(Ga.) Top execs' 2007 pay down slightly, to $1.74 million

[Omaha Steve]

http://www.ajc.com/entertain/content/business/stories/2008/06/20/georgia_executive_pay.html

By JOE GUY COLLIER
The Atlanta Journal-Constitution
Published on: 06/20/08

With the economy and corporate growth slowing, executive pay at Georgia's largest public companies leveled off last year, but some senior managers still received hefty pay packages.

Executives for Georgia's top 25 public firms had a median compensation of $1.74 million in 2007, down about 1 percent from 2006, according to an analysis of pay packages by The Atlanta Journal-Constitution.


Joey Ivansco/AJC
Coca-Cola Co. Chairman and Chief Executive Officer Neville Isdell was the highest-paid Georgia executive with total compensation of $21.6 million in 2007.


Coca-Cola Co. Chairman and Chief Executive Officer Neville Isdell was the highest-paid executive with total compensation of $21.6 million in 2007. Joseph DeAngelo, former Home Depot executive vice president and chief operating officer, ranked second at $16.3 million. Former Delta Air Lines Chief Operating Officer James Whitehurst was third at $15.5 million.

The analysis included the pay packages of more than 125 executives, usually the top five executives at each company, listed in federal Securities and Exchange Commission filings. It calculated total compensation using salary, bonus, nonequity incentives, the estimated value of stock and options granted in that year and other compensation, such as personal use of corporate aircraft, club memberships and car allowances.

Compensation generally moved in the direction of the company's financial performance. Isdell's pay, for example, rose 4 percent from 2006, when he received a total package worth $20.9 million. In that same time frame, Coca-Cola's revenue rose 20 percent, net income increased 18 percent and the stock price, counting adjustments for dividends, was up 30 percent.

FULL story at link.

[LakeSamish706]

1. Now that is the sadist thing that I have read in awhile... I just don't know...

how these pukes will be able to make it on that low salary! :sarcasm:

[blueknight]

2. i read today

where the pres of p&g, made, i think 34 million. now, just try to get by on that!