The chairman, president and CEO of Duluth-based NCR Corp. had his total compensation nearly double to $12.17 million for 2010, the result of stock and option awards and a management incentive plan payment.
William Nuti's base salary of $1 million was the same as it has been since 2008, according to a filing with the Securities and Exchange Commission, but his total compensation rose from $6.96 million in 2009. In 2008, he made $7.23 million.
In addition to his base salary, Nuti received $8.11 million in stock awards, $1.4 million in stock options and $1.5 million in an incentive plan. Nuti -- and other executives -- received no incentive compensation in 2009 because the company did not meet its performance objectives.
Only one executive received a bonus in 2009. Nuti did not receive a bonus in 2010.
Nuti, 47, has led NCR since 2007. His other compensation, including use of a company aircraft, security, insurance premiums and contributions to a company savings plan, dipped slightly, to $154,434 from $184,932.
The most recent stock options allow executives to buy stock at $12.81 a share, and expire in 2020. NCR's stock is currently trading around $18.30 a share.
NCR, which moved to Duluth in 2009, provides software for retail, financial and other businesses. It earned $134 million in 2010, or 84 cents a share, compared to 2009 losses of $33 million, or 21 cents a share.
NCR saw revenues increase 5 percent in 2010, to $4.8 billion, and its stock price rose 38 percent.
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