More than 8 x his salary in results based performance.
Of course he's going to allow his minions to cheat
D. Scott Davis
Executive Compensation
As Chairman and Chief Executive Officer at UNITED PARCEL SERVICE INC,D. Scott Davis made
$10,694,321 in total compensation.
Of this total
$1,049,703 was received as a salary,
$426,034 was received as a bonus,
$463,675 was received in stock options,
$8,714,617 was awarded as stock and
$40,292 came from other types of compensation.
This information is according to proxy statements filed for the 2013 fiscal year.
Not bad for being dishonest.
NEW YORK -- The chairman and chief executive of United Parcel Service Inc. received total compensation last year valued at $9.5 million, a 73 percent jump from 2009, according to an analysis by the Associated Press.
Scott Davis, 58, received a base salary of $1 million in 2010, the same as the year before, according to a filing Monday with the Securities and Exchange Commission. The bulk of his compensation, though, was in the form of stock awards. Davis' stock was worth about $7.8 million at the end of last year, more than double the $3.9 million his shares were worth at the end of 2009.
He also received option awards valued at $437,514 last year, about the same as 2009. His performance-based cash bonus jumped 78 percent to $232,000 from $130,523 in 2009.
Davis' perks for things like life insurance, financial planning and healthcare benefits slipped slightly from 2009, down 4 percent to $30,097.
UPS said in a disclosure that "the increase in Davis' total compensation reflects a long-running and deliberate effort" to increase the compensation of its top three executives, if earnings performance measures are met.
There was a freeze on all management salary increases in 2009, but the board increased the "potential compensation" -- meaning stock awards and other parts of the package that fluctuate.
In 2010, the company met its earnings targets. UPS earned $3.49 billion or $3.48 per share, up 62 percent from $2.15 billion, or $2.15 per share in 2009.
Revenue rose 9 percent to $49.55 billion. The company's stock price rose from $57.37 to $72.58 during the year. It closed Monday at $74.09.
Davis, 58, has been in the top spot at the world's largest package delivery company since 2008.
UPS expects to earn between $4.12 and $4.35 in 2011, mostly above its adjusted profit in 2007, the year the recession began. It made $4.17 per share in 2007, excluding one-time items. The recession began in December of that year.
NEW YORK -- The chairman and chief executive of United Parcel Service Inc. received total compensation last year valued at $9.5 million, a 73 percent jump from 2009, according to an analysis by the Associated Press.
Scott Davis, 58, received a base salary of $1 million in 2010, the same as the year before, according to a filing Monday with the Securities and Exchange Commission. The bulk of his compensation, though, was in the form of stock awards. Davis' stock was worth about $7.8 million at the end of last year, more than double the $3.9 million his shares were worth at the end of 2009.
He also received option awards valued at $437,514 last year, about the same as 2009. His performance-based cash bonus jumped 78 percent to $232,000 from $130,523 in 2009.
Davis' perks for things like life insurance, financial planning and healthcare benefits slipped slightly from 2009, down 4 percent to $30,097.
UPS said in a disclosure that "the increase in Davis' total compensation reflects a long-running and deliberate effort" to increase the compensation of its top three executives, if earnings performance measures are met.
There was a freeze on all management salary increases in 2009, but the board increased the "potential compensation" -- meaning stock awards and other parts of the package that fluctuate.
In 2010, the company met its earnings targets. UPS earned $3.49 billion or $3.48 per share, up 62 percent from $2.15 billion, or $2.15 per share in 2009.
Revenue rose 9 percent to $49.55 billion. The company's stock price rose from $57.37 to $72.58 during the year. It closed Monday at $74.09.
Davis, 58, has been in the top spot at the world's largest package delivery company since 2008.
UPS expects to earn between $4.12 and $4.35 in 2011, mostly above its adjusted profit in 2007, the year the recession began. It made $4.17 per share in 2007, excluding one-time items. The recession began in December of that year.
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