SAN FRANCISCO (AP) -- Associated Press calculations show Starbucks CEO and founder Howard Schultz was paid nearly $22 million in fiscal 2010 as the company roared back from the recession.
That's 45 percent more than he received in 2009 and it includes a salary of $1.3 million, double what the received in 2009, plus non-equity compensation of $3.5 million and $16.7 million in stock and options.
The AP's calculation is based on a regulatory filing Friday. It aims to isolate the value the company placed on the executive's total compensation. It includes salary, all bonuses and perks, above-market returns on deferred compensation -- of which Schultz received none -- and the estimated value of stock options and awards.
(Copyright 2011 by The Associated Press. All Rights Reserved.)