Sara Lee CEO Brenda Barnes’ compensation rose 60 percent to $15.2 million for fiscal 2009 despite a 20 percent decline in the company’s stock price, reports Crain’s Chicago Business. The increase is due to $8.3 million in stock awards, which vested when she reached Sara Lee’s retirement age November 11. In its proxy statement, the company reported that Barnes received $4.4 million in “realized compensation” last year, or 41 percent of her possible compensation, because she failed to achieve incentive targets and her stock options remained under water.
Sara Lee CEO Barnes’ Salary Reaches $15.2M
Brenda Barnes, CEO of Sara Lee, saw a compensation hike despite faltering stock prices.
September 17, 2009