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Executives Wages And Salaries

BUSINESS
April 20, 2001 | NANCY RIVERA BROOKS
John E. Bryson, chairman and chief executive of Edison International, saw his compensation drop by more than half last year as the company's utility subsidiary, Southern California Edison, sank deep into electricity debt. Bryson, 57, received $1.04 million in salary and other compensation in 2000, according to a Securities and Exchange Commission filing Thursday. In 1999, Bryson's salary and other compensation totaled $2.24 million, including a $1.26-million bonus.
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BUSINESS
April 14, 2001 | Bloomberg News
Northrop Grumman Corp. Chief Executive Kent Kresa's bonus doubled last year to $2.8 million, a reward for slashing the defense contractor's debt and boosting earnings, the company said in a regulatory filing. Kresa's base salary was raised 7.8% to $1 million from $936,346, and he received $61,545 in other compensation, which included a car allowance and tax-preparation services. Kresa, 63, has been CEO of Northrop since 1989.
BUSINESS
April 12, 2001 | Bloomberg News
Intel Corp. reported that it gave Chief Executive Craig Barrett an 8% increase in cash compensation last year, paying him $3.36 million in salary and bonus. Barrett's salary rose to $575,000 in 2000 from $525,000 in 1999, according to a proxy statement filed with the Securities and Exchange Commission. His bonus increased to $2.78 million from $2.59 million. Barrett also received options to buy 200,000 company shares for $61.19 each, the filing said. The grant would be worth $19.
BUSINESS
April 11, 2001 | From Reuters
Ford Motor Co. disclosed Tuesday that Chief Executive and President Jacques Nasser earned $12.1 million last year as he grappled with the crisis that erupted over deaths and injuries in rollovers of the popular Explorer sport-utility vehicle. The figure, which included salary, bonus and other compensation, marked a nearly 19% increase in compensation for Nasser compared with 1999, when he earned $10.2 million in his first year as president and CEO of the world's No. 2 auto maker.
BUSINESS
March 14, 2001 | From Bloomberg News
Nortel Networks Corp. Chief Executive John Roth reaped about $88 million in gains last year by exercising stock options, according to a regulatory filing. Roth exercised options to buy more than 1.5 million shares of the biggest maker of fiber-optic equipment, according to the U.S. Securities and Exchange Commission filing.
BUSINESS
March 14, 2001 | KAREN ALEXANDER, TIMES STAFF WRITER
These are tough times at EMachines Inc., unless you're at the top. The struggling Irvine computer vendor lost $129 million in the last quarter as revenue slumped 56%. Its stock has not traded above $1 for months, and the company has been warned that it could be removed from the Nasdaq stock market. Nonetheless, the company agreed to pay its new chief executive a compensation package worth nearly $3 million this year and will shell out $1.
BUSINESS
March 14, 2001 | KAREN ALEXANDER, TIMES STAFF WRITER
These are tough times at EMachines, unless you're at the top. The struggling Irvine computer vendor lost $129 million in the last quarter as revenue slumped 56%. Its stock has not traded above $1 for months, and the company has been warned that it could be removed from the Nasdaq stock market if the situation does not improve. Nonetheless, the company agreed to pay its new chief executive a compensation package worth nearly $3 million this year, and will shell out $1.
BUSINESS
February 3, 2001 | PETER PAE, TIMES STAFF WRITER
When Northrop Grumman Corp. completes its $3.8-billion purchase of Litton Industries Inc. next month, the biggest beneficiaries may well be Litton's top executives, who could end up with $168 million in compensation. According to a filing with the Securities and Exchange Commission on Thursday, the bulk of the merger-related largess will go to five senior executives at Litton, who could take home $110 million in vested stock options, severance and lump-sum supplemental retirement payments.
BUSINESS
January 13, 2001 | JAMES BATES, TIMES STAFF WRITER
Michael Eisner and the other top corporate executives at Walt Disney Co. can thank "Who Wants to Be a Millionaire" for the millions of dollars in bonuses they are getting, and they didn't have to answer a single trivia question. Disney executives, most of whom received no bonus a year ago because of the company's poor performance, earned a collective $33.
BUSINESS
January 12, 2001 | Bloomberg News
Quaker Oats Co. Chief Executive Robert Morrison will get a payment of about $19.3 million if he stays at least 18 months after PepsiCo Inc. completes its planned purchase. The payment is in addition to his $1.11-million annual salary. Morrison agreed to remain Quaker Oats' chairman, president and CEO after the acquisition. He also will become co-vice chairman of PepsiCo with Roger Enrico, the soft-drink maker's current chairman and CEO.
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