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April 28, 2008

Caterpillar's Owens got $14.8M in 2007, up 17%

CHICAGO (AP) — Caterpillar Inc. Chief Executive Jim Owens received $14.8 million in 2007 compensation, up 17 percent in a year when company profits rose 4 percent, according to a regulatory filing last week by the heavy equipment maker.

Owens was paid a salary of $1.5 million, up from $1.35 million in 2006, plus a $300,000 bonus. The bulk of his compensation came in stock options and restricted stock that the Peoria, Ill.-based manufacturer valued at $8.3 million when they were granted.


 
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