RICHMOND, Va. (AP) — Marlboro maker Altria Group Inc.'s incoming CEO Martin J. Barrington received a pay package valued at $10.3 million for fiscal 2012.

That's according to an Associated Press analysis of a regulatory filing the owner of the nation's biggest cigarette maker, Philip Morris USA, made Thursday.

Barrington received a salary of $1.03 million and a performance-based bonus of $2.5 million. The value of his stock awards was $6.6 million, and he received other compensation worth $199,435.

Barrington took over as chairman and CEO last May after serving as vice chairman.

The Richmond-based company saw its profit grow 23 percent to $4.18 billion. Revenue excluding excise taxes rose 5 percent to $17.5 billion.

The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.


Due to the overwhelming enthusiasm of our readers it has become necessary to transfer our commenting system to a more scalable system in order handle the content.