Baxter International Inc. Chairman and Chief Executive Robert Parkinson Jr.'s compensation fell nearly 15 percent last year to $11.8 million, according to regulatory filings.
The Deerfield, Ill.-based drug and medical device maker paid Parkinson a salary $1.3 million, roughly flat from what he received in 2008. Parkinson's performance bonus fell 7.7 percent to $2.5 million.
The majority of Parkinson's compensation came from stock options and awards worth $7.8 million. That amount was down nearly 20 percent from $9.7 million awarded in 2008.
The AP's executive pay calculation, based on a regulatory filing, aims to isolate the value the company's board placed on the CEO's total compensation package. The figure includes salary, bonus, incentives, perks and the estimated value of stock options and awards.