Consolidated Edison Chairman Eugene McGrath receives $13M in 2006
Consolidated Edison reports 2006 executive compensation
By ExecPay News
Published: April 11, 2007
Consolidated Edison reported fiscal year 2006 executive compensation information on April 11, 2007.
In 2006, seven executives at Consolidated Edison received on average a compensation package of $4.2M.
Average pay of disclosed executives at Consolidated Edison
Eugene R. McGrath, Chairman, received $13M in total. 53% of McGrath's compensation, or $6.8M, was in stock awards. McGrath also received $1.8M in bonus, $3.8M of change in pension value and nonqualified deferred compensation earnings, $257K in salary, as well as $187K in other compensation.
Kevin Burke, Chief Executive Officer, received a compensation package of $4.7M. 24% of the compensation package, or $1.1M, was in option awards.
Joan S. Freilich, Chairman, earned $3.4M in 2006.
Stephen B. Bram, Group President, received $2.5M in 2006.
Louis L. Rana, Chief Operating Officer, earned $2.3M in 2006.
John D. McMahon, Chief Executive Officer, received $2.1M in 2006.
Robert N. Hoglund, Chief Financial Officer, earned $1.4M in 2006.
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Source: SEC filing on April 11, 2007.