*NEWS*STAPLE:CEO GOT $10M IN COMPENSATION

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*NEWS*STAPLE:CEO GOT $10M IN COMPENSATION

 user 2007-04-30 at 10:43:00 am Views: 54
  • #18295

    Staples Inc. CEO gets nearly $10 million in 2006 compensation
    BOSTON Staples Chairman and C-E-O Ronald Sargent received compensation valued at nearly ten (m) million dollars in 2006.
    It
    was a year in which the Framingham-based office products supplier moved
    into new North American markets and began to turn around lagging
    results in Europe.Sargent was paid just over one (m) million dollars in
    salary, up more than three percent from the year before.The bulk of
    Sargent’s 2006 compensation package came from stock and option awards
    under an incentive plan based on Staples’ performance.Sargent has been
    chief executive since February 2002 and board chairman since March 2005
    at Staples, which operates about 19-hundred stores and employs
    74-thousand employees.