Kraft
http://www.businessweek.com/ap/2012-03/D9TOEV9G0.htm
Kraft Foods Inc. gave its CEO a pay package worth $15.7 million in 2011, which represents a 17 percent raise from the previous year.
The compensation for Irene Rosenfeld included a salary of $1.5 million, stock and option awards worth $9.7 million and incentive-based compensation of $4.2 million.
All other compensation came to $276,000 and covered costs for use of the company aircraft, car expenses and retirement plan contributions.
Kraft is also in the process of slashing 1,600 jobs as it readies to split its business into two publicly-traded companies.
The split is intended to help drive growth by sharpening the focus of its business units on particular brands. (The split is intended to create two separate IPO’s which will make their executives even more rich. AT&T tried this stupid idea and it was a resounding failure. AT&T and AT&T wireless = Stupid!)
Kraft Foods Inc. gave its CEO a pay package worth $15.7 million in 2011, which represents a 17 percent raise from the previous year.
The compensation for Irene Rosenfeld included a salary of $1.5 million, stock and option awards worth $9.7 million and incentive-based compensation of $4.2 million.
All other compensation came to $276,000 and covered costs for use of the company aircraft, car expenses and retirement plan contributions.
Kraft is also in the process of slashing 1,600 jobs as it readies to split its business into two publicly-traded companies.
The split is intended to help drive growth by sharpening the focus of its business units on particular brands. (The split is intended to create two separate IPO’s which will make their executives even more rich. AT&T tried this stupid idea and it was a resounding failure. AT&T and AT&T wireless = Stupid!)
posted by res17 at
April 01, 2012
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