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Kroger CEO Bags 66 Percent Pay Increase for 2011

Kroger Co. CEO David Dillon was paid $8.9 million in 2011, a 66 percent markup over what the Cincinnati-based grocer paid him the previous year, the Associated Press reports.

Dillon’s pay improved along with Kroger’s bottom line. His cash performance bonus increased from $808,020 to $2.7 million, and Dillon also was paid a $619,000 long-term bonus, AP reports. In 2010, Dillon made $5.4 million.

Kroger increased Dillon’s stock options from $2.9 million in 2010 to $5.2 million last year. Dillon has been CEO of Kroger since 2003.


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