Pay for Kroger Co.'s CEO fell again as the grocery chain's sales and profit growth fell below tough targets in a choppy economy.
An Associated Press analysis shows that David Dillon, chairman and CEO of the nation's largest traditional grocer, received compensation for 2011 valued at $5.4 million. That's down 19 percent from 2009, and the third straight year in which Dillon's largely performance-based pay fell.
Kroger outperformed most competitors, with revenue up 7.1 percent for the year to $82.2 billion. Earnings per share were $1.74, up from only 11 cents for 2009 when Kroger took a charge for the decline in value of its Ralphs division in California.
The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.
An Associated Press analysis shows that David Dillon, chairman and CEO of the nation's largest traditional grocer, received compensation for 2011 valued at $5.4 million. That's down 19 percent from 2009, and the third straight year in which Dillon's largely performance-based pay fell.
Kroger outperformed most competitors, with revenue up 7.1 percent for the year to $82.2 billion. Earnings per share were $1.74, up from only 11 cents for 2009 when Kroger took a charge for the decline in value of its Ralphs division in California.
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