Thomson Reuters CEO paid $36.6 million in 2008
Tom Glocer, the CEO of Thomson Reuters, the parent company of the Reuters news service, received $36.6 million in total compensation in 2008, according to a story by Financial Post reporter John Greenwood.
Greenwood writes, “The largest component of Mr. Glocer’s pay package was a one-time grant of 700,000 restricted share units that will vest 20% each year for five years providing that performance goals are met.
“What is described in the filings as Mr. Glocer’s ‘normal annual compensation’ came in at US$8.9-million.
“Last year Mr. Daleo went home with US$6-million in normal annual compensation with Mr. Smith receiving US$5.2-million.
“Less than 20% of the total take-home of top executives is described as base salary. The rest is a mix of cash and stock incentives, pension entitlements and ‘other’ compensation.
“Disclosure of executive compensation at the data and media giant comes at a time when companies around the world are under pressure from shareholders to keep a lid on management pay.”
Read more here.