Coca-Cola Enterprises Inc. Chairman and CEO John F. Brock’s total compensation was down 54 percent in 2011, due in part to a big dip in stock awards, the Atlanta Business Chronicle reports.
The Atlanta-based Coke products distributor and marketer, whose annual profit jumped 20 percent to $749 million in 2011, reported in a proxy filing with the Securities and Exchange Commission Monday it gave Brock $10.6 million. This included a $1.2 million salary (flat), $4.2 million in stock awards (down 63 percent), $2.8 million in option awards (flat) and $2 million in non-equity incentive plan compensation (down 43 percent).
Brock further got personal use of company aircraft worth $199,479 and $151,268 in company contributions to the company 401(k) plan and/or supplemental savings plan, the Chronicle says.
CFO William W. Douglas III’s total compensation fell 42 percent to $2.8 million.