Abbott CEO's pay falls on reduced stock options
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.