PORTLAND, Ore. (AP) — ConAgra Foods CEO Gary Rodkin saw the value of his compensation package fall 28 percent in the company’s most recent fiscal year.
A regulatory document filed Friday shows that the Omaha, Nebraska, food company gave Rodkin a pay package valued at $5.4 million for the year, versus nearly $7.6 million in the prior year.
ConAgra Foods Inc. held Rodkin’s salary steady at $1 million. The value of his perks, stocks and option awards rose. The cut came from an 86 percent reduction in incentive pay — bringing him from a $3.2 million payment in 2010 to $440,000 in 2011 as the company failed to meet certain financial goals.
The AP’s calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.
