Mondelez sweetens CEO deal

Investor's Business Daily

The maker of Oreo cookies and other snack products gave CEO Irene Rosenfeld a special stock award valued at $10 mil. Mondelez (MDLZ) said in a regulatory filing the reward recognizes Rosenfeld for "top-tier performance," including the spinoff of its Kraft Foods (KRFT) grocery business in Oct. Rosenfeld, who took over as CEO in '06, received a pay package worth $15.7 mil as CEO of Kraft last year, according to an Associated Press calculation. Mondelez shares fell 1.2% to 25.76.

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