Friday, 11 May 2012 10:00

Kroger CEO got 66 percent pay bump in 2011

Written by  Administrator
Rate this item
(0 votes)

Authors:

NEW YORK (AP) -- The Kroger Co. says it gave CEO David Dillon a 66 percent pay bump last year as a reward for the company's improved performance.

An Associated Press analysis finds that the nation's largest traditional supermarket chain gave Dillon a pay package worth $8.9 million, up from $5.4 million in 2010.

The hike reflected a bigger cash performance bonus, which rose to $2.7 million, from $808,020. The Cincinnati-based grocer uses a formula based on the company's financial performance to determine incentive pay.

Dillon's stock and option awards also rose to $5.2 million, from $2.9 million. His salary edged up to $1.3 million. All other compensation of $115,600 primarily covered insurance premiums.

The AP's calculation of CEO pay counts salary, bonuses, perks, stock and options awarded during the year.

Read more http://hosted.ap.org/dynamic/stories/U/US_KROGER_EXECUTIVE_COMPENSATION_OHOL-?SITE=WAKR&SECTION=HOME&TEMPLATE=DEFAULT

Administrator

Administrator

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it




AkronNewsNow

Copyright © 2013 AkronNewsNow & Rubber City Radio Group |All Rights Reserved |  1795 West Market Street | Akron, OH 44313 | 330.869.9800