6. Lewis Hay, III, CEO: $11.5 million NextEra Energy (NEE), clean energy company
Base salary: $1,293,500 Cash bonus: $2,328,300 Perks/other: $317,350 Stock awards: $6,666,532 Option awards: $892,894
NextEra did not return a request for comment.
7. Ellen J. Kullman, CEO: $11.3 million DuPont (DD), chemical company
Base salary: $1,300,000 Cash bonus: $2,846,000 Perks/other: $307,514 Stock awards: $4,701,135 Option awards: $2,166,667
A spokeswoman declined to comment.
8. Ursula M. Burns, CEO: $10.6 million Xerox (XRX), technology and document management company
Base salary: $1,050,000 Cash bonus: $1,693,125 Perks/other: $391,716 Stock awards: $7,500,009 Option awards: --
A spokesman declined to comment. Xerox has laid off 4,500 employees in the first six months of 2011.
9. Roger Ferguson, Jr., CEO: $8.6 million TIAA-CREF, financial service non-profit
Base salary: $1,000,000 Cash bonus: $7,439,916 Perks/other: $156,271 Stock awards: -- Option awards: --
A spokesman for TIAA-CREF said Ferguson's cash bonus is actually $4.75 million while the remainder of his compensation outside his $1 million base salary is a part of a "long term performance plan" similar to equity plans of publicly-held companies.
10. Antonio Perez, CEO: $3.5 million Eastman Kodak (EK), photography and imaging equipment company
Base salary: $1,096,168 Cash bonus: $341,000 Perks/other: $320,194 Stock awards: $1,701,290 Option awards: --
Christopher Veronda, spokesman for Kodak, said the company's "overall philosophy is to provide a compensation package that motivates and rewards desired performance and aligns the interests of our executives with that of our shareholders."
Kodak has cut global staff to 18,800 from a peak of 145,300 in 1988, and its headquarter jobs in Rochester, N.Y. to 7,100 from 60,400 in 1982, according to the Associated Press.
Veronda added that Kodak had major divestitures, including its health group and space systems division, which together had almost 20,000 jobs.
"We have also outsourced some services that employ hundreds of other with their new operator," he said. "So you have to look beyond the raw numbers, though there certainly have been job cuts as our film business shrank considerably. "
11. Gary C. Kelly, CEO: $3.3 million Southwest Airlines (LUV), airline
Base salary: $465,000 Cash bonus: $930,000 Perks/other: $112,668 Stock awards: $1,842,000 Option awards: --
Southwest has a 40 year history of avoiding layoffs and concessions, according to a company spokesman. Kelly has stated the company does not plan to layoff workers through the company merger with AirTran.
12. Richard D. Parsons, board chairman: $232,500 Citigroup (C), financial services
Base salary: -- Cash bonus: -- Perks/other: -- Stock awards: $232,500 Option awards: --
A Citigroup spokeswoman said the company has reduced headcount by more than 100,000 since 2007 through divestitures. Citi has sold more than 60 companies since 2007 which accounts for most of the headcount reduction. Attrition and some targeted layoffs contributed.