Comp Roundup: Mackey, Bronfman, Donald, Mozilo

A self-imposed pay cut resulted in the CEO of Whole Foods Market receiving compensation valued at $162,160 in fiscal 2007, the company disclosed in a regulatory filing yesterday, the Associated Press reports.

John P. Mackey, 54, received a base salary of $93,500 in the fiscal year that ended Sept. 30. He did not receive a bonus or awards of stock options. However, he did get $68,363 in non-equity incentive plan compensation. The CEO also received $297 in matching funds from a company 401(k) program. Mackey said in late 2006 that beginning the next calendar year, he would take a salary of $1; he was paid his old salary for the first three months of the fiscal year already underway.

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Edgar Bronfman Jr., CEO of Warner Music Group Corp., received a compensation package in fiscal 2007 valued at $3.4 million, according to an analysis of documents filed Friday with the Securities and Exchange Commission, according to AP.

Bronfman, who also holds the title of chairman, received a salary of $1 million along with $2,419,855 in dividends paid on restricted stock. Bronfman, who has headed the company since 2004, declined to receive a cash bonus for the fiscal year ended Sept. 30, opting instead for the money to go toward other non-executive employees' bonuses, the company said.

Warner did not specify the size of the bonus that Bronfman would have been entitled to receive.

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Starbucks Corp. has given the chief executive officer it fired earlier this month a severance package that includes $1.25 million the coffee retailer will pay out over the next year, AP reports.

The agreement, according to an SEC filing yesterday, also grants Jim Donald options on 1.45 million shares of stock at prices of either $10.86 or $15.23.

Those options are worth $10.14 million, based on yesterday’s closing stock price of $19.66. The deal, reached about two weeks after Donald was fired, gives him three months past his Jan. 7 firing date to exercise those options.