United Technologies cuts CEO compensation in recession, while praising performance
United Technologies cuts CEO compensation
HARTFORD, Conn. — United Technologies Corp. cut CEO Louis Chenevert’s compensation nearly 19 percent last year, according to a document it filed with federal regulators. The company praised his performance but said the recession hurt the conglomerate, especially its aerospace business.
Chenevert’s compensation of $17.9 million in 2009 was down from $22 …. Original article : United Technologies cuts CEO compensation in recession, while praising performance.
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