P&G CEO earns $13.1M

Associated Press

CINCINNATI

Procter & Gamble Co. CEO Bob McDonald earned some $13.1 million in his first year as head of the world’s largest consumer-products company, considerably less than his veteran predecessor was paid, according to regulatory-filing figures.

The filing Friday showed that nearly 90 percent of McDonald’s pay was tied to performance. His salary was $1.4 million, with a $2.67 million bonus, and stock and options awards valued at $8.57 million.

Among McDonald’s other compensation was $223,620 for personal use of company aircraft, which P&G said it requires for security reasons. Other perks included tax preparation, a home security system and an annual physical.

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