Frontier Communications Corp. chairman and CEO Maggie Wilderotter received a 77 percent bump up in pay last year.
Wilderotter’s total 2010 compensation of $8.6 million was up from $4.8 million in 2009, a proxy statement filed Monday with the Securities and Exchange Commission shows.
Augmenting $974,167 in Wilderotter’s base pay were a $750,000 bonus, stock awards worth $5.6 million and $1.2 million in incentive plan compensation. Frontier picked up the tab for $39,843 in legal expenses incurred in the negotiation of a restatement of Wilderotter’s employment contract, the filing shows.
Next most highly paid after Wilderotter were:
- Chief Financial Officer Donald Shassian, whose 2010 compensation of $2.7 million was up 52 percent from a $1.8 million pay package in 2009;
- Chief Operating Officer Daniel McCarthy, whose 2010 compensation of $2.2 million was up 90 percent from $1. 2 million in 2009;
- Cecelia McKenney, executive vice president for human resources and call center operations, whose compensation of $1.6 million was up 72 percent from $952,434 in 2009; and
- Peter Hayes, executive vice president commercial sales, whose $1.3 million 2010 pay package reflected a 23 percent bump up from $1.02 million in 2009.
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