Some Georgia CEOs have taken large pay cuts in the past week, but their compensation is still lucrative by most standards. Use our exclusive calculator at www.MyAJC.com/business to find out how long you’d have to work at your current salary to earn what Georgia’s top CEOs make in one year.
NCR Corp. Chief Executive Bill Nuti got a 14 percent pay raise last year, to nearly $11.2 million, rebounding from a pay cut he took the previous year.
Last year, the Duluth-based company’s profits fell almost 8 percent, to $443 million. NCR makes electronic payments equipment such as ATMs, fuel pump credit card readers and other devices. Its 2013 revenues rose 6.9 percent, to $6.1 billion.
In 2013, Nuti was paid a $1 million salary, $4.9 million in bonuses and $5 million in stock awards, although the value of part of the compensation depends on NCR’s later financial and stock performance, the company said in a proxy filing this week.
Nuti also got $210,004 worth of perks, including use of a company jet and a car and driver in New York.
Not included in those totals are $13.9 million in stock gains Nuti got last year from company stock. He got the stock when he cashed in some earlier stock option awards and took ownership of other shares through previous stock awards that vested.Those awards were part of Nuti’s compensation in earlier years.
In 2012, Nuti’s compensation dropped 16 percent to $9.8 million after critics challenged NCR’s efforts to give “ad hoc” awards in 2011 to restore compensation that executives forfeited when they missed profit targets.
In its filing, NCR said the company missed some profit targets and exceeded others last year, but there were no ad hoc awards in executives’ 2013 pay.
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