US companies will disclose the total compensation of their top five executives in more detail. A record number of compensation-related proxy proposals are expected. New summary compensation tables are drawing the attention of ‘proxy geeks’.
When Wrigley filed its 2007 proxy statement in February, it included one of the first examples of the new summary compensation table now required in SEC filings. The inclusion was the ‘wow’ number for total compensation, showing former CEO and president William Wrigley Jr earning $8.6 mn.
The pay for Wrigley, who stepped down as CEO in October but remains chairman, wasn’t even exceptional by executive standards; he actually failed to qualify for a bonus. Yet it drew the kind
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