The following appears on RBJ.net
Xerox Corp.’s top executives saw a year-over-year drop in annual total compensation, a filing with the Securities & Exchange Commission shows.
Affecting the company leaders’ salaries last year was a cost-cutting measure that distributed stock awards in January instead of last July, the month the annual awards are typically handed out.
The following list of executives’ 2013 compensation includes the stock awards made on Jan. 1, 2014.
Chairman and CEO Ursula Burns reported total compensation of $10.2 million in 2013, down from $13.07 million in 2012. Included in the total compensation was a base salary of $1.1 million—flat with 2012—along with $1.3 million in non-equity incentive plan compensation and $67,000 in other compensation. Stock awards totaled $7.75 million on Jan. 1.
