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Sunday, September 5, 2004

Top officer earnings for P&G, Cintas



The Enquirer's study covers 2003. Procter & Gamble Co.'s fiscal year ends June 30, and the company reported compensation for its top officers Aug. 27. Cintas Corp's fiscal year ends May 31, and the company reported compensation Sept. 1. These will be included in our 2004 report.

Here's what P&G's top officers earned during the 2004 fiscal year:

• A.G. Lafley, chairman, president and CEO: $15.6 million in salary, bonuses and other compensation, plus stock options with a current value of $10.5 million.

• Jorge Montoya, president of global snack and beverages and the company's Latin America operations: $5.4 million in salary, bonuses and other compensation, plus stock options with a current value of $2.8 million. .

• Bruce L. Byrnes, vice chairman: $4.9 million in salary, bonuses and other compensation, plus stock options with a current value of $3.5 million.

• R. Kerry Clark, vice chairman: $4.7 million in salary, bonuses and other compensation, plus stock options with a current value of $3.5 million.

• Mark D. Ketchum, president for global baby and family care: $4.3 million in salary, bonuses and other compensation, plus stock options with a current value of $3.1 million.

Here's what Cintas's top officers earned in fiscal 2004:

• Robert Kohlhepp, vice chairman: $2.0 million in salary, options exercised and dividends.

• Scott Farmer, president and CEO: $2.4 million in salary, options exercised and dividends, plus stock options with a current value of $1.6 million.




EXECUTIVE PAY
A bountiful harvest
72 in the $1 million club
Among top executives, white males dominate
Guide to rankings
The method behind the numbers
Top officer earnings for P&G, Cintas
Spare change: Nuggets from the proxy statements

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