Avon CEO 2012 pay package valued at $12.9M

Avon CEO Sheri McCoy receives pay package valued at $12.9 million

Associated Press

NEW YORK (AP) -- Beauty products seller Avon Products Inc. says CEO Sheri McCoy received a compensation package worth $12.9 million during her first year on the job.

McCoy, 54, who became CEO in April 2012, received a base salary of $831,781, according to a filing with the Securities and Exchange Commission.

She received a bonus of about $1.9 million and stock awards of nearly $9.4 million on the date they were granted. She also received a performance bonus of $591,025 and other compensation of $180,139. The perks included financial planning and tax preparation, a car service allowance, an executive health exam, temporary housing costs and legal fees related to her hire.

The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.

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