Grainger CEO Keyser earned $7.2M in 2006
May 1, 2007
The chairman and chief executive officer of W.W. Grainger Inc., a provider of facilities maintenance products, received compensation worth $7.2 million in 2006, reports the Associated Press.
Richard Keyser took home base salary of $1.1 million and did not receive a bonus in the year. The bulk of his compensation came as stock and option awards that the company valued at $4.3 million on the dates they were issued.
Keyser also received $689,130 in perquisites, including $122,540 for the use of company aircraft and $4,848 for the use of a company car and driver.
W.W. Grainger’s 2006 profit rose 11 percent to $383.4 million and revenue rose 7 percent to $5.88 billion. The company’s stock lost 2 percent in the year to finish 2006 at $69.96. Shares were trading around $76 on the New York Stock Exchange in early April.
The Associated Press calculations of total pay include executives’ salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. It may vary with totals that companies report.
Richard Keyser took home base salary of $1.1 million and did not receive a bonus in the year. The bulk of his compensation came as stock and option awards that the company valued at $4.3 million on the dates they were issued.
Keyser also received $689,130 in perquisites, including $122,540 for the use of company aircraft and $4,848 for the use of a company car and driver.
W.W. Grainger’s 2006 profit rose 11 percent to $383.4 million and revenue rose 7 percent to $5.88 billion. The company’s stock lost 2 percent in the year to finish 2006 at $69.96. Shares were trading around $76 on the New York Stock Exchange in early April.
The Associated Press calculations of total pay include executives’ salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. It may vary with totals that companies report.