OMAHA, Neb. (AP) — The Associated Press has found that Union Pacific Corp. Chairman and CEO Jim Young's compensation last year declined less than 5 percent to $11.2 million, mainly because he received a smaller bonus than the previous year.
The railroad's board said Wednesday that Young kept the company on track in a difficult economy. It gave Young a $2.5 million bonus, saying the railroad improved efficiency and posted a $1.9 billion profit. His 2008 bonus was $3 million.
The AP calculation is based on a regulatory filing. It aims to isolate the value company boards place on CEOs' total compensation package. It includes salary, bonus, incentives, perks and the estimated value of stock options and awards.
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