Summary
Allegheny Energy Inc. CEO Paul J. Evanson, who rescued the energy company from near-bankruptcy, was Western Pennsylvania's highest compensated executive last year, with a salary-and-stock package that totaled $74.8 million.
Most of his pay -- $64.5 million -- came from stock options exercised by Evanson and from stock awards. By comparison, in 2007, Evanson reaped $34.7 million with a similar package of salary and stock, Tribune-Review research found.See the full content of this document
Extract
Energy Exec Tops Region's List of Top-Compensated Chiefs
Six years ago, as it teetered near bankruptcy, Allegheny Energy used a package of stock options to entice Evanson to become its CEO from his job as president of Florida Power & Light Co.
If he turned around Greensburg-based Allegheny Energy, and the stock market acknowledged his efforts, he could make a lot ...See the full content of this document
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