Colgate-Palmolive CEO 2010 pay package at $14.2M

AP News
Posted: Mar 25, 2011 10:59 AM
Colgate-Palmolive CEO 2010 pay package at $14.2M

The CEO of Colgate-Palmolive Co. received a compensation package valued at about $14.2 million in 2010, a 2 percent decrease from a year earlier.

An Associated Press analysis of regulatory filings shows Ian Cook's salary of $1.15 million was the same as in 2009.

But the filings show Cook, who also serves as chairman and president, received a performance-related bonus of about $3.4 million, down from $3.5 million in 2009. His stock options award was also worth less when granted than a year ago.

The AP's executive pay calculation, based on a regulatory filing, aims to isolate the value the company's board placed on the CEO's total compensation package. The figure includes salary, bonus, incentives, perks and the estimated value of stock options and awards.