Herbalife CEO Compensation Falls to $10.3 Million in 2012
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Herbalife Ltd. said Chairman and Chief Executive Officer Michael Johnson was paid compensation of $10.3 million in 2012, a drop from the previous year when his pay was inflated by the value of stock awards.
Johnson was paid a salary of $1.24 million, an increase of 0.5 percent from 2011, and received options valued at $5 million and incentive compensation of $3.71 million, the Cayman Islands-based nutrition company said in a proxy filing today. Johnson achieved the maximum award for compensation linked to earnings per share and sales volume in the year, according to the filing.