UPS CEO’s compensation doubles

UPS CEO David Abney’s total compensation doubled to $8.4 million in 2014, mostly due to increased stock awards.

Sandy Springs-based UPS said the increased value of Abney’s stock awards to $5.4 million in 2014 from $3.2 million in 2013 reflects a change in how it accounts for the awards. The company now reports the full value of the awards for three-year performance targets, rather than spreading it over three years, and the accounting for 2014 also includes a third of the value of the 2012 and 2013 incentive plans.

For Abney, who was promoted from chief operating officer to CEO in September 2014, total compensation for 2014 included a salary of $674,546, up from $499,494 in 2013.

Previous CEO Scott Davis, who retired in September, had a salary of $830,835 in 2014 and total compensation of nearly $17 million.

About the Author

How the FAA’s flight cuts are affecting Hartsfield-Jackson

The Federal Aviation Administration has ordered airlines to cut traffic across 40 of the nation’s busiest airports starting Friday to maintain safety.

1h ago

Tallest tower to join Atlanta’s skyline in 30 years reaches highest point

The project’s development team is commemorating the 60-story tower’s construction milestone and celebrate its journey to becoming Atlanta’s fifth-tallest building.

1h ago

Flight affected by FAA cuts? Here’s what to do.

Hartsfield-Jackson Atlanta International, the busiest airport in the world, is on the list of airports affected — and will also likely see cancellations and delays.

The Latest