CEO

Summary Box: Alcoa CEO pay rises slightly in 2011

AP News
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Posted: Mar 16, 2012 4:22 PM
Summary Box: Alcoa CEO pay rises slightly in 2011

BY THE NUMBERS: The compensation package for Alcoa Inc. CEO Klaus Kleinfeld rose 2 percent to $12.6 million in 2011. It consisted primarily of restricted stock and options awards valued at $9.5 million when granted on Jan. 25, 2011.

BONUS CUT: Kleinfeld agreed to a 42 percent cut in his performance-based cash bonus when business weakened in the last half of the year. The company's stock price fell 44 percent during the year.

WHAT'S NEXT: Shareholders will consider a number of proposals during the May 4 annual meeting, including supermajority voting requirements and election of directors.