Lowe’s Cos. CEO Robert A. Niblock received compensation valued at $11.7 million in 2009 from the nation’s No. 2 home-improvement retailer, up 3 percent from 2008.
In a filing with the Securities and Exchange Commission on Wednesday, Lowe’s reported that Niblock, 47, who is also chairman, received a salary of $1.1 million, the same as in 2008, and a performance-based bonus of $2.8 million, up from $1.5 million in 2008.
He received other compensation worth $204,515, including $30,297 for personal use of the company’s corporate aircraft and a $6,816 contribution to Niblock’s 401(k) plan.
The bulk of his award came as stock options and grants valued at $7.5 million the date they were granted.
I can hear the socialist in the White House screaming already. That’s just not fair.
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