Saturday, March 10, 2012

Wisconsin Energy chairman paid $11 million in 2011

By ASSOCIATED PRESS ??Friday, March 9, 2012 - 9:19 a.m.

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MILWAUKEE?Compensation for the chief executive of Wisconsin?s largest electric and natural gas utility totaled more than $11 million in 2011.
Gale Klappa was paid about 10 percent more than the previous year as chairman of Wisconsin Energy Corp. His base pay was about $1.2 million, but his total compensation includes incentive pay and stock awards.

A proxy statement filed with the Securities and Exchange Commission says Wisconsin Energy will maintain the base pay for its board members at $75,000 this year, but will increase their stock awards by $5,000 to $80,000.

The Journal Sentinel says the utility reported record earnings of about $526 million last year.

Source: http://gazettextra.com/weblogs/latest-news/2012/mar/09/wisconsin-energy-chairman-paid-11-million-2011/

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