It's Nice to see while Frontier is bargaining contracts with Locals and stating they need to save money. That times are tough !!
But its OK to give our top executives 70 to 90% Raises !!!!
Frontier top execs' compensation jumps
By WILL ASTOR - 3/28/2011 2:57:51 PM
Frontier Communications Corp. chairman and CEO Maggie Wilderotter received a 77 percent bump up in pay last year.
Wilderotter’s total 2010 compensation of $8.6 million was up from $4.8 million in 2009, a proxy statement filed Monday with the Securities and Exchange Commission shows.
Augmenting $974,167 in Wilderotter’s base pay were a $750,000 bonus, stock awards worth $5.6 million and $1.2 million in incentive plan compensation. Frontier picked up the tab for $39,843 in legal expenses incurred in the negotiation of a restatement of Wilderotter’s employment contract, the filing shows.
Next most highly paid after Wilderotter were:
· • Chief Financial Officer Donald Shassian, whose 2010 compensation of $2.7 million was up 52 percent from a $1.8 million pay package in 2009;
· • Chief Operating Officer Daniel McCarthy, whose 2010 compensation of $2.2 million was up 90 percent from $1. 2 million in 2009;
· • Cecelia McKenney, executive vice president for human resources and call center operations, whose compensation of $1.6 million was up 72 percent from $952,434 in 2009; and
· • Peter Hayes, executive vice president commercial sales, whose $1.3 million 2010 pay package reflected a 23 percent bump up from $1.02 million in 2009.
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