Friday, May 11, 2012
The Kroger Co. says it gave CEO David Dillon a 66 percent pay bump last year as a reward for the company's improved performance.
An Associated Press analysis finds that the nation's largest traditional supermarket chain gave Dillon a pay package worth $8.9
million, up from $5.4 million in 2010.
The hike reflected a bigger cash performance bonus, which rose to $2.7 million, from $808,020. The Cincinnati-based grocer uses a formula based on the company's financial performance to determine
Dillon's stock and option awards also rose to $5.2 million, from $2.9 million. His salary edged up to $1.3 million. All other compensation of $115,600 primarily covered insurance premiums.
The AP's calculation of CEO pay counts salary, bonuses, perks, stock and options awarded during the year.