UPS CEO got $10.7 million in 2012 compensation

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Associated Press

Posted on March 29, 2013 at 4:00 PM

Updated Friday, Mar 29 at 4:03 PM

The CEO of UPS is getting $10.7 million in annual compensation, but that's down a bit because the big package-delivery firm was less generous with incentive pay.

Chairman and CEO Scott Davis got a 3 percent increase in salary last year, to nearly $1.1 million, but most of his compensation comes in the form of stock awards.

Last year his stock awards were worth an estimated $8.7 million on the day they were granted. That's down from the year before, when Davis' stock awards were worth nearly $9.5 million.

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

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