Inside these posts: Executive compensation

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New HP CEO to bank salary of $1.2 million

Hewlett-Packard Co. will pay its new chief executive Leo Apotheker an annual salary of $1.2 million, plus a signing bonus of $4 million, to lead the technology powerhouse after a scandal toppled its last chief executive. Get the full story »

Treasury lawyer to replace Feinberg as pay czar

The Obama administration says it’s chosen a Treasury Department lawyer to replace pay czar Kenneth Feinberg, who stepped down Friday, ending a contentious 14-month tenure.

CEO layoff leaders had highest in pay in ‘09

As U.S. companies shed millions of workers during the recession, the CEOs who laid off the most people brought home pay that was significantly higher than that of their peers, according to a Washington, D.C. think tank study.

The CEOs of the 50 U.S. companies that laid off the most workers between November 2008 and April 2010 were paid $12 million on average in 2009, or 42 percent more than the average across the Standard & Poor’s 500, the Institute for Policy Studies study said. Get the full story »

Under pressure, Tribune cuts back on bonuses

Under pressure from its creditors and unions, bankrupt Tribune Co. agreed to cut back on the bonuses it would pay under its proposed 2010 management incentive plan.

The move comes as Chicago-based Tribune Co. seeks to win approval from creditors for a reorganization plan that would allow it to exit a bankruptcy case that has dragged on for almost 20 months. Get the full story »

Stock options a disappearing perk

CNN | Long a popular tool for compensating employees at burgeoning start-ups and top executives at multi-national corporations, the practice of granting options to workers has increasingly fallen out of favor.

Last year, a little more than three-quarters of the companies in the S&P 1500, which tracks small- and mid-cap stocks as well as the conventional S&P 500 index, relied upon stock options to pay their CEOs. Compare that to five years prior, when that figure stood at nearly 93 percent. Get the full story »

Playboy CEO Flanders gets $3.25M in 2009

Tribune staff report | Playboy Enterprises Chief Executive Scott Flanders earned $3.25 million in his first year on job, according to the Chicago-based media company’s proxy materials filed today.

Flanders, who was appointed in June 2009, earned a salary of $430,769 and a bonus of $400,000. He was awarded $406,500 in Playboy stock and more than $2 million in stock options. He was also compensated $732 for protection services, the company said.

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