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Northwestern Corporation Message Board

  • ifwecudtalk ifwecudtalk Jul 5, 2005 12:08 AM Flag

    Exec. Compensation

    Correct me if I am wrong, but Excel is many times larger than Northwestern Energy. Why such a �small� bonus for the CEO, as compared to what Drook got???

    chief exec will receive $4 million bonus
    From Wire Reports
    July 3, 2005
    MINNEAPOLIS - Xcel Energy Inc. will give outgoing chairman and chief executive Wayne Brunetti a one-time $4 million payment, according to a regulatory filing.

    Brunetti announced Friday that he is stepping down as chief executive, and said he will retire as chairman on Dec. 31. His new compensation package includes $4,050,000, plus health care coverage and financial planning services, according to a filing Friday with the Securities and Exchange Commission.

    His former employment contract as chief executive and chairman paid him $1,065,000 annually, a target bonus of $1,065,000 and other incentives.

    Brunetti will be succeeded as CEO by Richard Kelly, who is currently Xcel's president and chief operating officer. Kelly's pay will rise to $920,000 from $700,000, and he will be eligible for a larger bonus.

 
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