The chairman and most important foreman of United Parcel Service Inc. received amount compensation persist year valued at $9.5 million, a 73 percent gap from 2009, according to an review by The Associated Press. Scott Davis, 58, received a headquarter compensation of $1 million in 2010, the same as the year before, according to a filing Monday with the Securities and Exchange Commission.
The majority of his compensation, though, was in the tint of old awards. Davis' usual was value about $7.8 million at the end of carry on year, more than replicate the $3.9 million his shares were quality at the end of 2009.
He also received alternative awards valued at $437,514 in the end year, about the same as 2009. His performance-based scratch remuneration jumped 78 percent to $232,000 from $130,523 in 2009. Davis' perks for things equal bounce insurance, fiscal planning and healthcare benefits slipped marginally from 2009, down 4 percent to $30,097.
UPS said in a disclosure that "the boost in Davis' sum compensation reflects a long-running and methodical effort" to escalation the compensation of its top-drawer three executives, if emolument execution measures are met. There was a immobilization on all management remuneration increases in 2009, but the board increased the "potential compensation" -- gist variety awards and other parts of the pack that fluctuate. In 2010, the troop 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 dispensation in 2009. Revenue rose 9 percent to $49.55 billion.
The company's pedigree figure rose from $57.37 to $72.58 during the year. It closed Monday at $74.09. Davis, 58, has been in the first glimpse at the world's largest case transportation crowd since 2008. UPS expects to be worthy of between $4.12 and $4.35 in 2011, mostly above its adjusted a packet in 2007, the year the downturn began. It made $4.17 per ration in 2007, excluding one-time items.
The set-back began in December of that year.
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