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Chairman's compensation....flat
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<blockquote data-quote="moreluck" data-source="post: 695419" data-attributes="member: 1246"><p>Tuesday, March 2, 2010, 10:10am EST | Modified: Tuesday, March 2, 2010, 10:38am </p><p><strong>UPS chairman’s total compensation flat</strong></p><p> </p><p> </p><p><strong>Atlanta Business Chronicle</strong></p><p> </p><p><a href="http://assets.bizjournals.com/story_image/751881-0-0-2.jpg" target="_blank"><img src="http://assets.bizjournals.com/story_image/751881-120-0-2.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></a> </p><p>Scott Davis</p><p><a href="http://assets.bizjournals.com/story_image/751881-0-0-2.jpg" target="_blank"><span style="color: #234b87">View Larger</span></a> </p><p> </p><p><a href="http://atlanta.bizjournals.com/atlanta/related_content.html?topic=United%20Parcel%20Service%20Inc" target="_blank"><strong><span style="color: #000000">United Parcel Service Inc.</span></strong></a>’s profit was <a href="http://atlanta.bizjournals.com/atlanta/stories/2010/02/01/daily19.html" target="_blank"><strong><span style="color: #000000">down 28 percent in 2009</span></strong></a> and it kept its top executive’s total compensation virtually flat.</p><p>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.</p><p>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.</p><p>Chief Operating Officer David Abney’s total compensation went from $2.9 million in 2008 to $2.5 million in 2009.</p><p>Chief Financial Officer Kurt Kuehn’s total compensation was reduced from $2.3 million in 2008 to $1.9 million in 2009.</p><p>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.</p></blockquote><p></p>
[QUOTE="moreluck, post: 695419, member: 1246"] Tuesday, March 2, 2010, 10:10am EST | Modified: Tuesday, March 2, 2010, 10:38am [B]UPS chairman’s total compensation flat[/B] [B]Atlanta Business Chronicle[/B] [URL="http://assets.bizjournals.com/story_image/751881-0-0-2.jpg"][IMG]http://assets.bizjournals.com/story_image/751881-120-0-2.jpg[/IMG][/URL] Scott Davis [URL="http://assets.bizjournals.com/story_image/751881-0-0-2.jpg"][COLOR=#234b87]View Larger[/COLOR][/URL] [URL="http://atlanta.bizjournals.com/atlanta/related_content.html?topic=United%20Parcel%20Service%20Inc"][B][COLOR=#000000]United Parcel Service Inc.[/COLOR][/B][/URL]’s profit was [URL="http://atlanta.bizjournals.com/atlanta/stories/2010/02/01/daily19.html"][B][COLOR=#000000]down 28 percent in 2009[/COLOR][/B][/URL] 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. [/QUOTE]
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