Abbott CEO's pay falls on reduced stock options

Mon, 03/15/2010 - 3:17pm
The Associated Press

Abbott Laboratories gave Chairman and Chief Executive Miles White less compensation last year, mainly as a result of less in stock options.

The North Chicago-based company disclosed White's total compensation as $21.9 million, down 13 percent from $25.3 million in 2008.

White's salary rose about 3 percent to $1.9 million, while his performance bonus fell 7 percent to $3.9 million.

White received over $709,000 in perks, including jet travel and personal security. Above-market earnings on deferred compensation fell to $70,528.

His stock options fell 15 percent to $15.5 million for the year from $18.3 million on 2008.

Abbott disclosed White's compensation in a regulatory filing with the Securities and Exchange Commission.


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