Shareholders in Boise's Micron Technology Inc. are getting their money's worth from Micron's CEO, says a Wall Street Journal story (subscription required).
Mark Durcan led the memory-chip maker to a 120 percent return last year as he earned $6.9 million, according to the Journal/Hay Group CEO Compensation Study, which analyzed data from the 300 largest companies by revenue.
That return was second among the 300 only to printing company R.R. Donnelley & Sons Co., where CEO Thomas Quinlan III delivered a 144 percent return for $7.1 million.
"Deals like Donnelley and Micron are getting harder to find, as boards increasingly gear their CEOs' compensation packages to pay off handsomely when performance is strong," reporter Theo Francis wrote.
Both companies declined to comment.