The chief executive of electric utility T-X-U Corporation received compensation last year valued at 17-point-12 (M) million dollars.
Most of that was in stock awards, according to an analysis of a regulatory filing today.
T-X-U, which has agreed to a record 32 (B) billion dollar sale to private investors, gave C. John Wilder stock awards in 2006 that were valued at 13-point-68 (M) million dollars on the date they
were granted, T-X-U said in a filing with the Securities and Exchange Commission.
Wilder, who is also chairman of the Dallas-based company, got a salary of 1-point-25 (M) million, a nonstock incentive payment of 1-point-65 (M) million, and $564,056 in other compensation.
Insite Question of The Day: What would you buy or do if you had a salary like that?