PORTLAND, Ore. (AP) — Whole Foods Market Inc. paid its co-CEOs compensation valued at nearly $4.6 million combined during its 2010 fiscal year.
The natural and organic grocer announced in May that it was making the top leadership position at the company a two-person job. Whole Foods promoted President Walter Robb to share the CEO role with the company’s founder John Mackey.
Whole Foods paid Mackey compensation valued at $45,969 and Robb compensation valued at nearly $4.58 million during the most recent fiscal year, according to an Associated Press calculation based on a filing with regulators Tuesday. Mackey’s pay was made up of $1 salary and the rest unused paid time off.
The Associated Press compensation includes executives’ salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don’t include changes in the present value of pension benefits and sometimes differ from the totals released by the companies.
