Wachovia boss got $18.4m package
His compensation also included $39,426 for personal use of company aircraft, which Wachovia Corp.’s board requires of Thompson for security reasons.
Thompson also exercised 30,800 stock options for a total of $833,140 and became vested in 62,042 shares in stock valued by the company at nearly $3.5 million.
The company’s filing also states that Thompson has received nearly $14.3 million in stock and option awards in 2007.
The Associated Press calculations of total pay include executives’ salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don’t include changes in the present value of pension benefits.
