Salaries and bonuses
Sampling of recent proxies for upcoming annual shareholders meetings discloses that American Home Products Chairman and CEO John Stafford's salary and bonus were $2.04 mil. in 1992, up 10.9% from the $1.84 mil. he took home in 1991. Stafford's 1991 salary and bonus were 8.2% higher than in 1990. Abbott CEO Duane Burnham's 1992 annual compensation, including salary and bonus, is $1.51 mil., a 4.7% increase from $1.44 mil. in 1991, which was up 13.6% from the $1.27 mil. he received in 1990. Salary in 1992 was $761,535; bonus, $682,500; and other compensation $64,592, proxy states. Annual meeting notice points out that Burnham's bonus is "heavily weighted by the achievement of the corporation's goals, both financial and non-financial".
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