UPS' CEO earned USD 6.2M last year
United Parcel Service Inc., which increased its annual profit by almost 9 percent, paid its top executive nearly USD 6.2 million in total compensation in 2006.
According to the Atlanta-based package shipper’s proxy filing with the Securities and Exchange Commission on Monday, CEO Michael Eskew got USD 6.2 million in total compensation last year, including a salary of USD 988,000, a bonus of USD 41,500, USD 2.8 million in stock awards, about USD 1 million in stock options, USD 174,300 in non-equity incentive plan compensation and USD 33,137 in other compensation.
Because of new disclosure rules, the compensation total includes the expense of a portion of stock awards reported in prior years and is not directly comparable to the previous year’s figures.
Also according to the proxy, vice chairman and CFO D. Scott Davis was given USD 2.4 million in total compensation. That figure includes a salary of USD 500,000, bonus of USD 21,000, USD 1.1 million in stock awards, USD 375,304 in stock options, USD 88,200 in non-equity incentive plan compensation and USD 26,003 in other compensation.
COO David Abney earned a total compensation package worth about USD 1.3 million, including a USD 383,000 salary, USD 16,050 bonus, USD 345,034 in stock awards, USD 122,927 in stock options, USD 67,410 in non-equity incentive plan compensation and USD 7,519 in other compensation.
Former COO John Beystehner got USD 2.6 million in total compensation last year. This included a salary of USD 538,000, bonus of USD 22,550, USD 1.2 million in stock awards, USD 400,479 in stock options, USD 94,710 in non-equity incentive plan compensation and USD 9,118 in other compensation.
In 2006, UPS reported a profit of USD 4.2 billion on USD 47.5 billion in revenue.
