April 18, 2012: United Parcel Service CEO Scott Davis got a whopping 21.62 percent raise to $13.05 million last year according to a company filing with the SEC.
Davis made $10.73 million in 2010 bringing the hike in his total compensation to $2.3 million.
Davis was paid a base salary of $1.02 million, $9.45 million in shares, stock options worth $450,807, and a $566,996 bonus. Davis also got $1.51 million via an increase in the value of his pension and deferred compensation.
Higher pay, increased pensions? We need to make UPS deliver the same for working Teamsters at contract time.