Nestle Chief Bulcke’s 2011 Pay Falls 7.3% on Bonus Drop
The maker of Nescafe soluble coffee paid Bulcke 9.8 million Swiss francs ($10.6 million), including a 2 million-franc base salary, Vevey, Switzerland-based Nestle said in its annual report published online today. The short-term bonus, in cash and shares, declined to 3.73 million francs in 2011 from 4.45 million francs a year earlier.
The total package includes other elements such as stock options and performance-based compensation.
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