P&G CEO bonus
This article was originally published in The Rose Sheet
Executive Summary
Procter & Gamble raised the annual bonus for President and CEO A.G. Lafley by 33.3% to $3 mil. in fiscal 2003 (ended June 30), company reports in Securities and Exchange Commission 1filing Aug. 28. Bonus is based on Lafley's individual performance and the annual bonus awards paid to CEOs of comparable companies, filing notes. Exec has led a successful restructuring initiative since becoming head of the company in 2000 (2"The Rose Sheet" June 12, 2000, p. 11). Lafley's salary for 2003 was $1.6 mil., compared with $1.4 mil. in the prior year, according to the filing...
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