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In 2010, chief executives at some of the nation’s largest companies earned an average of $11.4 million in total pay — 343 times more than a typical American worker, according to the AFL-CIO.
“Despite the collapse of the financial market at the hands of executives less than 3 years ago, the disparity between CEO and workers’ pay has continued to grow to levels that are simply stunning,“ said Richard Trumka, AFL-CIO president. Get the full story »
W. Bruce Johnson was appointed in 2008. (Sears handout)
Sears Holdings Corp. interim Chief Executive W. Bruce Johnson saw his compensation package rise 250 percent to $5.3 million last year, according to a proxy the Hoffman Estates-based company filed with the Securities and Exchange Commission.
Johnson, who held the spot until February, received a base salary of $980,000, up 15 percent from the prior year. His stock awards were $4.3 million, up from $663,000. Get the full story »
CBOE Holdings Inc. Chief Executive Officer William Brodsky, who steered the operator of the biggest U.S. options market through an initial public offering last June, received a giant pay boost for his efforts. Get the full story »
From the Times of Northwest Indiana | NIPSCO’s chief executive Jimmy Staton received a 31 percent pay raise to $1.9 million last year while telling state regulators the utility needs more money from customers to cover increased costs.Get the full story>>
Declaring 2010 “the best year in safety performance in our company’s history,“ Transocean Ltd., owner of the Gulf of Mexico oil rig that exploded, killing 11 workers, has awarded its top executives hefty bonuses and raises, according to a recent filing with the U.S. Securities and Exchange Commission. Get the full story »
Ford Motor Co. Chief Executive Alan Mulally’s total compensation rose 48 percent to $26.5 million in 2010 when the automaker reported its best net profit in a decade. Get the full story »
Alan Mulally, CEO of Ford Motor Co., presenting the new Ford Sync system in Germany earlier this month. (Gallup/Getty)
United Auto Workers President Bob King went on the attack at the lucrative pay package of the Ford Motor CEO, saying it was ‘morally wrong’ that Mulally received stock worth about $54.5 million from the company.
“I think Alan Mulally is a great CEO, but I don’t think any human being in the world deserves that much money. I think it’s outrageous,“ said King, speaking to reporters during a three-day union convention in Detroit. King’s remarks come as the union prepares for the first set of labor negotiations with U.S. automakers since the bankruptcies at General Motors and Chrysler Group. Get the full story »
Greg Brown and Sanjay Jha, the chief executives of Motorola Solutions Inc. and Motorola Mobility Inc. saw significant increases in their 2010 compensation from a year earlier, according to a proxy statement Motorola Solutions filed Tuesday with the U.S. Securities and Exchange Commission.
Motorola split into two independent companies in January, with Brown heading Motorola Solutions and Jha in charge of Motorola Mobility. In 2010, Brown’s total compensation was $13.7 million, compared with $8.5 million in 2009. Jha’s total compensation jumped to $13 million from $3.8 million. Get the full story »
From Crain’s Chicago Business | Fortune Brands Inc. Chairman-CEO Bruce Carbonari received $11.24 million in total compensation during fiscal 2010, 12 percent less than the $12.84 million he earned the year before, according to the company’s proxy filing to the Securities and Exchange Commission. | Get the full story>>
From Chain Store Age | Sears Holdings Corp. in a regulatory filing reported that its newly named CEO Louis J. D’Ambrosio will be compensated $7.2 million and a charter airplane for his commute from Pennsylvania to Illinois. Get the full story>>
