CEO

Corning CEO got $9.35 million in 2010

AP News
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Posted: Mar 14, 2011 4:29 PM
Corning CEO got $9.35 million in 2010

The chief executive and chairman of Corning Inc. saw his pay package rise by 19.6 percent last year, as the specialty glassmaker benefited from surging demand for ultra-thin glass used in television monitors, smart phones and touch-screen tablets.

Wendell Weeks received compensation valued at $9.35 million in 2010, up from $7.82 million in 2009.

His combined performance-based pay and stock and options awards jumped 22.6 percent to $7.85 million from $6.4 million in 2009. His salary rose 3.8 percent to $1.07 million.

The Associated Press calculated Weeks' pay based on filings with the Securities and Exchange Commission. The AP formula isolates the value the company's board placed on the executive's total compensation package and is often different from what companies report to regulators.