March 25, 2011: UPS CEO Scott Davis made $10.7 million last year, a 72 percent hike over his total compensation for 2009.
Davis’s pay has quadrupled since 2007. Over the same period, the Hoffa administration has given Davis record givebacks at the bargaining table.
UPS paid Davis $1 million in base salary plus a $232,000 cash bonus. Most of the rest of Davis’s compensation was $7.8 million in stock awards. The estimated value of Davis’s pension grew by $1.2 million. Davis got another $437,514 in option awards.
All these figures come from a proxy statement filed by UPS with the Securities and Exchange Commission.