cola CEO Muhtar Kent had the highest total compensation with $19.2 million in 2010, a 30 percent increase from $14.8 million in 2009. According to the report, Kent was the 20th highest paid CEO and the highest of the TOP sponsors.

New TOP sponsor Dow Chemical reported its CEO Andrew Liveris had total compensation of $17.7 million in 2009, up 13 percent from $15.7 million in 2009.

Procter & Gamble, another newly appointed TOP sponsor, reported its CEO, Robert McDonald, had total compensation of $13.1 million in 2010. Data from 2009 was not available.

General Electric’s CEO Jeffrey Immelt saw the largest increase with a 175 percent increase in total compensation in 2010. Immelt had total compensation of $15.1 million in 2010, up from $5.5 million in 2009. Immelt has served as GE’s CEO since 2001. He’s worked at GE since 1982.

Visa’s CEO, Joseph Saunders, was the only TOP sponsor CEO reported to see a decrease in total compensation. He made only $12 million in 2010, down 3 percent from $12.4 million in 2009.

The total compensation includes salary, cash bonuses based on performance, option awards and other compensation.

Compensation research company Equilar compiled the data from corporate filings. Source: www.aroundtherings.com

Last modified onSaturday, 06 May 2017 10:07

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