Friday, May 02, 2008

Whirlpool's Fettig paid $13M for 2007

CEO Jeff Fettig received a compensation of $12.94 million last year, the Associated Press reports.

Fettig’s pay reflects a 36-percent increase over that of 2006, when he received $9.54 million. Last year, Fettig, also chairman of Whirlpool, led the company to a 48-percent profit increase despite higher energy and materials costs. He also earned a salary of $1.8 million, a performance-based cash bonus of $6.96 million, and received $138,226 in other compensation, including $95,429 for personal use of company aircraft, according the AP.
Additionally, Fettig’s restricted stock awards and options were estimated at about $4.66 million when issued in February of last year.