United Technologies’ CEO Leaves With $172 Million Pay Package
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Louis Chenevert, who retired as chief executive officer of United Technologies Corp. in a surprise move three days ago, will leave with a nest egg of about $172 million.
That sum includes $109 million of vesting option awards and $32 million of vesting performance-based restricted-stock awards, based on the Nov. 25 closing price, and a pension worth $31 million as of Dec. 31, according to data from the company’s proxy filing released earlier this year.