Chairman's compensation....flat

Discussion in 'UPS Discussions' started by moreluck, Mar 2, 2010.

  1. moreluck

    moreluck golden ticket member

    Tuesday, March 2, 2010, 10:10am EST | Modified: Tuesday, March 2, 2010, 10:38am
    UPS chairman’s total compensation flat

    Atlanta Business Chronicle

    Scott Davis
    View Larger

    United Parcel Service Inc.’s profit was down 28 percent in 2009 and it kept its top executive’s total compensation virtually flat.
    In a proxy filing with the Securities and Exchange Commission on Tuesday, the Atlanta-based shipping giant reported Chairman and CEO Scott Davis got $6.24 million in total compensation in 2009. Davis had $6.28 million in total compensation in 2008.
    The total compensation in 2009 included a salary of $1 million (flat with 2008), $3.9 million in stock awards (flat with 2008) and $437,511 (flat with 2008) in stock option awards.
    Chief Operating Officer David Abney’s total compensation went from $2.9 million in 2008 to $2.5 million in 2009.
    Chief Financial Officer Kurt Kuehn’s total compensation was reduced from $2.3 million in 2008 to $1.9 million in 2009.
    In 2009, UPS (NYSE: UPS) reported net income of $2.15 billion, or $2.14 a share, down 28 percent from the $3 billion, or $2.94 a share, it earned in all of 2008.
  2. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    I say we hold a bake sale to help these boys out.:wink2:
  3. softshoe

    softshoe Member

    Maybe he can get a part time job at WalMart.
  4. Jones

    Jones fILE A GRIEVE! Staff Member

    If you bought Fedex stock 10 years ago, it has doubled in value. If you bought UPS stock 10 years ago, have my condolences.
  5. so this is why are Div price keeps going up. I just did the math on his free stocks he got last year he will make about 1.3 mil off the div this year just off the stock he got in pay in 2009
  6. pretzel_man

    pretzel_man Well-Known Member

    I think you might need a new calculator???

    I think dividend is about 4%? Your decimal point is in the wrong place I think.

  7. bad company

    bad company semi-pro

    He should be glad he has a job in this tough economy... that's what everybody keeps telling me...
  8. northr

    northr New Member

    I don't see were he is worth that munch when the company ran a lot better for a less years ago when the boss was from within the company.