Coke’s Chief Got $21.6 Million in 2007:
ATLANTA (AP) — The chief executive of the Coca-Cola Company, E. Neville Isdell, received total compensation valued at $21.6 million in 2007, a more than 3 percent increase from the year before, according to a regulatory filing on Monday.
According to an analysis of the filing with the Securities and Exchange Commission, Mr. Isdell, 64, was granted a salary of $1.6 million and a performance bonus of $6.6 million.
He received all other compensation of $817,066, including $341,849 for aircraft usage, $80,116 for a car and driver, $117,065 for security, $48,169 for tax reimbursements, $213,375 for contributions to company thrift plans and $3,492 for life insurance premiums.
For security purposes, Mr. Isdell is required to use company aircraft for all travel, both business and personal, and he is reimbursed for the tax liability associated with the personal use.
Mr. Isdell also received stock and option awards the company valued at $12.6 million on the day they were granted.
Immelt of G.E. Made $14 Million in Last Year’s Pay:
BOSTON (Reuters) — General Electric’s chief executive, Jeffrey R. Immelt, was awarded $14.2 million in compensation last year, including salary, bonus and the value of plan-based awards, the company said Monday in a regulatory filing.
G.E.’s proxy statement with the Securities and Exchange Commission showed that Mr. Immelt’s 2007 compensation included salary of $3.3 million, $5.8 million in bonus and $396,267 in other compensation, as well as other plan-based awards valued at $4.7 million at their grant date.
In 2006, he was awarded $8.8 million in salary, bonus and other compensation, and $6.3 million in plan-based awards.
Factoring in the plan-based awards, Mr. Immelt’s awarded compensation was down 6 percent for the year. Without them, it was up 7 percent.
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