ATLANTA (AP) — The chairman and chief executive officer of UPS Inc., Scott Davis, received total compensation valued at $5.2 million in 2008 — his first year at the helm of the world's largest shipping carrier, according to a regulatory filing Friday. That was about 16 percent more than his predecessor received in 2007.
According to an analysis of the filing with the Securities and Exchange Commission, Davis, 57, received a salary of $960,000, a bonus of $40,000 and a performance-based bonus of $136,944.
He received all other compensation of $30,014, including $6,900 for 401(k) matching contributions, $4,386 related to life insurance premiums, $5,498 related to a restoration plan rollover option involving pension benefits and $13,230 for financial planning services.
Davis also received stock and option awards the company valued at $4,001,706 on the days they were granted.
The total compensation of $5,168,664 in 2008 compares with the $4,452,464 predecessor Mike Eskew received in 2007. Davis, who had been chief financial officer, replaced Eskew, who retired, on Jan. 1, 2008.