Cliffs Natural Resources CEO John Brinzo receives $7.8M in 2006
Cliffs Natural Resources reports 2006 executive compensation
By ExecPay News
Published: March 26, 2008
Cliffs Natural Resources reported fiscal year 2006 executive compensation information on March 26, 2008.
In 2006, seven executives at Cliffs Natural Resources received on average a compensation package of $2.8M.
Average pay of disclosed executives at Cliffs Natural Resources
John S. Brinzo, Chief Executive Officer, received $7.8M in total. 35% of Brinzo's compensation, or $2.7M, was of change in pension value and nonqualified deferred compensation earnings. Brinzo also received $750K in bonus, $45K in non-equity incentive plan, $531K in salary, $2.6M in stock awards, as well as $1.2M in other compensation.
David H. Gunning, Chairman, received a compensation package of $2.7M. 57% of the compensation package, or $1.6M, was in stock awards.
William R. Calfee, Executive Vice President, Commercial North American Iron Ore, earned $2.7M in 2006.
Joseph A. Carrabba, Chief Executive Officer, received $2.4M in 2006.
Donald J. Gallagher, President North American Iron Ore, earned $1.9M in 2006.
Randy L. Kummer, Senior Vice President, Human Resources, received $1.3M in 2006.
Laurie Brlas, Chief Financial Officer, earned $452K in 2006.
Related executives
Joseph Carrabba
Cliffs Natural Resources
Chief Executive Officer
Laurie Brlas
Cliffs Natural Resources
Chief Financial Officer
Donald Gallagher
Cliffs Natural Resources
Executive Vice President and President, Global Commercial
William Calfee
Cliffs Natural Resources
Former Executive Vice President, Commercial Projects
Randy Kummer
Cliffs Natural Resources
Senior Vice President, Human Resources
David Gunning
Cliffs Natural Resources
Chairman
John Brinzo
Cliffs Natural Resources
Chief Executive Officer
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Source: SEC filing on March 26, 2008.