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Frontier top execs' compensation jumps

Rochester Business Journal
March 28, 2011

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.           

(c) 2011 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


What You're Saying 

Joe Wierzbowski at 5:12:06 PM on 3/28/2011
I find it interesting that if this article was about pay raises for public workers, teachers, or union workers there would probably be a long list of comments condemning their greed for accepting such exorbitant salary increases. The phone company is a quasi publicly regula...  Read More >
robert Glynn at 1:22:46 PM on 3/31/2011
Shame that they keep taking all this money saying how great this company is they take from there employees by increasing health care, layoffs, take away bonuses, increase the product, cut costs all over except themselves. But the truth of the matter is that instead of buildi...  Read More >

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